Investor Ideas Talks to BlueStar Indexes Founder and CIO Steven Schoenfeld about Israel's Tech sector and President Trump's Visit to the Middle East
Stocks discussed: $CHKP, $CYBR, $RDWR, $NICE, $VRNT, $WIX
Point Roberts, WA - June 5, 2017 (Investorideas.com Newswire) Investorideas.com, a global news source covering leading sectors including tech and defense talks to Steven Schoenfeld, founder and CIO of BlueStar Indexes about the tech sector and its growth story following recent events.
President Trump's recent visit to Jerusalem not only highlights the shared interests of both the U.S. and Israel, but also emphasizes the growth prospects of the Israeli economy.
BlueStar Indexes Founder and CIO Steven Schoenfeld said that Israel's tech sector, for instance, is already consolidated with America and that growth of exports to the U.S. will increase fivefold at least by the end of the decade with tech growing even faster.
Hear the full podcast interview: http://www.investorideas.com/Audio/Podcasts/060517-StevenSchoenfeld.mp3
"Already Israeli tech is incredibly well integrated with the U.S.," he said. "Usually once an Israeli tech company is founded, its first overseas base, usually for marketing and sales, is in the U.S. To me 5 x is not even that optimistic."
Some of this growth is coming from Israeli cybersecurity companies, which Schoenfeld said are strengthened by continued defense cooperation and interests between the two countries.
"The major Israeli cybersecurity companies have initiatives, or are participating, in U.S. defense department and private security contracts," he said. "Israeli cyber firms have formed an informal consortium to bid for bigger contracts in the U.S. and around the world, and we're seeing them win some of those contracts."
Schoenfeld said that if the proposed increase in the U.S. defense budget goes through, we could see a lot more growth in Israeli defense-related stocks, which may even play a part in President Trump's planned border wall with Mexico.
"The administration has proposed an incredibly ambitious increase in the defense budget. If that happens, even if half of it happens, some of that is going to flow to cybersecurity and actionable intelligence," he said. "Before there's concrete, physical walls being built, there could be investment in electronics and other detection technologies that Israelis excel at with their border security. That may be what we get on the U.S.-Mexico border, not a physical barrier but something that's much more electronics based. It's a lot easier to put that equipment in place than to build physical walls."
Schoenfeld also highlighted Israeli stocks experiencing strong secular growth, including cybersecurity and actionable intelligence companies.
"If you look at Check Point (CHKP), CyberArk (CYBR), Radware (RDWR), and actionable intelligence companies like NICE (NICE) and Verint (VRNT)--even though they have relatively high valuations, their growth rate is justifying those valuations," he said. "Similarly a company like Wix.com (WIX), which is the leader in do-it-yourself websites, is growing all over the world. Even though their clients start out using their free service, they're finding ways to upsell with added services that prove valuable to the client base."
BlueStar Indexes is a financial firm that specializes in developing and commercializing indexes and ETFs with a focus on the Israeli capital markets. BlueStar's mission is to provide global institutional and retail investors with thoughtfully designed proprietary and custom investment strategies for efficiently accessing the full range of Israeli asset classes. https://bluestarindexes.com/
Interview by Samuel Mowers, freelance writer for Investorideas.com
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