Stocks to watch: Intel, Ackerstein, and Middle East growth
As markets brace for a packed week of earnings and global macro developments, investors are paying close attention to both blue-chip names like Intel and lesser-known growth stocks from emerging Middle East markets. Here are the standout stocks to watch this week.
Intel (INTC): All eyes on Q2 earnings and chip strategy shift
Intel is set to report its second-quarter results this Thursday, and traders are watching key price levels as anticipation builds. The stock has rallied 20% from its June lows, buoyed by hopes of a turnaround under new CEO Lip-Bu Tan.
But recent reports suggest Intel may overhaul its foundry business — a move that could result in major write-offs. Analysts are watching closely for updates on this restructuring.
Key levels to watch:
- Support: $22 and $19
- Resistance: $26 and $30
- The stock remains in an ascending channel but has pulled back on declining volume, hinting at pre-earnings caution.
Emerging Middle East stocks gain traction amid tariff risk
Middle Eastern equities are drawing interest as the region navigates U.S. tariff threats and shifting oil dynamics. Egypt has reached record market highs, and Qatar’s index is nearing a two-year peak. This backdrop is elevating interest in a number of high-growth, under-the-radar stocks.
Ackerstein Group (ACKR.TA)
Sector: Infrastructure, Construction (Israel & U.S.)
Market Cap: ₪2.62B
With strong fundamentals and cross-border exposure, Ackerstein stands out as a resilient name amid broader regional volatility.
Etihad Atheeb Telecommunication
Revenue growth: 36.24%
Earnings growth: 62.25%
This Saudi telecom player is seeing rapid gains as broadband demand grows. The stock has a high-quality balance sheet and strong margin performance.
Enma Al Rawabi
Earnings growth (YoY): 60.5%
Valuation: Trading 74% below estimated fair value
A Saudi real estate developer with a diverse revenue mix and low debt, Enma is poised for potential upside but comes with volatility risk.
Other notable names include Besler Gida (Turkey), C. Mer Industries (Israel), and Nofoth Food Products (Saudi Arabia) — all showing double-digit earnings growth and robust financial health ratings.
Sector outlook: Where investors are rotating next
With tech valuations running high and global trade uncertainties growing, investors are increasingly diversifying into overlooked international sectors and value plays. Middle Eastern markets, especially in telecom, construction, and food sectors, offer potential as they outperform traditional benchmarks.
Meanwhile, mega-cap earnings from Alphabet and Tesla later this week will provide a read on market sentiment at large. Strong results could boost U.S. growth stocks even further — but any disappointments may drive rotation toward emerging markets and lower-beta names.
What to watch next
Keep an eye on:
- Intel’s earnings call for clarity on foundry plans
- Alphabet and Tesla earnings mid-week
- Ongoing U.S.-EU trade developments ahead of the Aug. 1 tariff deadline
- Further upside in Middle East indices if oil holds steady and capital flows persist