Seven Israeli Stocks Poised for a Spike

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 |  Includes: ALVR, BSI, CKSW, CMVT, ESLT, TEVA, WILC
by: Aaron Katsman

With the NFL set to kick-off later tonight, Israelnewsletter would like to provide our own list of touchdown stocks, or stocks we believe are poised for a big spike: These are stocks that will have you doing dances that will make Chad Johnson proud.

  • Teva Pharmaceuticals (NYSE:TEVA), the world’s leading generic drug producer, continues to win new FDA approvals and has a great pipeline. Currently trading with a P/E of 19.22, and PEG of 1.12 the stock is not expensive, and has plenty of room to run.
  • Alvarion (NASDAQ:ALVR), the world’s leading provider of WiMAX and wireless broadband solutions, has been signing deals like they are going out of style. With an expected 5-year earnings growth of 28% annually, and the increasing excitement over WiMax, Alvarion looks to soar.
  • Comverse Technology (NASDAQ:CMVT), one of our favorites at Israelnewsletter, has started to move up nicely. Renewed rumors of a potential M&A have surfaced, and today, Oppenheimer came out with a $27 target, saying,
    We anticipate that within the next few months, Comverse will be undertaking significant restructuring actions that could include major asset sales or spin-offs. In our opinion, one of Comverse’s key assets is its carrier voicemail business, which enjoys an estimated global market share of 46%. We view Comverse as a major beneficiary of the Apple (NASDAQ:AAPL) iPhone’s pending introduction in Europe. An announcement could occur as early as the end of this month.
  • G. Willi Food (NASDAQ:WILC), the Kosher food company, continues it’s impressive domestic growth, and is on schedule to break into the U.S. kosher food market as planned. The stock has dropped of late, and with a P/E under 20, it looks attractive. Plus, you have to eat while watching football.
  • Blue Square Israel (NYSE:BSI), is one of Israel's leading food and non-food chains and it has recently been suggested that they are about to enter into the Health food business. People need to eat when they watch football, and I have been told that there are also people who actually like eating healthy foods.
  • Elbit Systems (NASDAQ:ESLT), the Israeli defense manufacturer continues signing new deals at a break-neck pace. The defense industry certainly looks like a good space to invest going forward, and it is interesting to note the insiders hold 45% of Elbit stock.
  • After scoring a TD, we at Israelnewsletter are never satisfied with kicking an extra-point. We like to go for two. Our two-point conversion stock is:

  • ClickSoftware (NASDAQ:CKSW), a provider of mobile workforce management and service optimization solutions, is another company showing strong growth. The company raised guidance for annual revenue growth of about 26.5% to 29.5%, compared to the 20% growth projection given at the beginning of the year. This is not a stock for the weak of heart, but when going for a two-point conversion, you need to take a chance, and this is the stock for that.
  • Disclosure: The author has a position in TEVA, ALVR, CMVT.pk, WILC, ESLT of September 6,2007, but has no holdings in any other stock mentioned.