ITEQ News and Press, BlueStar Israel Technology From 12/27/22

Summary Technology suffered badly from compares against 2021 results. Currency can impact expenses as well as revenue, and that translation impact on expenses is not always detailed or quantified in an earnings release. The tech weakness and higher Treasury yields are resulting in s...

Summary Economic activity in the Middle East and North Africa (MENA) region is expected to sharply decelerate in 2023 after strong growth in 2022. For the MENA hydrocarbon importers group, we anticipate a real GDP growth slowdown from 4.2% in 2022 to 2.9% in 2023 and 3.1% in 2024. W...

Summary China’s inflection point began with the easing of access to credit in the property sector in October 2022. If the International Monetary Fund’s forecasts for resilient EM economic growth in 2023 prove to be correct, this should have a positive effect on revenue tre...

Summary Global business conditions worsened in the penultimate month of the year according to the JPMorgan Global Composite PMI, compiled by S&P Global. New order expansions were seen in merely three of the 21 sectors tracked by the global PMI - software & services, pharmaceutic...

Summary U.S. equity markets are grappling with the highest inflation in decades, critical central bank policy decisions, and slowing economic growth. Energy’s positive dispersion can be attributed to the outperformance of energy stocks this year, which has propelled the S&P E...

Summary U.S. midterm elections: Win, lose or draw for markets? What sectors may benefit from a divided government. Will equity markets get the post midterm election bump? For further details see: U.S. Midterm Elections: Win, Lose Or Draw For Markets? ...

Summary Why the declines in tech on the S&P 500 may be hiding strength in other sectors from investors. The energy sector may still provide opportunities for investors. Insurers are not suffering the same challenges as other financials in the current high-rate environment....

Summary Despite some headline misses in big tech, markets ended the week with a significant rally and the Dow realized its fourth consecutive winning week. This week, we get Q3 results from 167 S&P 500 companies from a smattering of sectors. November 3 is predicted to be t...

Summary Why some earnings results are surprising to the upside. Big tech is stumbling out of the earnings gate, and it was to be expected. The inflation factor: Good for some earnings, bad for others. Several U.S. bellwethers have reported their quarterly results. Wh...

Summary Do corporate earnings disappointments signal a weaker economy and easing inflation pressures, which could end this scary market—or are there more twists to come? When we look in detail at last week’s disappointing third-quarter reports from five of the bigges...