Written by: Israel Investor Newsletter | July 29, 2008
Teva Pharmaceuticals (TEVA) out with earnings late last night. Globes reports this morning that Copazone sales rose 29% year over year while overall sales increased 18% over 2007. Reporting $2.82 billion over analysts’ expectations of $2.68, TEVA beat on the top line. TEVA also beat with $.65 on EPS. According to Globes, “As of July 23, 2008, Teva had 149 product applications awaiting final FDA approval, including 41 tentative approvals.”
Bank of Israel raises interest rates to 4%. Read more.
Zoran (ZRAN) reported disappointing earnings last night. Transcript here.
Just eight months after its launch, Sheldon Adelson’s free Hebrew daily, Yisrael Hayom, has become the second most widely circulated newspaper in Israel, edging out Maariv.
Scopus Video (SCOP) moves into black and according to the company, things look even better in the second half of 2008.
Here’s an interesting interview with VC Cafe’s Eze Vidra pitting Israel against Sand Hill Road.
Written by: Israel Investor Newsletter | July 20, 2008
Israel Stocks Trading in the U.S.
UPDATED 7/2008
Top 30 Israeli Stocks in the U.S. by Market Cap
Teva Pharmaceutical Industries Ltd (TEVA)
Marvell Technology Group Ltd. (MRVL)
Amdocs Limited (DOX)
Check Point Software Technologies Ltd. (CHKP)
Partner Communications Company Ltd (PTNR)
Perrigo Company (PRGO)
NDS Group plc (NNDS)
Cellcom Israel Ltd. (CEL)
Africa Israel Invts Ltd (AFIVY.PK)
Comverse Technology Inc. (CMVT.PK)
Elbit Systems Ltd. (ESLT)
Ormat Technologies, Inc. (ORA)
Nice Systems Ltd. (NICE)
Equity One, Inc. (EQY)
Savient Pharmaceuticals, Inc. (SVNT)
Verifone (PAY)
Elbit Medical Imaging Ltd (EMITF)
Electronics for Imaging, Inc. (EFII)
Verint Systems Inc. (VRNT.PK)
Zoran Corporation (ZRAN)
Blue Square Israel Ltd. (BSI)
Mellanox Technologies, Ltd (MLNX)
Given Imaging Ltd. (GIVN)
Gilat Satellite Networks Ltd (GILT)
Alon USA Energy, Inc. (ALJ)
Alvarion Ltd. (ALVR)
Delek US Holdings, Inc. (DK)
Ness Technologies, Inc (NSTC)
Syneron Medical Ltd. (ELOS)
For a full list of all Israeli firms traded in the U.S., click here.
Written by: Aaron Katsman | July 8, 2008
Aaron Katsman
IsraelNewsletter.com
Red Red Red- That’s what the tape shows,
the market is going down everyone knows;
Step up and buy stocks off we go,
Homer, what would you say to a bank failure, Doh!
Sub-prime, oil, inflation and a weak dollar are to blame,
A year ago wasn’t the situation the same?
What goes up must come down was Newtons claim to fame,
It looks like only the shorts will be left standing at the end of the game.
Israeli stocks in the US have been shown the door,
but at current valuations isn’t there a floor?
Bears point to Iran and potential war,
Bulls say deal after deal signed, a rally we are in for.
Silicom (SILC), Alvarion (ALVR), Zoran (ZRAN), Amdocs (DOX) the list has no end,
It doesn’t look like the reversal is just around the bend;
Global banks are stuck they have no money to lend,
It will take time for all the carnage to mend.
But be optimistic there are deals to be had,
What’s great today used to be bad.
If you hit refresh on your portfolio you are sure to be sad,
Don’t fret a few good days and buying stocks will again be a popular fad.
Disclosure: Author’s fund has a position in SILC, DOX, ZRAN, ALVR. He has no position in any other stock mentioned as of 7/08/08.
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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
Zoran (ZRAN) held an analyst day yesterday at its Sunnyvale, CA headquarters. Well attended by Wall
Street, analysts generally left the event confident on the firm’s growth drivers and strategy but still very worried about the macroeconomic milieu at present.
Deutsche Bank believes in the Zoran story as it believes the firm will continue to see strong growth in digital TV and mobile phones in the second half of 2008. The bank believes ZRAN will conies to see demand driven from emerging markets with some support provided by converter box revenues. In a note to investors published yesterday, DB analysts said the leader in the consumer semiconductor market believes “that it is gaining share in printing, DVD, mobile phones, TVs, and printing.” (Continue »)
