Israeli fence-tech company doing great after Trump win

As the global financial market felt the results of the US elections on November 9, many stocks in many sectors plummeted while others, mainly in the fossil fuel and security and defense markets, experienced a substantial boost. One such Israeli company, Magal Security Systems, experienced a 6% rise overnight on NASDAQ, eventually capping at 19%.

“Trump’s victory brings great opportunities for anyone in the security and defense market,” Magal CEO Saar Koursh told The Jerusalem Post in an interview. “I’m not taking a political position here, I’m merely noting as a CEO of a security company: When you have an administration that is more security-oriented and will allocate budgets to that end, many in the market including us will enjoy that.”

Source: http://www.jpost.com/Israel-News/Israeli-fence-tech-company-doing-great-after-Trump-win-473093

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