What Happened?
A number of stocks jumped in the morning session after markets rebounded, driven by stabilizing oil prices and reports that President Trump was considering an end to the military conflict in Iran.
According to The Wall Street Journal, the president communicated to aides his willingness to de-escalate military hostilities, even if the strategically important Strait of Hormuz remained partially closed. This news helped soothe investor concerns about a prolonged conflict and its potential to spike energy costs, which can impact industrial operations and consumer spending. The positive shift in sentiment was reflected across major indexes, with the S&P 500 jumping over 1% as oil prices retreated from their recent highs.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Electronic Components company Advanced Energy (NASDAQ: AEIS) jumped 3.1%. Is now the time to buy Advanced Energy? Access our full analysis report here, it’s free.
- Marine Transportation company Matson (NYSE: MATX) jumped 2.8%. Is now the time to buy Matson? Access our full analysis report here, it’s free.
- Engineering and Design Services company MasTec (NYSE: MTZ) jumped 2.7%. Is now the time to buy MasTec? Access our full analysis report here, it’s free.
- Renewable Energy company FuelCell Energy (NASDAQ: FCEL) jumped 3.1%. Is now the time to buy FuelCell Energy? Access our full analysis report here, it’s free.
- Construction and Maintenance Services company Primoris (NYSE: PRIM) jumped 3.9%. Is now the time to buy Primoris? Access our full analysis report here, it’s free.
Zooming In On Primoris (PRIM)
Primoris’s shares are quite volatile and have had 19 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was about 21 hours ago when the stock dropped 7.2% on the news that markets reacted to President Trump's threat to "completely obliterate" Iran's energy infrastructure and the critical Kharg Island hub. The ultimatum raised the specter of a total energy supply shock. Notably, Kharg Island handles 90% of Iran's crude exports. The escalating rhetoric, including potential ground force deployment to seize fuel hubs, drove a flight to safety.
Primoris is up 7.1% since the beginning of the year, but at $139.83 per share, it is still trading 17.4% below its 52-week high of $169.36 from February 2026. Investors who bought $1,000 worth of Primoris’s shares 5 years ago would now be looking at an investment worth $4,221.
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