Byrna, Methode Electronics, Globalstar, Amplitude, and Dine Brands Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes. This development triggered a significant decline in oil prices, easing inflation concerns.
Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week.
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:
Law Enforcement Suppliers company Byrna (NASDAQ:BYRN) jumped 6.7%. Is now the time to buy Byrna? Access our full analysis report here, it's free.
Electrical Systems company Methode Electronics (NYSE:MEI) jumped 6.6%. Is now the time to buy Methode Electronics? Access our full analysis report here, it's free.
Satellite Telecommunication Services company Globalstar (NASDAQ:GSAT) jumped 5.5%. Is now the time to buy Globalstar? Access our full analysis report here, it's free.
Data Analytics company Amplitude (NASDAQ:AMPL) jumped 5.2%. Is now the time to buy Amplitude? Access our full analysis report here, it's free.
Sit-Down Dining company Dine Brands (NYSE:DIN) jumped 5%. Is now the time to buy Dine Brands? Access our full analysis report here, it's free.
Byrna's shares are extremely volatile and have had 74 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 20 days ago when the stock gained 5.9% on the news that the major indices rebounded (Nasdaq +2.0%, S&P 500 +1.5%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025.
Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand.
Byrna is up 10.9% since the beginning of the year, and at $31.42 per share, it is trading close to its 52-week high of $34.19 from February 2025. Investors who bought $1,000 worth of Byrna's shares 5 years ago would now be looking at an investment worth $2,123.
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But over the years, she's built a following of more than 100,000 on Instagram and brought finance content to a younger demographic than most finance gurus typically reach. As a first-generation daughter of Filipino immigrants, Anat said she is familiar with the obstacles women like her have historically faced in their pursuit of financial freedom. 'It was, like, a generation and a half ago that we couldn't even get our own credit cards,' she said. 'So there's so much catching up that women have to do, not because we're worse at money or we're worse at logistics or math, [but] because we were structurally, purposefully held back from understanding money, accessing our own money and becoming empowered with our own money.' Yet women tend to internalize that knowledge gap, leading them to adopt the identity of being 'bad at money,' Anat said. 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But with the current administration 'getting more and more into heated situations internationally,' and Gen Z falling further into debt with little prospects for home ownership or sustainable retirement, Samoylovich is fearful about the economic future of the U.S. In a recent Advisor Authority study, 40% of surveyed Gen Z investors said they felt worried about their ability to pay their bills in the next 12 months, citing loans and debts as a competing financial priority. Additionally, 77% of the GenZers reported being concerned about a U.S. economic recession in the same time frame. Anat said people have even started leaving comments on her years-old videos asking her to explain what stagflation is or how to prepare for a recession. Given the widespread panic, she said it's 'all hands on deck' for online finance educators. Baker has also seen increased traffic on Dow Janes' socials, with the Million Dollar Year program's enrollment on the rise and skewing younger than in previous years. (The startup's typical demographic is women between 30 and 50 years old.) Among Dow Janes' 8,000 current program members, Baker said anxiety is mounting. As for what they should do in the face of all this economic uncertainty, Baker said, 'What we always come back to is, control what you can control.' Maybe tariffs do upend the market, she said, but 'if you're investing for a long enough time horizon, generally, historically, the market is up over time.'
