The stock market will open against the background of price increases in the US yesterday


The fourth trading day of this week is expected to open against the background of price increases last night in the US and the local stock market, with the background of the continued dealing with the corona virus and the reporting season for the second quarter continuing this week.

The New York Stock Exchange recorded another day of gains yesterday, the Dow Jones added 0.6% on Tuesday’s gains, NASDAQ climbed 0.35% and ESP rose 0.36%. This morning Asian stocks rose in most stocks. The Shanghai Composite Index is down 0.1%, with futures currently trading slightly higher.

The dual shares return to Tel Aviv with a small positive gap of 0.1%. Ormat with a positive gap of 1.8%, ICL with a positive gap of 1.5% and Perrigo with a positive gap of one percent. On the other hand, Teva returns with a negative gap of 1.84% ahead of the publication of the company’s quarterly reports today, Elbit Systems returns with a negative gap of 0.6% and Tower with a negative gap of half a percent.

Nova jumped 7% after publishing reports and surpassing analysts’ expectations. Net income for the second quarter was $ 13.8 million compared to $ 9 million in the same quarter last year. Revenue for the quarter was $ 62.6 million compared to $ 51.1 million in the same quarter last year.

The cannabis company Canomed has signed an agreement with Teva Adir for the sale of growing products for NIS 6 million. The parties have entered into an agreement for a period of three growing cycles, the first is in advanced harvest stages and is expected to be completed in the coming month, and two more growing cycles are expected to be completed within 12 months. The stock soared in response to 14%.

Allot shares are returning from trading in the US with a large positive spread of 8.7%. Allot fell 9.6% at the end of trading in Tel Aviv after the publication of the reports, including a 23% growth in second quarter revenue and a loss of $ 2.4 million. In New York, the trend has changed and the stock is returning, as mentioned, by a large positive margin.

Last night in Tel Aviv, trading ended with price increases, with the exception of the banks index, which continues to show weakness. The Tel Aviv 35 index rose 0.23%, the Tel Aviv 125 index rose 0.57%, the banks index fell 1.7%, contrary to the trend, the real estate index rose 0.6% and the oil index climbed 0.9%.


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