What Happened?
A number of stocks jumped in the afternoon session after investors wagered geopolitical tension would be contained following the U.S. military's operation in Venezuela, with the Dow hitting a fresh record.
Sentiment remained firmly "risk-on" for early 2026, with Wall Street prioritizing domestic economic strength over foreign turbulence. Analysts noted that while the event raises short-term supply questions, the market largely viewed the potential stabilization of Venezuela's vast oil reserves as a long-term economic positive.
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:
- Gaming Solutions company Churchill Downs (NASDAQ: CHDN) jumped 2.8%. Is now the time to buy Churchill Downs? Access our full analysis report here, it’s free for active Edge members.
- Casino Operator company Boyd Gaming (NYSE: BYD) jumped 3.2%. Is now the time to buy Boyd Gaming? Access our full analysis report here, it’s free for active Edge members.
- Home Furnishings company Mohawk Industries (NYSE: MHK) jumped 2%. Is now the time to buy Mohawk Industries? Access our full analysis report here, it’s free for active Edge members.
- Travel and Vacation Providers company Wyndham (NYSE: WH) jumped 3%. Is now the time to buy Wyndham? Access our full analysis report here, it’s free for active Edge members.
- Travel and Vacation Providers company Marriott Vacations (NYSE: VAC) jumped 2%. Is now the time to buy Marriott Vacations? Access our full analysis report here, it’s free for active Edge members.
Zooming In On Boyd Gaming (BYD)
Boyd Gaming’s shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 9 months ago when the stock gained 6.8% on the news that the company reported strong first-quarter 2025 results, with revenue, EBITDA, and earnings per share all coming in above Wall Street's expectations, despite weather disruptions and a tough comparison to last year's leap year bump. The real story was the 20% jump in online segment revenue, now a vital part of Boyd's growth engine, fueled by higher contributions from digital casino games. Overall, this quarter had some key positives.
Boyd Gaming is up 2.6% since the beginning of the year, and at $88.41 per share, has set a new 52-week high. Investors who bought $1,000 worth of Boyd Gaming’s shares 5 years ago would now be looking at an investment worth $2,056.
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