Economic Overview - The U.S. inflation rate has reached 3% in September, the highest level since January, with consumer prices rising by 0.3% in that month, up from an annual rate of 2.9% [1][9]. Investment Opportunities - Amid rising inflation, dividend growth stocks present a favorable investment option as their increasing payouts can help maintain purchasing power [2][9]. - Companies with a strong history of dividend growth tend to have robust financial health, providing a defensive hedge against economic uncertainty [4][5]. Selected Dividend Growth Stocks - Five dividend growth stocks identified as solid investment choices include: - **Vertiv (VRT)**: Expected revenue growth of 27.5% for 2025, long-term earnings growth rate of 30%, and an annual dividend yield of 0.08% [10][11]. - **Taiwan Semiconductor (TSM)**: Projected revenue growth of 33.8% for 2025, long-term earnings growth rate of 29.2%, and an annual dividend yield of 0.88% [11]. - **Oracle (ORCL)**: Anticipated revenue growth of 16.5% for fiscal 2026, long-term earnings growth rate of 17.2%, and an annual dividend yield of 0.71% [12]. - **Lam Research (LRCX)**: Expected revenue growth of 11.9% for fiscal 2026, long-term earnings growth rate of 19.6%, and an annual dividend yield of 0.69% [13]. - **Elbit Systems (ESLT)**: Projected revenue growth of 16.4% for 2025, long-term earnings growth rate of 23.3%, and an annual dividend yield of 0.51% [14]. Investment Criteria - Stocks selected for their strong fundamentals include criteria such as: - Positive 5-Year Historical Dividend Growth, Sales Growth, and EPS Growth [6][7]. - Price/Cash Flow ratio less than the industry average, indicating undervaluation [8]. - 52-Week Price Change greater than the S&P 500, ensuring better performance over the past year [8].

Core Viewpoint - Elbit Systems Ltd. will publish its third quarter 2025 financial results on November 18, 2025, and will host a conference call to discuss these results [1][2]. Financial Results Announcement - The financial results will be released on November 18, 2025, at 9:00 AM ET [1]. - A conference call will be held on the same day to review and discuss the results, with management available for questions [2]. Company Overview - Elbit Systems is a leading global defense technology company, providing advanced solutions for security and safety [4]. - The company employs approximately 20,000 people across five continents and reported revenues of $1,973 million for the three months ended June 30, 2025 [5]. - As of June 30, 2025, Elbit Systems had an order backlog of $23.8 billion [5].

Market Performance - The Tel Aviv Stock Exchange experienced an overall increase, with the Tel Aviv 35 Index rising by 1.07% to 3,208.01 points, and the Tel Aviv 125 Index increasing by 0.80% to 3,281.66 points [1] - The BlueTech Global Index saw a modest rise of 0.15% to 584.68 points, while the All Bond corporate bond index fell by 0.07% to 418.40 points [1] - Total turnover in equities reached NIS 3.27 billion, and in bonds, it totaled NIS 4.20 billion [1] Currency Exchange Rates - The shekel-dollar exchange rate decreased by 0.391% to NIS 3.324/$, and the shekel-euro rate fell by 0.838% to NIS 3.858/€ [2] Notable Company Movements - Bank Hapoalim led the market with a significant rise of 3.86%, accompanied by the highest trading turnover [2] - Other banks also saw increases: Bank Leumi rose by 3.03%, Mizrahi Tefahot Bank by 2.57%, and Israel Discount Bank by 2.97% [2] - Tower Semiconductor Ltd. recorded the largest increase on the Tel Aviv 35 Index, rising by 4.92% [3] - Phoenix Financial and Elbit Systems Ltd. also saw gains of 1.27% and 0.58%, respectively [3] - Conversely, Delek Group experienced the largest decline on the Tel Aviv 35 Index, falling by 2.32% [3] - Teva Pharmaceutical Industries Ltd. decreased by 0.92%, Nice fell by 0.43%, and Azrieli Group dropped by 1.43% [3]

Core Insights - The article emphasizes a strong foundation in fundamental analysis and the identification of undervalued companies with long-term growth potential [1] Investment Approach - The investment strategy combines value investing principles with a focus on long-term growth, advocating for the purchase of quality companies at a discount to their intrinsic value [1] - The approach encourages holding investments for an extended period to allow for compounding of earnings and shareholder returns [1]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Elbit Systems (ESLT) - Elbit Systems currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, ESLT shares increased by 1.15%, while the Zacks Aerospace - Defense Equipment industry rose by 1.72% [5] - In a longer timeframe, ESLT shares have gained 15.41% over the past quarter and 152% over the last year, significantly outperforming the S&P 500, which moved 8.12% and 17.38% respectively [6] Trading Volume - ESLT's average 20-day trading volume is 111,480 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the last two months, one earnings estimate for ESLT has increased, raising the consensus estimate from $11.35 to $12.10 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the positive momentum indicators and earnings outlook, Elbit Systems is positioned as a strong candidate for investment, reflected in its 2 (Buy) rating and Momentum Score of B [11]

Company Performance - Elbit Systems (ESLT) shares have increased by 7.2% over the past month, reaching a new 52-week high of $511.12, and have gained 97.5% since the start of the year, outperforming the Zacks Aerospace sector (33.3%) and the Aerospace - Defense Equipment industry (30.8%) [1] - The company has a strong record of positive earnings surprises, having beaten earnings consensus estimates in the last four quarters, with the latest EPS reported at $3.23 against a consensus estimate of $2.57, and revenue exceeding estimates by 4.43% [2] Earnings Forecast - For the current fiscal year, Elbit is expected to post earnings of $12.1 per share on revenues of $7.77 billion, reflecting a 38.13% increase in EPS and a 13.84% increase in revenues [3] - For the next fiscal year, earnings are projected to be $14.15 per share on revenues of $8.54 billion, indicating a year-over-year change of 16.94% in EPS and 9.91% in revenues [3] Valuation Metrics - Elbit's current valuation metrics show a Price-to-Earnings (P/E) ratio of 42.1X for the current fiscal year, which is above the peer industry average of 35.7X, and a trailing cash flow basis P/E of 41.2X compared to the peer group's average of 29X [7] - The stock has a PEG ratio of 1.81, which does not place it among the top echelon of stocks from a value perspective [7] Zacks Rank - Elbit currently holds a Zacks Rank of 2 (Buy) due to a solid earnings estimate revision trend, which aligns with the recommendation for investors to select stocks with Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B [8] - The company has a Value Score of C, a Growth Score of A, and a Momentum Score of B, resulting in a combined VGM Score of B [6] Industry Comparison - The Aerospace - Defense Equipment industry is performing well, ranking in the top 14% of all industries, providing favorable conditions for both Elbit and its peer, Moog Inc. (MOG.A), which also has a Zacks Rank of 2 (Buy) [11]

Market Performance - The Tel Aviv Stock Exchange experienced a significant rise, with the Tel Aviv 35 Index increasing by 2.70% to 3,116.75 points, and the Tel Aviv 125 Index rising by 3% to 3,161.33 points, following positive news regarding a potential deal to return hostages and end the Gaza conflict [1] - The All Bond corporate bond index rose by 0.19% to 413.19 points, with total turnover in equities reaching NIS 1.91 billion and NIS 4.08 billion in bonds [1] Currency Exchange Rates - The shekel-dollar exchange rate was set 0.658% higher at NIS 3.366/$, while the shekel-euro rate increased by 0.107% to NIS 3.929/€ [2] Leading Companies - Bank Leumi led the market with a rise of 4.59%, followed by Bank Hapoalim at 4.48%, Mizrahi Tefahot Bank at 4.79%, and Israel Discount Bank at 5.53% [2] - Phoenix Financial saw the largest increase on the Tel Aviv 35 Index, rising by 9.78%, while Menora Mivtachim rose by 6.21%, Harel Finance and Investments by 8.13%, and Clal Insurance Enterprise Holdings by 6.56% [3] Declining Companies - Nice experienced the largest decline on the Tel Aviv 35 Index, falling by 2.43%, followed by Nova Ltd. at 1.61% and Teva Pharmaceutical Industries at 2.02% [4]

Market Overview - The Tel Aviv Stock Exchange experienced a significant decline, with the Tel Aviv 35 Index falling 1.88% to 2,996.85 points, and the Tel Aviv 125 Index dropping 1.99% to 3,041.18 points. The BlueTech Global Index decreased by 0.79% to 549.76 points. The All Bond corporate bond index also fell by 0.10% to 410.84 points. Total turnover reached NIS 4.22 billion in equities and NIS 4.98 billion in bonds [1]. Currency Exchange Rates - In the foreign exchange market, the shekel-dollar rate was set 0.09% lower at NIS 3.34/$, while the shekel-euro rate increased by 0.147% to NIS 3.954/€ [2]. Company Performance - Bank Leumi led the market decline, falling 2.71% with the highest trading turnover. Other banks also saw significant drops: Bank Hapoalim decreased by 3.36%, Mizrahi Tefahot Bank fell by 3.16%, and Israel Discount Bank dropped by 3.29% [2]. - Clal Insurance Enterprise Holdings experienced the largest decline on the Tel Aviv 35 Index, falling 5.58%. Harel Finance and Investments decreased by 4.17%, and Phoenix Financial fell by 4.49%. Elbit Systems Ltd. also saw a decline of 5.23% [3]. - In contrast, Nice rose by 4.18%, marking the largest increase on the Tel Aviv 35 Index. Tower Semiconductor Ltd. increased by 1.41%, while Camtek fell by 0.93% [3]. - Outside the Tel Aviv 35 Index, El Al Israel Airlines Ltd. fell by 5.5%, while Aryt Industries rose by 1.37% [4].

Core Viewpoint - Elbit Systems Ltd. has received a 12-month extension for its shelf prospectus from the Israel Securities Authority, now valid until September 27, 2026, but has not yet decided on any securities offering [1][2]. Company Overview - Elbit Systems is a leading global defense technology company, providing advanced solutions for security and safety [5]. - The company employs approximately 20,000 people across five continents and reported revenues of $2.0 billion for the three months ending June 30, 2025, with an order backlog of $23.8 billion as of that date [6]. Securities Offering Details - No decision has been made regarding the offering of securities under the shelf prospectus, including the scope, terms, or timing of any potential offering [2]. - Any securities offered will not be registered under the U.S. Securities Act of 1933 and may only be offered in Israel, subject to registration or exemption [3]. Regulatory Information - The press release does not constitute an offer to sell or a solicitation to buy any securities [4].

Group 1 - The Spanish government has canceled a contract worth approximately €700 million (about 5.868 billion RMB) for the purchase of Israeli-designed rocket launcher systems [1] - The contract involved the acquisition of 12 high-mobility rocket artillery systems developed by Israel's Elbit Systems, which could have generated €150 million (about 1.258 billion RMB) for the company [1] - Spain has also officially canceled another contract for 168 anti-tank missile launchers valued at €287 million (approximately 2.406 billion RMB) that was to be produced by an Israeli company [3] Group 2 - The Spanish government is conducting a broader review to gradually eliminate Israeli weapons and technology from its armed forces [3] - Tensions between Spain and Israel have escalated, particularly following Israel's intensified military actions in Gaza, leading to Spain's announcement of a weapons embargo and other measures [3] - The measures include a permanent legal ban on arms, ammunition, and military equipment transactions with Israel, as well as restrictions on the entry of vessels and aircraft related to defense materials [3]