Geopolitics Alpha

Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat

Published . Updated .

Key takeaways

  • Exposed: EWI, RACE, ZGN, EFA
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHAItaly's Leonardo slips on lack ofearnings guidance raise after Q3beatGEOPOLITICS ALPHA

This report is about Italy.

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWI iShares MSCI Italy ETF-7.4% 8d

    iShares MSCI Italy ETF holds stocks listed in Italy, which this story is about (“italy”).

  • RACE Ferrari N.V-0.4% 30d

    Ferrari N.V (motor vehicles and passenger car bodies) is one of the largest Italy-based companies traded in the US, so news about Italy (“italy”) reaches its shares.

  • ZGN Ermenegildo Zegna N.V

    Ermenegildo Zegna N.V (apparel and other finishd prods of fabrics and similar matl) is one of the largest Italy-based companies traded in the US, so news about Italy (“italy”) reaches its shares.

  • EFA iShares MSCI EAFE ETF-2.4% 8d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Italy, which this story is about.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWI-3.94%-3.95%baseafter closeafter closeafter closeafter close
RACE-7.50%-6.78%baseafter closeafter closeafter closeafter close
ZGN-9.98%-5.75%baseafter closeafter closeafter closeafter close
EFA-1.31%-1.92%baseafter closeafter closeafter closeafter 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.

Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat TradingView

Source: TradingView

Price since this story was published: Ishares (EWI)

CompanyWhenMoveStatus
Ishares Tr (EFA)three days earlier-1.92%final price
Ishares Tr (EFA)five days earlier-1.31%final price
Ishares (EWI)three days earlier-3.95%final price
Ishares (EWI)five days earlier-3.94%final price
Ferrari N.V (RACE)three days earlier-6.78%final price
Ferrari N.V (RACE)five days earlier-7.50%final price
Ermenegildo Zegna N.V (ZGN)three days earlier-5.75%final price
Ermenegildo Zegna N.V (ZGN)five days earlier-9.98%final price

Congressional stock trades in Ishares (EWI)

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares (EWI)

Companies carried with this story

  • EWI Ishares

    Ishares (EWI) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat.” Reason on file: iShares MSCI Italy ETF holds stocks listed in Italy, which this story is about (“italy”)

  • RACE Ferrari N.V

    Ferrari N.V (RACE) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat.” Reason on file: Ferrari N.V (motor vehicles and passenger car bodies) is one of the largest Italy-based companies traded in the US, so news about Italy (“italy”) reaches its shares

  • ZGN Ermenegildo Zegna N.V

    Ermenegildo Zegna N.V (ZGN) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat.” Reason on file: Ermenegildo Zegna N.V (apparel and other finishd prods of fabrics and similar matl) is one of the largest Italy-based companies traded in the US, so news about Italy (“italy”) reaches its shares

  • EFA Ishares Tr

    For “Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Italy, which this story is about

Ishares (EWI)

The 5 Nov 2026 story “Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat” names Ishares (EWI) because of this story.

What ties Ishares (EWI) to the headline is this: iShares MSCI Italy ETF holds stocks listed in Italy, which this story is about (“italy”)

Ferrari N.V (RACE) is here too. Its reason reads: Ferrari N.V (motor vehicles and passenger car bodies) is one of the largest Italy-based companies traded in the US, so news about Italy (“italy”) reaches its shares

Price levels for Ishares (EWI)

EWI traded between 55.42 and 58.09 across 6 sessions. The latest close on file is 56.65. RACE traded between 381.62 and 421.67 across 20 sessions. The latest close on file is 414.71.

How strong the case is around Ishares (EWI)

33 out of 100

“Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat” scores 33 out of 100. The score uses 1 sources, and 4 linked companies.