Increases in European stock markets; Slight increases in contracts in New York

15:08

stock you discovered reached a peak of more than two decades earlier this week, but after the publication of today’s reports the stock weakened in early trading on Nasdaq and Tel Aviv. Gilat, which provides solutions and services for satellite communication networks, published mixed reports: revenues were lower than analysts’ forecasts but earnings per share were much higher than them.

The company presented a 20% growth for revenues of approximately $110 million, recorded a net profit of $5.2 million compared to a loss in the corresponding quarter, and the Non-GAAP net profit increased from $1.8 million in the corresponding quarter to $13.6 million in the first quarter of 2026, reaching 18 cents per share. Gilat confirms the annual forecast and anticipates revenues of 500-520 million dollars and EBITDA of 61-66 million dollars.

14:27

Risquiped Beat the forecasts in the first quarter and raise the lower bar of the revenue and EBITDA forecast for the whole year. The fintech company reported a 7.1% growth in revenue to $88.3 million, a reduction of the net loss according to accounting rules to $4.2 million, and a Non-GAAP net profit of $7.7 million, which is 5 cents per share. The company expects annual revenues of 376-384 million dollars, and EBITDA of 28-34 million dollars. The previous forecast was for revenues of $372-384 million and EBITDA of $26-34 million.

14:26

The fintech company Global-E Online published reports for the first quarter and raised its annual forecast. The company presented a 32.8% growth in revenue to $252 million, higher than analysts’ forecasts, and went from a loss to a profit according to accounting rules, amounting to $30.4 million. On a non-GAAP basis, a net profit of $46.9 million was recorded, which is 27 cents per share, 2 cents above analysts’ forecasts, and EBITDA reached $50.2 million. The company expects annual revenues of 1.22-1.28 billion dollars, and EBITDA of 265.4-289.5 million dollars. This is an increase of about 1% in the revenue forecast and about 2% in the EBITDA forecast.

14:12

Dual ACL shares soar in early trading following the publication of the quarterly report. According to the report to investors published today (Wed), sales rose in the last quarter to 2 billion dollars, a 14% increase compared to the corresponding period last year. Adjusted EBITDA also increased by 15% to $412 million. The bottom line jumped even more, by 38%, to $126 million in the quarter.

This jump led ICL to update its forecasts for 2026: its adjusted EBITDA is expected to be $1.5-1.7 billion, compared to $1.4-1.6 billion in the previous forecast. The forecast for the absolute sales of potash remained similar.

Fertilizer prices have soared due to the war, but this effect is not yet reflected in the reports for the first quarter, and it may be possible to see them in the second quarter. ICL is still far from recovering the value it had before the dramatic changes made to the Dead Sea concession towards 2030.

11:00

As in Wall Street now, there are also increases in Europe – Frankfurt and London climb by 0.7%, Paris by 0.2%.

Softbank registered an annual profit of 46 billion dollars in the Vision Fund, mainly thanks to the jump in the value of its investment in OpenAI. The Japanese group invested over 30 billion dollars in OpenAI, when the profit on the investment alone reached about 45 billion dollars in the year that ended in March.

In the last quarter alone, the fund recorded a profit of about 20 billion dollars, almost entirely from the investment in OpenAI.

08:00

In Asia this morning, the trend is mixed: the Kospi index went up by about 1.2% after a negative opening, in Japan, the Nikkei index rose slightly, and the Hang Seng index in Hong Kong remained unchanged.

New York futures are now trading slightly higher.

Yesterday, Wall Street retreated from the highs against the backdrop of an increase in oil prices and higher than expected inflation figures in the US for the month of April. Nasdaq, which was already trading down about 2%, finished with a moderate drop of 0.6%, the S&P 500 fell by 0.1%, while the Dow Jones even closed with a small increase.

The declines were led by technology stocks, the ETF XLK decreased by 1.5%. On the other hand, there were increases inEnergy stocks andthe health .

The sharp rally in the stock markets since the war-induced trough is starting to show signs of overheating, especially in the technology stocks that led the gains. A jump of almost 70% in chip shares since the end of March has already sparked calls for restraint, amid fears that the conflict with Iran could slow growth and increase inflationary pressures.

Among other things, this is a “natural breath” after a particularly sharp rally in chip and AI stocks, which have soared strongly in recent times. Despite the declines now, stocks like Intel , Qualcomm andMicron Technology Still up more than 50% in the last month.

index Semiconductor SOX which also includes heavy names like Nvidia andBroadcom decreased by about 3%.

According to Jay Hatfield, CEO of Infrastructure Capital Advisors, this correction was almost inevitable after a particularly strong streak of reports: “Greed comes in report season, and fear follows.”

A bad day for Israelis on Wall Street:

Camtech fell in trading despite a good report. The decrease is explained by a forecast that is not seen as strong enough after such a big jump in the stock, which climbed over 130% in the last 12 months. At the Cantor Investment Bank, they estimated before the reports of Camtech that the numbers will be higher than the forecast. In Kantor’s estimation, Camtech would have to present an annual growth forecast of at least 25% for it to be “good enough”.

The trading and investment platform Ituro It also fell after concluding the first quarter of the year with a 19% growth in net revenue to $258 million, a 37% increase in net profit to $82 million and a 28% increase in adjusted net profit.

Via a company that provides solutions for smart public transportation, declined after recording a 29% growth in revenue in the first quarter alongside a 23% increase in net loss.

Another stock that gathered interest –

stock Game stop came down, aftereBay Rejected its hostile takeover offer of $56 billion. eBay expressed doubts about the credibility of the offer, and in a letter sent to Chairman and CEO Ryan Cohen stated that the offer is “untrustworthy and unattractive”.

stock Under Armor fell after the company reported a loss of 3 cents per share and revenues of $1.17 billion, significantly lower than analysts’ expectations of a loss of 2 cents and revenues of $1.68 billion.

stock and holding decreased, despite a quarterly report that surpassed market forecasts both on the top and bottom line. The company also reaffirmed its growth forecast, but investors chose to take profits after recent gains.

In the bond market in the USA – yesterday’s hot inflation figure increased the pressure on the bond market, and pushed the yields of the American treasury back towards the highs of the year. The yield on 10-year US government bonds rose to about 4.46%, as investors re-price higher inflation risk.

The increase in yields, which moves opposite to bond prices, comes against a background of growing pessimism regarding the prospect of an agreement between the US and Iran that will ease energy prices. At the same time, the market for interest rate contracts now indicates a probability of about 37% for another interest rate increase this year, compared to only about 24% the day before. A change that illustrates how quickly the market updates expectations in the face of inflationary pressures.

Veteran market strategist Ed Jordani says that investors calmly accept the rise in government bond yields, and ignore the inflation that results from the rising cost of energy following the war with Iran. According to him, the American bond is still seen as a safe haven asset, despite the many global risks.

However, Jordani warns that if yields continue to rise, Finance Minister Scott Besant may consider reducing long-term bond issuances and increasing Treasury bills issuances. According to him, “I don’t think they will let yields climb from 5% to 6% without a reaction.”

The UK bond market fell sharply, with long-term bond yields climbing to a nearly three-decade high, amid speculation about the future of Prime Minister Keir Strummer and renewed concerns about the country’s weakened fiscal position.

Government bonds (Gilts) fell all along the curve, with the 30-year yield briefly touching 5.81% – the highest level since 1998.

Oil prices are falling a little this morning after they crossed the $100 per barrel mark again yesterday The background of continued tensions surrounding the confrontation between the US and Iran, after President Trump said that the ceasefire agreement between the parties is on “artificial life”. At the same time, the Strait of Hormuz remains practically closed to tanker traffic, which increases the pressure on global stocks. Brent contracts rose by about 3.6% and are trading slightly below $108 per barrel, while WTI contracts jumped by a similar rate, above $101.5 per barrel.

Amin Nasser, CEO of Aramco, the world’s largest oil producer, said in an investor call that if the Strait of Hormuz remains blocked after mid-June, he predicts that the oil market will not stabilize until 2027. According to him, “Even in the most optimistic scenario, the energy and commodity supply chains will need several months to return to pre-conflict traffic volumes.” Nasser added that oil stocks are decreasing rapidly, which is especially true for products such as gasoline and jet fuel that “may reach critically low levels ahead of the summer travel and excursion season.”

Macro in the US, the consumer price index rose by 0.6% in April, which puts the annual inflation at 3.8%, above expectations for 3.7% and the highest rate since May 2023. The increase is mainly attributed to the increase in energy prices following the conflict with Iran.

According to market strategists, this is the second reading in a row above 3%, which signals that inflation is accelerating again, mainly due to high oil prices, which are expected to continue to affect the economic environment as long as tensions in the Middle East continue.

However, according to Yoni Penning, Chief Strategist, Mizrahi Tefahot Trading Room, the figure is not expected to significantly affect the Fed’s upcoming interest rate decisions. “The two upcoming decisions were and remain with a moderate probability of a lowering. But the rate curve is currently moving, so that if until recently the probability in the market was about 70% of an interest rate increase, during the coming year, now it stands at about 75% – this, according to Fanning, is not a figure that “a downward correction in oil prices will not neutralize.”

The person who will make the next interest rate decision is Kevin Warsh after the US Senate approved his appointment as a member of the Fed’s Board of Governors, in a move that brings him another step closer to the position of chairman of the central bank. The appointment was passed by a majority of 51 to 45. Warsh is now expected to stand for another vote tomorrow on the position of the chairman, when the governor’s term lasts 14 years, while the Fed chairman’s term is only for four years.