Latest news for Cellcom Israel (OTC:CELJF) Stock

Cellcom Israel Ltd is the largest wireless provider in Israel and holds about one third of the market. The company offers basic voice services and data services such as Web browsing and music downloads. Cellcom is also launching a next-generation wireless service that supports higher data capacity. The company went public in February 2007, and its largest shareholder, Discount Investment, owns about 47% of its shares.

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CELJF

iShares MSCI Israel Capped Investable Market Index Fund

IZRL

SMWB

Latest On Israel: Blinken, Netanyahu Shelter In Bunker During Air Raid Sirens, Pentagon Issues Warning To 2,000 US Troops

CELLCOM ISRAEL LTD ORD by Cellcom Israel, Ltd.

Cellcom Israel Ltd

Maxim Group analyst Naz Rahman upgrades Virpax Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) from Hold to Buy and announces $3 price target.

News

Upgrades

Price Target

Analyst Ratings

VRPX

Maxim Group Upgrades Virpax Pharmaceuticals to Buy, Announces $3 Price Target

<a href="https://www.nbcnews.com/politics/joe-biden/bidens-family-starts-discussing-exit-plan-2024-race-rcna162658" title="https://www.nbcnews.com/politics/joe-biden/bidens-family-starts-discussing-exit-plan-2024-race-rcna162658">https://www.nbcnews.com/politics/joe-biden/bidens-family-starts-discussing-exit-plan-2024-race-rcna162658</a>

General

'Biden's family starts discussing his exit plan from the 2024 race' - NBC

Stephens &amp; Co. analyst Matt Olney maintains First Finl Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIN#NASDAQ">FFIN</a>) with a Equal-Weight and raises the price target from $31 to $36.

FFIN

Stephens & Co. Maintains Equal-Weight on First Finl Bankshares, Raises Price Target to $36

B. Riley Securities analyst Lucas Piper initiates coverage on HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) with a Buy rating and announces Price Target of $6.

Initiation

HIVE

B. Riley Securities Initiates Coverage On HIVE Digital Technologies with Buy Rating, Announces Price Target of $6

Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is reporting second-quarter earnings on Monday. Wall Street expects $1.15 in EPS and $33 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=VZ"> before market hours</a>.
The stock is up 30.37% over the past year, 11.59%% YTD.
Let&#8217;s look at what the charts indicate for Verizon stock and how the stock currently maps against Wall Street estimates.
<h1 class="wp-block-heading">Verizon Stock Strongly Bullish Ahead Of Q2 Earnings </h1>
Verizon is currently exhibiting a strongly bullish trend, with the share price at $42.07, above its 5-, 20-, and 50-day exponential moving averages (EMAs).
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19085553/Screenshot-2024-07-19-at-6.25.27-PM.png" alt="" class="wp-image-445676" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19085553/Screenshot-2024-07-19-at-6.25.27-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19085553/Screenshot-2024-07-19-at-6.25.27-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
This upward momentum is reinforced by the stock trading above key simple moving averages (SMAs). Specifically, VZ&#8217;s share price surpasses its 8-day SMA of $41.35, 20-day SMA of $41.17, 50-day SMA of $40.57 and 200-day SMA of $38.82, all of which signal bullish momentum.
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19085605/Screenshot-2024-07-19-at-6.25.37-PM.png" alt="" class="wp-image-445677" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19085605/Screenshot-2024-07-19-at-6.25.37-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19085605/Screenshot-2024-07-19-at-6.25.37-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) indicator stands at 0.33, further supporting a bullish outlook. Additionally, the Relative Strength Index (RSI) is at 60.88, suggesting that while VZ is approaching overbought territory, it currently remains bullish.
Bollinger Bands analysis indicates a bullish signal as well, with the 25-day bands set at $39.46 to $42.31, and the stock trading in the upper band.
These indicators collectively suggest that Verizon Communications is poised for continued upward movement, despite slight selling pressure.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/39858280/how-to-earn-500-a-month-from-verizon-stock-ahead-of-q2-earnings-report">How To Earn $500 A Month From Verizon Stock Ahead Of Q2 Earnings Report</a>
<h2 class="wp-block-heading">Verizon Analysts See Upside From Current Levels</h2>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/VZ/analyst-ratings"> The consensus analyst rating</a> on Verizon stock stands at an Outperform currently with a price target of $45.21. However, the latest analyst ratings for Verizon from Scotiabank, Tigress Financial and Wells Fargo imply a 9.76% upside, with an average price target of $46.17.
VZ Price Action: Verizon stock closed the trading day Thursday at $42.07, up 0.10%. It is down 0.095% to $42.03 in pre-market trading. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39789703/telecom-giant-verizon-eyes-tower-sell-off-to-monetize-asset">Telecom Giant Verizon Eyes Tower Sell-Off To Monetize Asset</a></li>
</ul>
Photo: Shutterstock

Technicals

Movers

Verizon Stock On The Rise: Bulls Dominate Ahead Of Q2 Earnings Report

The Federal Bureau of Investigation (FBI) has reportedly used an unreleased technology from Israel-based digital intelligence company Cellebrite (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLBT#NASDAQ">CLBT</a>) to gain access to the phone of the individual who targeted former President Donald Trump. 
What Happened: After the FBI faced difficulties unlocking the phone of the shooter, identified as Thomas Matthew Crooks, they turned to Cellebrite for assistance. Despite having a license for Cellebrite&#8217;s software, the FBI&#8217;s Pittsburgh bureau was unable to bypass the passcode on Crooks&#8217; newer Samsung model phone, which runs on Android&#8217;s operating system.
Upon reaching out to Cellebrite&#8217;s team, the FBI received additional technical support and a new, unreleased software, Bloomberg<a href="https://www.bloomberg.com/news/articles/2024-07-18/fbi-used-new-cellebrite-software-to-access-trump-shooter-s-phone"> reported</a> on Friday. This software enabled the FBI to unlock the phone in just 40 minutes. Cellebrite, which generates about 20% of its public sector work from federal customers, has defended its technology against criticism from privacy advocates, asserting that it is used only in legally sanctioned cases and not for surveillance.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39837493/trump-says-taiwan-should-pay-for-its-defense-to-us-but-if-china-invades-taipei-it-will-be-catast?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says Taiwan Should Pay For Its Defense To US, But If China Invades Taipei, It Will Be &#8216;Catastrophic</a>
Why It Matters: The shooting incident, which occurred at a Trump rally in Bethel Park, Pennsylvania, resulted in injuries to the former president and the death of a spectator. The <a href="https://www.benzinga.com/24/07/39763183/fbi-identifies-pennsylvania-shooter-at-trump-rally-unseen-footage-reveals-crowd-identifying-gunman-p">FBI identified the shooter</a> as 20-year-old Thomas Matthew Crooks from Bethel Park, Pennsylvania.
The incident led to intense scrutiny of the U.S. Secret Service, with both the public and political sphere raising questions about how an armed gunman was able to gain access to an open shooting position just 130 yards away from the podium where Trump was giving his speech. This <a href="https://www.benzinga.com/news/24/07/39779392/secret-service-failure-to-prevent-trump-shooting-under-scrutiny-by-democrats-republicans-we-cant-all">scrutiny is expected</a> to have vast political consequences for Trump&#8217;s campaign and affect specific stocks and sectors.
Furthermore, it was reported that local law enforcement had cautioned the Secret Service about their inability to provide adequate security at the rally. The <a href="https://www.benzinga.com/news/24/07/39829608/trump-rally-security-secret-service-was-informed-of-police-inability-to-watch-sniper-location">Secret Service was informed</a> that the local police department was short-staffed and couldn't assist with securing a key building where the shooter later positioned himself and fired at Trump.
Price Action: On Friday, Cellebrite was trading 2.07% higher at $12.82 in the pre-market, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39690898/no-more-getting-high-on-hemp-in-america-multiple-states-begin-intoxicating-hemp-crackdown?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">No More Getting High On Hemp In America? Multiple States Begin Intoxicating Hemp Crackdown</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Tech

CLBT

FBI Reportedly Used Israel-Based Security Firm's Unreleased Technology To Crack Trump Shooter's Phone

WIIM

Gold and silver are trading lower amid a pullback following recent strength as Treasury yields rise.

Asset Sales

KKR Weighing Options Including Selldown In Market; Exploring Options For Stake In Biotage

Macquarie analyst Ravi Menon upgrades Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) from Underperform to Neutral.

INFY

Macquarie Upgrades Infosys to Neutral

FedEx Says Experienced Substantial Disruptions; Potential Delays Possible For Package Deliveries; Contingency Plans Activated To Mitigate Impacts

American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) shares are trading nearly flat today. The company reportedly implemented a ground stop for all flights early today because of a communication problem.
However, American Airlines stated earlier that the outage did not affect its operations, reported Reuters.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country" rel="noreferrer noopener">Microsoft Outage Wreaks Havoc On World As 911, International Airlines, Banks And Airport Services Disrupted (UPDATED)</a>
The outage began at approximately 6 p.m. ET on Thursday, affecting a subset of its customers with issues in multiple Azure services in the Central U.S. region. Azure is a cloud computing platform that offers services for building, deploying, and managing applications and services.
Other low-cost carriers, including Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>), Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>), and&nbsp;Sun Country Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCY#NASDAQ">SNCY</a>), experienced outages that affected their day-to-day operations.
Investors can&nbsp;gain access to&nbsp;the stock via&nbsp;U.S.&nbsp;Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and&nbsp;First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com//node/39858714" rel="noreferrer noopener">CrowdStrike Shares Trim Heavy Losses As Microsoft Announces Resolution Of Global Tech Outage: &#8216;This Is Clearly A Major Black Eye&#8217;</a>
Price Action: AAL shares are up 0.09% at $10.61 premarket at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

ALGT

FTXR

JETS

MSFT

SNCY

ULCC

What's Going On With American Airlines Stock Today?

Redburn Atlantic analyst Hamilton Faber maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $740 to $760.

NFLX

Redburn Atlantic Maintains Buy on Netflix, Raises Price Target to $760

Oppenheimer analyst Brian Schwartz maintains Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) with a Outperform and raises the price target from $100 to $120.

AGYS

Oppenheimer Maintains Outperform on Agilysys, Raises Price Target to $120

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Baird analyst Andrew Wittmann downgraded the rating for Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) from Outperform to Neutral, while increasing the price target from $750 to $775. Cintas shares gained 5.4% to settle at $758.97 on Thursday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/CTAS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Arun Viswanathan downgraded Sealed Air Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) from Outperform to Sector Perform, while cutting the price target from $43 to $40. Sealed Air shares fell 1.3% to close at $36.39 on Thursday. <a href="https://www.benzinga.com/quote/SEE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stephens &amp; Co. analyst Jim Salera downgraded the rating for Chuy&#8217;s Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) from Overweight to Equal-Weight, but raised the price target from $36 to $37.5. Chuy&#8217;s shares climbed 47.8% to close at $37.34 on Thursday. <a href="https://www.benzinga.com/quote/CHUY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Tien-Tsin Huang downgraded WNS (Holdings) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNS#NYSE">WNS</a>) from Overweight to Neutral and maintained a price target of $60. WNS shares dipped 3.5% to close at $57.95 on Thursday. <a href="https://www.benzinga.com/quote/WNS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Janney Montgomery Scott analyst Timothy Coffey downgraded the rating for Banner Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) from Buy to Neutral. Banner shares fell 1.4% to close at $58.49 on Thursday. <a href="https://www.benzinga.com/quote/BANR/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39858280/how-to-earn-500-a-month-from-verizon-stock-ahead-of-q2-earnings-report">How To Earn $500 A Month From Verizon Stock Ahead Of Q2 Earnings Report</a></li>
</ul>

Downgrades

Trading Ideas

BANR

CHUY

CTAS

This Sealed Air Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Keybanc analyst Jason Celino maintains Paylocity Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) with a Overweight and lowers the price target from $200 to $171.

PCTY

Keybanc Maintains Overweight on Paylocity Holding, Lowers Price Target to $171

Trading To Commence On Split-Adjusted Basis On August 5, 2024 Under Symbol "VATE"

Stock Split

VATE

Innovate Announces 1-for-10 Reverse Stock Split Effective August 2, 2024

JP Morgan analyst Joseph Greff downgrades Host Hotels &amp; Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HST#NASDAQ">HST</a>) from Neutral to Underweight and lowers the price target from $20 to $18.

JP Morgan Downgrades Host Hotels & Resorts to Underweight, Lowers Price Target to $18

Keybanc analyst Jeffrey Hammond maintains Hayward Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAYW#NYSE">HAYW</a>) with a Overweight and lowers the price target from $17 to $16.

HAYW

Keybanc Maintains Overweight on Hayward Holdings, Lowers Price Target to $16

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. `
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">LegalZoom.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZ#NASDAQ">LZ</a>)</h3>
<ul>
<li>LegalZoom.com will report its financial results for the second quarter on Wednesday, Aug. 7, after the closing bell. The company's stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/LZ">52-week low of $5.33</a>.</li>
<li>RSI Value: 27.98</li>
<li>LZ Price Action: Shares of LegalZoom.com fell 1.2% to close at $6.39 on Thursday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest LZ news.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="680" height="727" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19065532/Screenshot-2024-07-19-at-4.25.09-PM.png" alt="" class="wp-image-445268" style="width:435px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19065532/Screenshot-2024-07-19-at-4.25.09-PM.png 680w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19065532/Screenshot-2024-07-19-at-4.25.09-PM-281x300.png 281w" sizes="(max-width: 680px) 100vw, 680px" /></a></figure>
<h3 class="wp-block-heading">Grab Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On July 17, Jefferies analyst Thomas Chong maintained Grab Hldgs with a Buy rating and lowered the price target from $5 to $4.7. The company's stock fell around 7% over the past five days. It <a href="https://www.benzinga.com/quote/GRAB">has a 52-week low</a> of $2.90.</li>
<li>RSI Value: 27.61</li>
<li>GRAB Price Action: Shares of Grab Holdings fell 2.3% to close at $3.41 on Thursday.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1">trend in Grab Holdings stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="688" height="749" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19065611/Screenshot-2024-07-19-at-4.25.59-PM.png" alt="" class="wp-image-445274" style="width:459px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19065611/Screenshot-2024-07-19-at-4.25.59-PM.png 688w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19065611/Screenshot-2024-07-19-at-4.25.59-PM-276x300.png 276w" sizes="(max-width: 688px) 100vw, 688px" /></a></figure>
<h3 class="wp-block-heading">Expion360 Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>)</h3>
<ul>
<li>On May 14, Expion360 posted a first-quarter loss of 31 cents per share. &#8220;In the first quarter of 2024 we fortified our position as a leader in premium LiFePO4 batteries with next generation battery product launches and new technologies,&#8221; said Brian Schaffner, Chief Executive Officer of Expion360. The company's stock dipped around 20% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/XPON">low of $0.83</a>.</li>
<li>RSI Value: 24.50</li>
<li>XPON Price Action: Shares of Expion360 fell 6.4% to close at $0.85 on Thursday.</li>
<li>Benzinga Pro's signals feature notified of a <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1">potential breakout in XPON shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="657" height="739" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19070428/Screenshot-2024-07-19-at-4.34.20-PM.png" alt="" class="wp-image-445308" style="width:417px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19070428/Screenshot-2024-07-19-at-4.34.20-PM.png 657w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19070428/Screenshot-2024-07-19-at-4.34.20-PM-267x300.png 267w" sizes="(max-width: 657px) 100vw, 657px" /></a></figure>
Read More: 
<a href="https://www.benzinga.com/news/earnings/24/07/39853970/dow-plunges-over-500-points-following-unexpected-surge-in-us-jobless-claims">Dow Plunges Over 500 Points Following Unexpected Surge In US Jobless Claims</a>

Long Ideas

Pre-Market Outlook

GRAB

XPON

Top 3 Industrials Stocks That May Rocket Higher In Q3

Keybanc analyst Alex Markgraff maintains Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) with a Overweight and raises the price target from $23 to $25.

HOOD

Keybanc Maintains Overweight on Robinhood Markets, Raises Price Target to $25

Small Cap

Press Releases

CELLCOM ISRAEL LTD. Announces Annual General Meeting of Shareholders

Cellcom Israel

U.S. Secretary of State Antony Blinken and Israeli Prime Minister Benjamin Netanyahu experienced a tense moment during their meeting in Tel Aviv Monday when they sought refuge in a bunker for 5 minutes when air raid sirens blared, as confirmed by a State Department spokesperson and reported by Reuters. The meeting resumed once the<a href="https://www.benzinga.com/topic/israel"> shelling alert had concluded.</a>



The Pentagon sent &#8220;prepare to deploy&#8221; orders to approximately 2,000 U.S. troops in readiness for potential involvement in the Israel-Hamas conflict, <a href="https://www.timesofisrael.com/liveblog-october-16-2023/">according</a> to the Times of Israel, which cited anonymous U.S. officials.



Iran escalated concerns by stating the expansion of the Israel-Hamas war seems inevitable, signaling a readiness for a broader conflict, as <a href="https://www.bloomberg.com/news/articles/2023-10-16/iran-says-expansion-israel-hamas-war-becoming-inevitable?sref=TBDibEcD">Bloomberg</a> reported. Iranian Foreign Minister Hossein Amir-Abdollahian wrote on X that the time for a political solution is running out. 



In a recent post on X, the United Nations issued a dire warning, describing the humanitarian situation in Gaza as rapidly approaching catastrophe. The Palestinian enclave is grappling with severe shortages of vital necessities, including water, food and medicines, while hospitals and ambulances are on the verge of running out of fuel.



Billionaire hedge fund investor Bill Ackman pointed fingers at Russia, suggesting potential involvement in the Israel-Hamas conflict. Citing what he described as an unnamed, trustworthy source, Ackman outlined three events he said link Russia to the war.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">From a source I trust: Events that point to Russian involvement in the Hamas attack on Israel: "1) A week before the escalation, Russian propaganda TV "Sputnik" launched a broadcasting TV channel in Lebanon in Arabic. 2) On September 24th, the Russian intelligence space…&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1713914763603005824?ref_src=twsrc%5Etfw">October 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Israel&#8217;s Market Reactions On Monday</h2>



Amidst the turmoil, the Israeli shekel experienced its sixth consecutive decline, breaching 4 shekels per U.S. dollar, marking an eight-year low. 



Israel-related stocks fell, with the iShares MSCI Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIS#NYSE">EIS</a>) falling 0.6% on Monday. The fund has shed over 10% of its value since the start of the conflict. 



A more tech-heavy fund proxy, Cathie Wood&#8217;s ARK Israel Innovative Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IZRL#NYSE">IZRL</a>) rose 0.6%, snapping a three-day losing streak.



The day&#8217;s top performer among Israeli stocks was Similarweb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMWB#NYSE">SMWB</a>), up 9.7%. The worst performing stock was Cellcom Israel Ltd. (OTCPK: CELJF), down 8.4%. 



<h2 class="wp-block-heading">Chart: Israeli Shekel Crosses 4 Per USD, Weakest In 8 Years </h2>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="509" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/10/16151631/USDILS_2023-10-16_20-16-03_a0966-1024x509.png" alt="" class="wp-image-124880" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/10/16151631/USDILS_2023-10-16_20-16-03_a0966-1024x509.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/10/16151631/USDILS_2023-10-16_20-16-03_a0966-300x149.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/10/16151631/USDILS_2023-10-16_20-16-03_a0966-768x382.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/10/16151631/USDILS_2023-10-16_20-16-03_a0966-1536x764.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/10/16151631/USDILS_2023-10-16_20-16-03_a0966.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Read now: <a href="https://www.benzinga.com/news/23/10/35270063/biden-pledges-support-for-israel-against-hamas-ukraine-against-putin-were-the-united-states-of-ameri">Biden Pledges Support For Israel Against Hamas, Ukraine Against Putin: &#8216;We&#8217;re The United States Of America For God&#8217;s Sake, The Most Powerful Nation In The History Of The World&#8217;</a>



Photo via Shutterstock.

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Monday, October 16, 2023