Wall Street opens steadily; Oil prices are climbing

17:15

Siva’s share is now down about 7.7%, despite the positive reports it published today. The company, which develops technology for designing chips, surpassed analysts’ forecasts both in the revenue line and in the profit line, jumping by 115% in recent weeks.

16:47

stock Odyssey which develops AI-based solutions for the monitoring and maintenance of components, infrastructures and machines, jumps both in Tel Aviv and at the opening of trading on Nasdaq by more than 100%. The company published an announcement on the signing of a joint research and development agreement (CRADA) with the aircraft division of the US Navy. The agreement establishes formal cooperation with the aim of promoting technologies designed to improve the readiness of the US Navy.

stock monday Jumps by about 16%, after publishing strong results for the first quarter of 2026, with continued double-digit growth and improved profitability.

16:35

Wall Street opens the trading day close to the base levels. The S&P 500 and the Dow Jones are down about 0.1% each, and the Nasdaq is down 0.2%.

At the same time, oil prices are climbing today following US President Donald Trump’s rejection of Iran’s latest offer to end the war. Brent crude oil contracts are up about 2% and their price is now around $103 per barrel; American crude oil (WTI) contracts are up 1.8% and their price is around $96 per barrel.

15:52

stock Siva Jumped in recent weeks by 115%, and the reports published today continue the positive trend in the stock. Siva, which develops technology for chip design, surpassed analysts’ forecasts in both the revenue line and the profit line. Revenues grew by 11.5% to $27 million, thanks to an 18.5% growth in licensing revenue alongside stagnation in royalty revenue. The company stated that the AI ​​field accounts for over 20% of licensing revenues and showed strong growth.

Siva’s net loss increased compared to the corresponding quarter to $4.5 million, but on a non-GAAP basis net profit was recorded at $1.1 million, which is 4 cents per share, while analysts expected 2 cents.

Investment bank Cantor raises its target prices for Israeli chip equipment stocks Nova andCamtech while remaining positive on Nova shares and neutral on Camtech. The recommendation for Nova is “excessive yield” and the price rises from $525 to $600, a 15.2% premium, and Cantor expects a quarter with an overshoot and a moderate increase in forecasts, with orders for 2027 strengthening investor confidence. At Kemtek, the target price rises from $160 to $175, 14.5% lower than the price on Nasdaq. In their estimation at Kemtek, the risk-opportunity ratio is negative, and they are cautious about the company’s ability to make forecasts.

14:26

The Israeli Monday stock jumps by over 20% following the quarterly report. It posted strong results for the first quarter of 2026, with continued double-digit growth and improved profitability.

The company’s revenues amounted to 351.3 million dollars, an increase of 24% compared to the corresponding period last year. Operating profit according to GAAP rules was $19.8 million, almost double from the first quarter of 2025, when the operating profitability rate improved to 6% compared to 3%.

The adjusted operating profit reached 49 million dollars, with a profitability rate of 14% – no change from last year, despite a 1.9 percentage point impact as a result of currency effects.

Net profit per share (GAAP) was $0.57-0.58, compared to $0.52-0.54 last year. At the adjusted level, earnings per share rose to $1.15-1.17, a slight improvement compared to last year.

In terms of cash flow, the company generated $104.7 million from current operations and $102.8 million in adjusted free cash flow – a slight decrease compared to last year, when the figures were $112 million and $109.5 million, respectively.

Overall, the report presents a combination of strong growth, improvement in GAAP profitability, and stability in adjusted profitability – along with a slight erosion in cash flow.

14:18

Wall Street contracts are now steady heading into afternoon trading.

While geopolitics continue to dominate the headlines, last week markets demonstrated a focus on economic fundamentals, led by corporate earnings – which pushed stocks to new highs. This optimism is supported by signs that the economy remains stable, with labor market data that indicated an improvement in hiring momentum, alongside corporate earnings that continue to surprise favorably, especially AI-related companies that led the recent rally.

The S&P 500 index rose 0.8% on Friday and completed a weekly increase of 2.4%, while the Nasdaq jumped 1.7% on Friday and 4.5% for the entire week. In contrast, the Dow Jones finished the week relatively stable with a 0.4% increase. The chip index’s jump in particular stood out (+11% this week and +65% since March 30), supported by strong reports from AMD, which reported high demand for AI agents.

The employment report for the month of April was a pleasant surprise and allayed fears of an imminent slowdown in the American labor market, this despite the continuation of manpower cuts in the technology industry against the background of the penetration of AI. At the same time, a surge in chip stocks and companies that support artificial intelligence infrastructure in the US continued to lead the positive trend in the markets.

Now, the focus of investors is shifting from the report season to the macro data, chiefly inflation. The Consumer Price Index (CPI) for the month of April is expected to indicate an acceleration to 3.8% compared to 3.3% the previous month, mainly due to a jump in energy prices.

At the same time, the geopolitical arena will also remain in focus, when Trump is expected to visit Beijing together with American industry executives. The visit comes after a ruling by an international court that canceled the sweeping 10% tariffs imposed by the American government, a development that may affect trade relations and markets in the near future.

10:33

Trade in Europe opened tentatively and as a gift for geopolitical openings in the negotiations between Iran and the USA. Frankfurt is unchanged, Paris sheds about 0.3%, London rises by a similar rate.

Wall Street contracts also moved lower after Wall Street finished another strong week. At the same time, oil prices are rising against the backdrop of worsening geopolitical tensions, after President Trump rejected Iran’s latest proposal aimed at promoting an end to the ongoing conflict.

In the background, tensions between the parties remain high after reports that Iran submitted an updated proposal for negotiations with the US, which includes a call for an end to the conflict and the lifting of sanctions on Tehran, according to the Iranian news agency Tasnim News Agency.

Trump reacted harshly on the Truth Social network and called the Iranian proposal “unacceptable”.

08:50

In Asia this morning there is a mixed trend, with the Kospi index in South Korea jumping over 4% to a record and leading the gains, against the background of rising oil prices and worsening tensions between the US and Iran. The index jumped by about 4.7%, while the Kosdaq index of small shares weakened by about 0.3%. The SK Hynix stock stands out with a jump of more than 10%, following the rally in chip stocks in the US.

In Japan, the Nikkei index traded slightly lower, where Nintendo’s stock fell after the company announced a price increase for the Switch 2 console alongside an expected decline in sales.

In China, the CSI 300 index rose by about 0.58%, while the Hang Seng Index in Hong Kong weakened by about 0.48%. Investors also reacted to higher-than-expected inflation figures in China, against the backdrop of rising commodity prices linked to the escalation in the Middle East.

The contracts on Wall Street are down slightly by up to 0.2%, with an increase in oil prices in the background following the worsening of geopolitical tensions.

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Despite this on Wall Street, while geopolitics continue to dominate the headlines, the markets demonstrated a focus on economic fundamentals, led by corporate earnings – which pushed stocks to new highs. This optimism is supported by signs that the economy remains stable, with labor market data that indicated an improvement in hiring momentum, alongside corporate earnings that continue to surprise favorably, especially AI-related companies that led the recent rally.

The S&P 500 index rose 0.8% on Friday and completed a weekly increase of 2.4%, while the Nasdaq jumped 1.7% on Friday and 4.5% for the entire week. In contrast, the Dow Jones finished the week relatively stable with a 0.4% increase. The chip index’s jump in particular stood out (+11% this week and +65% since March 30), supported by strong reports from AMD, which reported high demand for AI agents.

The employment report for the month of April was a pleasant surprise and allayed fears of an imminent slowdown in the American labor market, this despite the continuation of manpower cuts in the technology industry against the background of the penetration of AI. At the same time, a surge in chip stocks and companies that support artificial intelligence infrastructure in the US continued to lead the positive trend in the markets.

Now, the focus of investors is shifting from the report season to the macro data, chiefly inflation. The Consumer Price Index (CPI) for the month of April is expected to indicate an acceleration to 3.8% compared to 3.3% the previous month, mainly due to a jump in energy prices.

At the same time, the geopolitical arena will also remain in focus, when Trump is expected to visit Beijing together with American industry executives. The visit comes after a ruling by an international court that canceled the sweeping 10% tariffs imposed by the American government, a development that may affect trade relations and markets in the near future.

In the U.S. government bond market, yields remained relatively stable, with the 10-year yield falling by 2 basis points to 4.35%. In contrast to stocks that are breaking records, bond yields remained high compared to the period before the war with Iran, among other things due to a continuing decline in expectations for interest rate reductions – in Phoenix they mention that before the war the markets priced in more than two reductions by the end of the year, while now Price stability in interest.

In Europe – the drop in energy prices this week supported the drop in the bond yields of the European countries, and the moderation of the inherent probability in the markets of raising the ECB interest rate at the upcoming meeting in June to below 80%. On a more hawkish note, the governor of Germany’s central bank said that the ECB will be required to raise interest rates in June “if the inflation forecast does not improve substantially”, and according to Bank Hapoalim, the market is still pricing in about 2.5 interest rate increases in the sum of 2026.

In the US, the key figure this week is expected to be inflation, which may present a worrisome picture. According to estimates, overall inflation will be 3.8% when the increase in energy prices is already beginning to seep into transportation costs and later also into food prices – which may burden households.