Iran's Revenge Promise Against Israel Is Taking Down Its Stock Market — But Large Tech Companies Appear Immune
Portfolio Pulse from Natan Ponieman
Israeli stocks and ETFs are facing declines due to escalating tensions with Iran, except for large Israeli tech companies with a global presence. The TA-35 Index dropped over 3% this week following Iran's retaliation promise. However, U.S.-listed Israeli tech firms like Mobileye, Check Point Software, and Nice Ltd are showing resilience. ETFs like EIS, IZRL, and ITEQ have varied responses, with EIS down 2.6%, while IZRL and ITEQ saw slight gains.
April 04, 2024 | 7:52 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ishares Msci Israel ETF is down 2.6% this week, impacted by the escalating conflict between Israel and Iran.
The decline in EIS is directly related to investor concerns over the escalating conflict between Israel and Iran, affecting the broader Israeli market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Check Point Software Technologies Ltd. is up 0.3% on Thursday, indicating stability amidst the Israel-Iran conflict.
Check Point Software's slight gain reflects its global presence and the robust demand for cybersecurity, insulating it from regional conflicts.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Amplify Bluestar Israel Technology ETF gained 0.9% on Thursday, following a similar trajectory to IZRL, indicating strength in Israeli tech.
ITEQ's gain reflects investor confidence in the resilience and global reach of Israeli tech companies, despite regional conflicts.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Israel Innovative Technology ETF recovered from losses, up 0.6% on Thursday, showing resilience amidst the conflict.
IZRL's recovery and gain, despite the conflict, indicate investor confidence in Israeli tech innovation's global impact and resilience.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Mobileye Global Inc is up 1.5% on Thursday, showing resilience with a 0.5% gain over the past five days amidst regional tensions.
Mobileye's gain, despite regional tensions, highlights the strength and global market reach of Israeli tech companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Nice Ltd is up 1% on Thursday after a minor drop on Tuesday, demonstrating resilience in the face of regional tensions.
Nice Ltd's recovery and gain underscore the resilience and global appeal of Israeli tech firms, even in times of regional conflict.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80