Israel Education Ministry To Shift All Schools To Remote Learning As Of Sunday
Portfolio Pulse from Charles Gross
The Israel Education Ministry has announced that all schools will shift to remote learning starting Sunday, according to a statement cited by Reuters.
October 11, 2023 | 11:53 am
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NEUTRAL IMPACT
The iShares MSCI Israel ETF could potentially be impacted by this shift to remote learning in Israel.
The iShares MSCI Israel ETF is designed to track the investment results of an index composed of Israeli equities. The shift to remote learning could have indirect effects on the Israeli economy and thus on the ETF, but the direct impact is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust is unlikely to be significantly impacted by this news.
The SPDR S&P 500 ETF Trust is designed to track the S&P 500, a broad market index. The shift to remote learning in Israel is unlikely to have a significant direct impact on the U.S. market or this ETF.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The United States Oil Fund, LP is unlikely to be significantly impacted by this news.
The United States Oil Fund, LP is designed to track the price movements of West Texas Intermediate light, sweet crude oil. The shift to remote learning in Israel is unlikely to have a significant direct impact on the oil market or this ETF.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
POSITIVE IMPACT
Zoom Video Communications, Inc. could potentially benefit from this shift to remote learning in Israel.
Zoom Video Communications, Inc. provides a remote conferencing services platform that combines video conferencing, online meetings, chat, and mobile collaboration. As schools in Israel shift to remote learning, there could be an increased demand for Zoom's services, potentially leading to a positive impact on the company's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80