Gilat Satellite Networks Ltd. (NASDAQ:GILT)’s traded shares stood at 494,153 during the last session, with the company’s beta value hitting 0.31. At the close of trading, the stock’s price was $10.52, to imply an increase of 2.04% or $0.21 in intraday trading. The GILT share’s 52-week high r
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A month ago, 60% of Israelis were vaccinated, nearly double the corresponding vaccination rate of Americans at that time. Economic data suggest the benefits of a highly vaccinated population are playing out in real time.
“The Bank of Israel tracks credit-card expenditure as one of its special indicators on the state of the economy during the coronavirus crisis. Through Apr. 6, expenditure was running 19% ahead of January 2020 levels,” reports Steve Goldstein for Barron’s.
The Israeli Opportunity Set
Beyond a stellar rate of vaccinations, there are other reasons to consider IZRL, namely Israel’s tech- and innovation-heavy economy.
IZRL tracks the performance of the ARK Israeli Innovation Index, which is comprised of Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, healthcare, biotechnology, industrials, manufacturing, the Internet, or information technology, according to the issuer. The fund is one of two passivel