Economy

The investment bank gave Leumi a 'buy' recommendation and expects a 24% upside for the stock compared to its closing price yesterday. 'Revenue momentum has improved, the bank's efficiency has reached new record levels, and credit growth has already reached management's targets for the current year,' the economists wrote.

The green energy company concludes a strong quarter in the USA and Europe, but is forced to deal with an impairment of 185 million shekels and is transferring operations to Lithuania.

The 20% tax bracket has been expanded from 16,150 to 19,000 shekels per month, and the 31% bracket up to 25,100 shekels, a change resulting in monthly savings of up to 420 shekels.

A new lawsuit against the US President demands to stop the service selling early access to official White House messages on Truth Social: "A clear violation of the Constitution."

Hyper Global concludes the second quarter of 2026 with record results, a dramatic jump in profits, and a meteoric rise in operations across Israel and the globe.

Cisco reports a dramatic surge in orders for artificial intelligence infrastructure and publishes an annual revenue forecast of up to $73.4 billion, well above the market's previous analyst expectations.

The number of credit cards issued by Isracard has crossed the quarter-million mark, a jump of 200,000 new non-bank credit cards in just four months. The high recruitment rate for the Fly Card club supports the company's forecast of adding 1.2 to 1.6 billion shekels to pre-tax profit over the agreement's duration.

The bank recorded an 8% profit growth compared to the same quarter last year. Excluding the special bank tax, net profit would have risen by 4% to 1.3 billion shekels. The board of directors approved a dividend distribution of 40% of second-quarter profits.

Trading on the local stock exchange will open today against the backdrop of positive sentiment in technology stocks. Dual-listed stocks will open with a positive gap, led by the chip sector. The $30 trillion time bomb: why the surge in US bond yields threatens stock investors? Inflation has moderated, but why doesn't this mean the Fed has had the final word? Is SpaceX a space giant or an AI...

The purchase of shares at the low provided CEO Nikesh Arora with a net profit of about 16 million dollars in six months. With revenues of over 3 billion dollars, entry into the TA-35 and TA-125 indices, and a valuation approaching a trillion shekels, the cyber company continues to break records.

The Congressional Budget Office updates its deficit estimate for fiscal year 2026 to $2.1 trillion, following a sharp decline in customs revenues. Julius Baer economists analyze the implications for the markets. Also: leadership changes at the Central Bank of Indonesia.

An in-depth analysis by the Swiss investment bank Lombard Odier presents data from a hundred years of trading in the US and explains why identifying the individual companies that drive the market is difficult even for the most professional investors.

Globes presents the first update on the state of global markets. Global optimism led by AI and a strong earnings season. Rally in Asia: South Korea's KOSPI jumps 4.1% into bull market territory. Positive arbitrage in Tel Aviv led by chip stocks. Too good to last? Why Wall Street fears peak earnings in the S&P 500

Foreign exchange markets remain calm ahead of Israeli inflation data. The dollar is up 0.1% at 2.98 shekels, while annual US inflation dipped to 3.4% in July.

The Ofir-SouthUp Ventures fund, which invests in technology companies in the Western Negev, is preparing to make its first investments. The fund is expected to raise between $20 million and $30 million.

The energy company Adelteq, controlled by Uri Adelsburg, is conducting initial contacts to acquire 50% of the Hagit power plant from Shikun & Binui Energy. The value of these holdings is estimated at approximately 800 million shekels net.

Greg Gelfenboym earned a bachelor's degree in economics and accounting at 13 and discovered the effect of compound interest there for the first time: "I saw how with a simple calculation it is possible to accumulate significant capital in a reasonable time." After his army service, he opened a portfolio: "I started with the TA Real Estate index and today I am in the S&P 500."

A volatile trading day passed for Israeli stocks in New York, as some jumped following strong reports and raised forecasts, while others recorded sharp price declines.

Investment bank Morgan Stanley has reiterated an "overweight" rating and a $300 price target for SpaceX stock, more than double its current price. The bold forecast relies not on rocket launches, but on a $60 billion acquisition deal for an AI startup.

Bank Leumi has canceled an option allocation plan for CEO Hanan Friedman following a Bank of Israel directive. The regulator ruled that executive compensation cannot be linked to the performance of a single subsidiary.

Major investment banks are raising their S&P 500 forecasts one after another. If expectations are met, the index will end the year with a double-digit return for the fourth consecutive time.

Following a nearly 13% surge in share price over the past month, Kornit Digital has released its financial report for the second quarter of 2026, showing improved performance and providing guidance for the remainder of the year.

Jerry Kotishtano, one of the senior figures in the Israeli capital market, has passed away at the age of 55. During his career, he held a series of senior positions, including CEO of Epsilon Mutual Funds and Chief Investment Officer of IBI Provident Funds.

Mor Gemel ve-Pensiya reported a total profit of 17.5 million shekels for the second quarter, a 3% decrease year-on-year. Despite this, the company has raised its profit forecast for 2026.

Bazan Chairman Moshe Kaplinsky stated that the company prefers to invest abroad due to uncertainty regarding the future of Israel's refining sector and government plans for its closure.

After Discount and Hapoalim banks announced they would stop money transfers to Palestinian banks due to fears of links to terrorism, the move is expanding to banks in neighboring countries. Foreign currency trading will continue, which may hinder oversight.

The trading day in Tel Aviv closed in the green as the TA-35 index strengthened, but under the surface, there were particularly sharp movements with a collapse of several well-known stocks.

With revenues of over $100 million in the first half of the year and a sharp jump in net profit, the Israeli company reports unprecedented results and marks its next target.

Brainsway finished the second quarter of 2026 with record results, reporting a 35% revenue increase to $17 million. Following these strong figures, the company has raised its annual guidance.

One of the most powerful financial companies in the world is acquiring a young firm founded just four years ago, in a massive deal that will boost its assets under management to $130 billion.

The Iranian economy is gradually shifting from crisis management to survival management. Households are cutting consumption, switching to installment purchases and second-hand goods, while the government struggles to maintain basic supplies amid rising inflation.

Investment firm Meitav Trade concludes a strong quarter with a 12% increase in net profit and is distributing 13 million shekels to investors, alongside the acquisition of thousands of new clients and the upcoming launch of a new trading system.

Following the $32 billion sale of Wiz to Google and his move to acquire Reshet 13, cyber-giant founder Assaf Rappaport is in talks to purchase the McDonald's Israel franchise, which operates 225 locations.

The largest engineering and project group in Israel will pay 35 million shekels for 75% of the shares of Bar-El 27 Industries, with the aim of expanding its industrial activity and diversifying the group's revenue sources.

After an exceptionally strong quarter, the Israeli company is raising its forecasts for 2026 and presenting dramatic clinical data for the treatment of PTSD and clinical depression, alongside a huge backlog of orders.

US annual inflation slowed to 3.4% in July, matching market expectations. The Consumer Price Index rose by 0.1% month-over-month.

OPC reported a successful second quarter with revenues jumping 94% to $379 million and adjusted net profit rising to $34 million. The growth was driven by increased ownership in US assets and a shift to dollar-denominated reporting.

The reform promoted by the Tax Authority is intended to fight fictitious invoices by collecting VAT in real-time, instead of the periodic reporting practiced today. The Institute of Certified Public Accountants warns of damage to the cash flow of small businesses and the passing of costs onto consumers. At the same time, the question arises as to how input VAT offsetting will be carried out and...

SanDisk, a giant in data storage and flash memory solutions, is experiencing an extraordinary boom in the era of artificial intelligence infrastructure. Since returning to the market as an independent public company in February 2025, the company's stock has surged by more than 3,400%, with a rise of over 400% since the beginning of 2026 alone. Now, enjoying an exceptionally strong cash flow, the...

Leading Wall Street indices closed slightly lower on Tuesday as investors remain cautious ahead of July's inflation data. Despite market tension, the current earnings season continues to show strong results, driven by significant investments in artificial intelligence.