This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Israeli Investors Buy at the Sound of Cannons

Missile strikes by Hamas toward Israeli southern cities and settlements, coupled with more clashes in the West Bank, added fuel to the tension.

Hundreds of Katyusha missiles that hit northern cities in Israel also forced the shutdown of many factories and high-tech centers in the area. Companies such as Iscar, a Galilee-based metalworks company recently purchased for $4 billion by Berkshire Hathaway (BRK-A), have reportedly closed their Israeli operations.

In more positive news, the downpour of missiles on Galilee didn't stop Shamrock Holdings, a private equity fund that also manages the Disney family's investments, from buying the Galilee-based footwear company Teva Naot on Wednesday. Shamrock agreed to purchase 66% of Teva Naot, with an option to increase its holdings to 83% at a company valuation of about $29 million. Teva Naot exports 70% its footwear and flagship Teva sandals.

Elsewhere, the $2.2 billion U.S. venture capital fund Greylock Partners said earlier this week that it launched a $150 million fund dedicated to investments in Israel. To date, Greylock has invested in eight Israeli early-stage technology companies.

In earnings news, the giant billing software company Amdocs (DOX - Get Report) said its fiscal third-quarter earnings, adjusted to stock option charges, were $626 million, or 49 cents a share, up 11% from last year. Results handily beat the average earnings estimate of 46 cents a share according to Thomson First Call. Amdocs' shares rose 10% on Thursday on its earnings announcement.
As originally published, this story contained an error. Please see Corrections and Clarifications .
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GIVN $0.00 0.00%
BRK.A $220,120.00 0.51%
CRNT $1.22 1.70%
DOX $56.86 0.57%
ITRN $21.01 1.00%


Chart of I:DJI
DOW 17,883.90 +110.26 0.62%
S&P 500 2,080.64 +15.34 0.74%
NASDAQ 4,814.8120 +39.4540 0.83%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs