Latest On Israel: Blinken, Netanyahu Shelter In Bunker During Air Raid Sirens, Pentagon Issues Warning To 2,000 US Troops
Portfolio Pulse from Piero Cingari
The ongoing Israel-Hamas conflict has led to a tense situation with US Secretary of State Antony Blinken and Israeli Prime Minister Benjamin Netanyahu seeking refuge in a bunker during their meeting due to air raid sirens. The Pentagon has issued 'prepare to deploy' orders to approximately 2,000 US troops. Iran has signaled readiness for a broader conflict. The humanitarian situation in Gaza is rapidly approaching catastrophe. The Israeli shekel has experienced its sixth consecutive decline, reaching an eight-year low. Israel-related stocks fell, with the iShares MSCI Israel ETF (EIS) falling 0.6% and the ARK Israel Innovative Technology ETF (IZRL) rising 0.6%. Similarweb Ltd. (SMWB) was the top performer among Israeli stocks, while Cellcom Israel Ltd. (CELJF) was the worst performing.
October 16, 2023 | 7:38 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Cellcom Israel Ltd. (CELJF) was the worst performing stock, down 8.4%.
The ongoing conflict in Israel is causing uncertainty in the market, leading to a decline in the value of Cellcom Israel Ltd. (CELJF).
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) fell 0.6% amid the ongoing Israel-Hamas conflict.
The ongoing conflict in Israel is causing uncertainty in the market, leading to a decline in the value of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The ARK Israel Innovative Technology ETF (IZRL) rose 0.6% despite the ongoing Israel-Hamas conflict.
Despite the ongoing conflict in Israel, the ARK Israel Innovative Technology ETF (IZRL) managed to rise, possibly due to its focus on innovative technology companies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Similarweb Ltd. (SMWB) was the top performer among Israeli stocks, up 9.7%.
Despite the ongoing conflict in Israel, Similarweb Ltd. (SMWB) managed to perform well, possibly due to its strong business fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100