Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
17:25
The Tel Aviv 35 Index rose 1.3%, the Tel Aviv 90 Index strengthened 1.2% and the Tel Aviv 125 Index added 1.3%.
Of the industry indices, the Technology Index led the gains and advanced 2.1% led by Tower which jumped 36%. The banks index rose 2%, the finance index strengthened by 1.9%, the insurance index advanced 1.8% and the real estate index rose by 1.3%. The oil and gas index stood out against the trend, losing 2.2% against the background of declining world oil prices.
16:40
The increases in Tel Aviv moderated slightly, the Tel Aviv 35 index rose 1.5% and the Tel Aviv 90 index advanced 0.8%. The industry indices are green, led by a technology index that rises 2.2%. Prominent against the trend is the oil and gas index, which is down 1.8% following the declines in world oil prices.
15:30
The dollar fell 1.1% and its representative rate was set at NIS 3.22. The pound retreated 0.9% to a rate of NIS 4.37 and the euro weakened by 0.8% to a rate of NIS 3.66.
15:15
The indices on the stock exchange continue to register nice gains. TA 35 is up 2.1%, TA 90 is up 1.1%. The banks index is up 2.1%, the technology index is up 2.7% and the construction index is up 2.2%. The oil index was cut by 1.7%. The trading volume so far amounts to NIS 1.5 billion, of which almost NIS 450 million has been traded on the Tower share, which jumps 35%.
Gilat Leaping after publishing reports, According to which its revenues in 2021 were $ 218.9 million, an increase of 32% compared to 2020. In addition, the company moved to a small net profit (Non-GAAP) of $ 1.8 million, or 3 cents per fully diluted share, compared to a loss of $ 16.4 million, or 30 cents per share, in 2020. The company forecasts for 2022 are for revenues of $ 245-265 million , Which will reflect annual growth of between 12% and 21%.
14:00
The positive trend in the stock market continues. The Tel Aviv 35 index is up 2.2%, with the top of course Tower , Which jumps 40% in a huge trading turnover of NIS 325 million, the highest on the stock exchange. TA 125 increases by 1.9%, TA 90 by 1.4%. Among the industry indices, there is a nice increase of 2.1% in the banks and construction indices, and the high-tech index adds 3%. On the other hand, the oil index is down 0.6%. The trade turnover up to this time amounts to about NIS 1.13 billion.
More nice gains are recorded in the stock delta Which published reports earlier, Next Jen Jumps close to 13%, Robogroup Bounces 9% and also Wei Box, Top Gum, Epitome and Qualitao are getting stronger. On the other hand, Allot drops 12% after the reports (see previous update), and Biomix, Apollo Power, Delek Group and Teva are also losing ground.
Against the background of the rises in the market, the dollar fell by 1.1% and traded around NIS 3.225, the euro weakened by 0.8% and traded around NIS 3.657.
12:45
Collector Group Updates on indications of an increase in the aggregate fair value of investment real estate and fixed assets in the estimated total amount of NIS 210-240 million (according to tax), of which NIS 50 million will be recorded with a capital fund and the rest will be recorded as revaluation gains for the fourth quarter of 2021. When the company’s share in the revaluation profits is in the range of NIS 125-145 million (before tax) (approximately NIS 25 million of it in the capital fund).
Company Allot Reported fourth-quarter revenue of 2021 totaled $ 41 million, an increase of 5% compared to the corresponding quarter-2020 revenue. The non-GAAP operating loss for the quarter was $ 2 million compared to an operating profit of $ 500,000 in the same quarter in 2020.
Father Security And Radiflow have announced a partnership in which Radiflow’s Breakthrough Identification System (IDS), designed for use in Industrial Control Systems (ICS OT) technologies, will be available on the parent’s secret computing platform for critical industrial environments. The new partnership will protect sensitive IDS data at all stages of the data lifecycle – in use, transition and rest – and will reduce attacks on both the operational technology network and the security mechanisms in use so that the attacker is blinded while performing the attack.
11:42
Sharp rises in the stock market. The Tel Aviv 35 Index is up 2.3%, and the Tel Aviv 90 Index is up 1.6%. Tower began trading with a 43% jump.
Tower Reported that it would be sold to Intel for $ 5.8 billion, as part of the American manufacturer’s aggressive plan to expand its production capacity to a variety of technologies and products. Intel will pay $ 53 a share – a 60% premium over last night’s closing price in New York.
Russia has announced the start of the withdrawal of some of its military forces from the Ukrainian border, Interfax news service reported, citing the Moscow Defense Ministry. A Russian Defense Ministry spokesman said military units from Russia’s southern and western provinces had already begun returning troops to their base.
The report dispels fears of a possible military attack on Ukraine that culminated this week with the evacuation of Western embassies from Ukraine, alongside fears of economic repercussions that hitting Russia’s supply of goods would directly boost inflation. Until yesterday, and relying on satellite photos from the border, the US administration called on its citizens to leave Ukraine, and expected a Russian invasion of the country to take place tomorrow.
11:02
Positive trend in the stock market, in parallel with increases in European stock markets. The Tel Aviv 35 Index is up 0.3%, and the Tel Aviv 90 Index is up 1.1%.
Increases of up to 1.4% are recorded in contracts on the Wall Street indices amid reports that some of the Russian forces on the Ukrainian border have been withdrawn.
In Tel Aviv, Next Jen shares are prominent, Danya Cebus Delta, Summit And Israel Canada.
10:00
The trading day on the stock exchange opened with a mixed trend. The TA 35 index retreated by 0.4%, and the TA 90 index rose by 0.1%.
Trading in the Tower stock was halted after the company announced it would issue a “material announcement”.
Rising records Nova , Cellcom and Gazit Globe. Nature and fertility stand out in the declines.
08:50
delta Reported this morning that sales in the fourth quarter of 2021 increased 26% to a record $ 578 million, compared to $ 459.7 million in the same quarter in 2020. Net income before non-recurring items grew in the fourth quarter by 67% to a record high of $ 45.5 million.
Warren Buffett gives up his holding in the pharmaceutical company Teva and quits his investment in it at a loss, after 4 years. The quarterly report of the holding company under his control, Berkshire Hathaway, indicated that at the end of 2021 the company did not hold any Teva shares at all, meaning that during the fourth quarter of the year it sold all of the Teva shares it previously held, approximately 42.8 million shares.
07:45
5 things you should know before opening trading on the Tel Aviv Stock Exchange
1. Expect a mixed opening
The trading day on the stock exchange is likely to open with a mixed trend. Investors in Israel and around the world will continue to follow closely the reports of tensions on the Russia-Ukraine border. Yesterday, the Tel Aviv 35 index closed up 1.3% after declining in the morning, and the Tel Aviv 90 index climbed 0.6%. The trade turnover amounted to NIS 2.4 billion.
2. Mixed lock on Wall Street
A mixed lock was recorded on Wall Street last night. The Nasdaq index closed unchanged and the Dow Jones industrial average fell 0.5%.
Most dual stocks came back with negative gaps: nature With 1%, Nice 0.6%, Nova 0.8% and Ofek 2.3% so they are expected to go down this morning.
Report: Intel acquires Tower
According to a report tonight (Tuesday) in the Wall Street Journal, Tower will be sold to Intel for $ 6 billion, as part of the American manufacturer’s aggressive plan to expand its production capacity to a variety of technologies and products. According to the report, the deal is expected to be signed later this week, if it does not run aground in the meantime.
A price of $ 6 billion represents a premium of about 70% over the share price of Tower Today, it is traded at a value of NIS 11.4 billion, or about $ 3.5 billion. Tower shares soared 49% in late trading in New York and are expected to soar this morning in Tel Aviv as well.
4. Russia will attack tomorrow?
Tensions around Ukraine continue. According to reports in the American media yesterday, Russia has transferred several long-range missile and rocket launchers to a firing position that threatens Ukraine. Meanwhile, for the first time, Ukrainian President Vladimir Zalansky has drawn a public line with the West and wrote last night on Facebook that he had learned that Russia would attack his country on Wednesday.
Zalansky wrote in a statement on Facebook that Ukraine will hold a “unity day” on Wednesday. According to him, the relevant order has already been signed. “We are told that February 16 will be the day of the attack,” he wrote. The US administration yesterday issued an order to representatives of the US embassy in Kiev to destroy the computers and important documents, and to evacuate to the city of Lviv which is in the west of the country.
5. A mixed trend in Asia, oil is approaching $ 100
Trade in Asia is conducted in a mixed trend. The Nikkei in Tokyo retreated 1.2%, the Shanghai index rose slightly, and the Hang Seng index retreated 1.1%.
Trading on the futures of the top three Wall Street indices is down slightly 0.1% -0.3%.
Amid tensions in Ukraine, oil continued to climb yesterday, approaching $ 100 a barrel. A Brent oil contract for April is now down slightly and is trading at $ 96 a barrel and a WTI oil contract is down 0.6% to $ 94.9 a barrel.