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The stock market has been unpredictable over the last few years. After record highs in 2021, the markets took some hard knocks in 2022 and there is much uncertainty about how stocks will perform during the second half of 2023. The commodity and financial crises, inflation and interest rate rises, and rumors of an impending banking crisis along with a recession, are driving speculation that we could be heading for a deeper bear market by autumn.
Optimists view markets as essentially resilient and make investment decisions on the rationale that every bear market creates excellent buying opportunities and are necessary for market corrections. Optimists also believe that if you’re in for the long haul, you can structure your portfolio to absorb inevitable market downturns to still earn good returns over time.
Every investor has their own risk/reward preferences and picks their stocks accordingly. With so many companies to choose from, it is tempting to opt for the best-known companies and go with the flow. This approach to investing may deliver profits in a strong bull market, but large names such as Google. Amazon, Apple, and Microsoft are the first to feel the impact when markets turn.
Doing some market research and analysis can allow one to build an investment portfolio that is diverse, robust, and flexible. Certain sectors, and individual companies within specific sectors, will even thrive during adverse market conditions. Even if they aren’t the world’s biggest earners, such stocks can still deliver a steady upbeat performance while others take a nosedive.
Top Israeli Companies traded on the NYSE and Nasdaq
We’re exploring 6 Israeli stocks which are definitely worth watching in 2023. Israeli companies have made a powerful impact on the global market over the last few decades. The Israeli high-tech industry has produced famed market leaders like Check Point, while other successful Israeli software companies like Riskified and Cellebrite, are also gaining a strong worldwide reputation. Teva which is world famous for its generic pharmaceuticals and ICL Group which is one of the world’s largest fertilizer companies are also must-watch Israeli stocks.
If you’re looking for interesting investments, then these 6 innovative Israeli stocks are worth checking out.
Top Pick #1 ICL Group
NYSE: ICL
TASE: ICL
ICL Group is a leading specialty minerals company in the basic materials sector. It manufactures mineral-based products for the global agriculture, food, and engineered materials markets. ICL is a major world supplier of fertilizers, including potash and phosphate fertilizers, which provide essential nutrients that help improve soil fertility and support plant growth. ICL products are used by farmers, agronomists, and food producers in over 100 countries. This company is creating a positive impact every day with its innovative solutions. ICL is committed to implementing the United Nations Strategic Development Goals including Zero Hunger. Their innovative FoodTech and AgTech solutions are helping to make food security a reality for millions of people around the world. ICL beat analyst expectations over the last two years and closed at $6.56 on July 21.
2. Riskified
NYSE: RSKD
Riskified is a leader in the worldwide fight against e-commerce fraud. The company employs some of the world’s most talented risk analysts, data scientists, and researchers to deliver identity-based solutions for online businesses, along with a machine learning platform that delivers real-time protection. Some analysts regard Riskified as a potential growth stock, while others are more cautious about the future role of AI and its profitability. Regardless of the evolving role of artificial intelligence, Riskified appears to have a great future providing top-level protection to online retailers. RSKD closed at $4.53 on July 21.
3. SimilarWeb
NYSE: SMWB
SimilarWeb sets the standard for web analytics. Since its launch in 2007, this Israeli company steadily expanded before going public in May 2021 at a $1.6bn valuation. SimilarWeb maintains offices in more than a dozen cities worldwide. It has also acquired other companies to boost its mobile and SEO capacity. 2021 revenues were reported at $137.7 million and SimilarWeb clearly has ambitions to become a global force. This innovative Israeli company is relatively young, being traded publicly for just two years, but it has an impressive grasp of technology and some seriously talented people working for it. SimilarWeb is also a leader within its market niche and has few competitors that can seriously rival its dominance. SMWB is definitely a stock to watch in 2023 and beyond. SMWB closed at $7.12 on July 21.
4. Teva Pharmaceuticals
NYSE: TEVA
TASE: TEVA
Teva is an Israeli-based multinational pharmaceutical company that specializes in affordable generic drugs and the manufacture of active pharmaceutical ingredients. Although its headquarters are in Tel Aviv, Teva has a massive global presence and is the 18th largest pharmaceutical company in the world. Teva faced a number of legal issues in recent years that resulted in a series of costly payouts. These settlements took a bite out of its net income, but the company is fundamentally healthy and has assets valued at close to $50 billion. Teva closed at $8.51 on July 21.
5. Willi-Food International
Nasdaq: WILC
Willi-Food International is not a particularly well-known company, yet within Israel, it is the country’s leading food importer. The chances are that if you purchased an imported food item in Israel, it was handled by this Yavne-based company. The food market is essentially a recession-proof industry – whatever cutbacks the average consumer may make, they will always continue to buy basic food products. G Willi-Food International is well established as a market leader in Israel and currently faces a few serious challenges from rival food importers. The company’s market dominance and effective business model is reflected in the strong performance of WILC. WILC closed at $ 12.72 on July 21.
6. Check Point
Nasdaq: CHKP
Check Point is one of Israel’s best-known high-tech companies. The company was founded by a small team of veterans from the IDF’s elite ‘Unit 8200’ and provides hardware and software products for all aspects of IT. Check Point maintains its corporate HQ in Tel Aviv but has a strong presence in the US, EU, and Asia. Check Point is heavily focused on developing new 5th generation cyber security, and is expected to remain at the forefront of the security field in the short-medium term. Check Point has also carried out an aggressive acquisitions program over the last decade and the company expects to grow further. CHKP closed at $128.50 on July 21.
Although many people automatically think of high-tech when considering investing in Israeli stocks, there are innovative Israeli companies in other sectors definitely worth considering. A diversified portfolio that contains basic materials giants like ICL, major pharmaceutical companies like Teva, and food importers like G Willi-Food International can potentially perform under all market conditions. For more great foreign stock picks check out TradingADR.com!
Disclaimer:
Do not assume that buying these stocks will be profitable. Do your own research. The more you know about your stocks, the better your results.
