What Happened?

A number of stocks fell in the afternoon session as 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.

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) fell 4.6%. Is now the time to buy Advanced Energy? Access our full analysis report here, it’s free.
• Vehicle Parts Distributors company FTAI Aviation (NASDAQ: FTAI) fell 4.6%. Is now the time to buy FTAI Aviation? Access our full analysis report here, it’s free.
• Aerospace company Astronics (NASDAQ: ATRO) fell 4.7%. Is now the time to buy Astronics? Access our full analysis report here, it’s free.
• Engineering and Design Services company EMCOR (NYSE: EME) fell 4.8%. Is now the time to buy EMCOR? Access our full analysis report here, it’s free.
• Engineering and Design Services company Dycom (NYSE: DY) fell 4.8%. Is now the time to buy Dycom? Access our full analysis report here, it’s free.

Zooming In On Dycom (DY)

Dycom’s shares are somewhat volatile and have had 10 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 10 days ago when the stock dropped 5.7% on the news that geopolitical tensions in the Middle East raised concerns over higher inflation and a potential economic slowdown. 

The conflict, involving the U.S., Israel, and Iran, caused a surge in energy prices, directly impacting industrial and materials companies by increasing costs for transportation, logistics, and manufacturing. Investors were concerned that sustained high oil prices could put further pressure on inflation, complicating the economic outlook. The broader market sentiment turned negative, with Wall Street heading for a fourth consecutive weekly loss as investors weighed these geopolitical risks. This environment is particularly challenging for cyclical sectors like industrials, which are sensitive to changes in global economic demand and input costs.

Dycom is down 6.4% since the beginning of the year, and at $325.20 per share, it is trading 24.3% below its 52-week high of $429.73 from February 2026. Despite the year-to-date decline, investors who bought $1,000 worth of Dycom’s shares 5 years ago would now be looking at an investment worth $3,642.

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