Because of the wars, the Israeli economy suffers from a prolonged recession
Published . Updated .
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Israel's economy is suffering from a prolonged recession, as has always been the case when the Israeli-Palestinian conflict flares up
Directly affected
- No company is named in this report.
Indirectly affected
- EIS iShares MSCI Israel ETF-4.5% 11d
iShares MSCI Israel ETF holds stocks listed in Israel, which this story is about (“israeli”).
- TEVA Teva Pharmaceutical Industries+0.7% 6d
Teva Pharmaceutical Industries (pharmaceutical preparations) is one of the largest Israel-based companies traded in the US, so news about Israel (“israeli”) reaches its shares.
- ESLT Elbit Systems-3.4% 6d
Elbit Systems (aircraft parts and auxiliary equipment) is one of the largest Israel-based companies traded in the US, so news about Israel (“israeli”) reaches its shares.
- TSEM Tower Semiconductor-29.3% 30d
Tower Semiconductor (semiconductors and related devices) is one of the largest Israel-based companies traded in the US, so news about Israel (“israeli”) reaches its shares.
- CHKP Check Point Software Technologies+3.4% 30d
Check Point Software Technologies (prepackaged software) is one of the largest Israel-based companies traded in the US, so news about Israel (“israeli”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EIS | +3.35% | +0.97% | base | after close | after close | after close | after close |
| TEVA | -4.53% | -1.90% | base | after close | after close | after close | after close |
| ESLT | +8.68% | +3.08% | base | after close | after close | after close | after close |
| TSEM | +12.99% | +8.32% | base | after close | after close | after close | after close |
| CHKP | -1.85% | +2.27% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Because of the wars, the Israeli economy suffers from a prolonged recession Tomorrow's Affairs
Source: Tomorrow's Affairs
Defense
| Company | When | Move | Status |
|---|---|---|---|
| CHKP | three days earlier | +2.27% | final price |
| CHKP | five days earlier | -1.85% | final price |
| EIS | three days earlier | +0.97% | final price |
| EIS | five days earlier | +3.35% | final price |
| ESLT | three days earlier | +3.08% | final price |
| ESLT | five days earlier | +8.68% | final price |
| TEVA | three days earlier | -1.90% | final price |
| TEVA | five days earlier | -4.53% | final price |
| TSEM | three days earlier | +8.32% | final price |
| TSEM | five days earlier | +12.99% | final price |
How solid the defense case looks
12 out of 100
“Because of the wars, the Israeli economy suffers from a prolonged recession” scores 12 out of 100. The score uses 1 sources.