Investors in Israeli stocks are bullish after the country's election because the nature of the new coalition is in favor of reform, said Brian Friedman, President of Israel Investment Advisors. Friedman added that there is a permanent geopolitical discount in Israeli stocks which makes the country an attractive place to invest and also cushions the impact of any geopolitical event. He said technology valuations in Israel are stretched so there is better value in the telecom equipment space. Finally, Friedman said Israel's banks will do well as a result of growth in the overall Israeli economy.