What Happened?

A number of stocks fell in the afternoon session after the Dow Jones Industrial Average fell as much as 0.7%, reflecting lingering uncertainty, and capping off a volatile week which saw stocks enjoy some relief as President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs. 

Threats of tariffs initially created uncertainty for businesses, as they can lead to higher costs for multinational corporations and disrupt global supply chains. By withdrawing the threat, the administration removed a significant headwind for the market, prompting a relief rally. This development was a key factor in helping major indexes recover from earlier losses, even as some analysts noted that underlying geopolitical risks and market volatility remain concerns for investors.

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:

• Marine Transportation company Pangaea (NASDAQ: PANL) fell 3.1%. Is now the time to buy Pangaea? Access our full analysis report here, it’s free.
• Electronic Components company Advanced Energy (NASDAQ: AEIS) fell 5.8%. Is now the time to buy Advanced Energy? Access our full analysis report here, it’s free.
• Custom Parts Manufacturing company 3D Systems (NYSE: DDD) fell 6.9%. Is now the time to buy 3D Systems? Access our full analysis report here, it’s free.
• General Industrial Machinery company Luxfer (NYSE: LXFR) fell 4.2%. Is now the time to buy Luxfer? Access our full analysis report here, it’s free.
• Engineered Components and Systems company NN (NASDAQ: NNBR) fell 7.4%. Is now the time to buy NN? Access our full analysis report here, it’s free.

Zooming In On NN (NNBR)

NN’s shares are extremely volatile and have had 55 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 1 day ago when the stock gained 4.8% on the news that the US president announced a framework for a future deal with Greenland. 

Wall Street saw a broad-based rally, with the S&P 500 gaining 1.2% as investor concerns over global trade tensions eased. The positive sentiment followed an announcement that reversed course on plans to impose tariffs linked to Greenland, which had caused steep market losses earlier in the week. This recovery reflected renewed optimism in the market, as the threat of a widening trade conflict appeared to subside, encouraging investors to move back into equities.

NN is up 11.6% since the beginning of the year, but at $1.50 per share, it is still trading 57% below its 52-week high of $3.48 from February 2025. Investors who bought $1,000 worth of NN’s shares 5 years ago would now be looking at an investment worth $246.70.

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