What Happened?
A number of stocks fell in the afternoon session after the broader market tumbled in morning trading as geopolitical tensions in the Middle East sent crude oil prices soaring above $100 a barrel.
The unease among investors stemmed from the U.S.-Israel conflict with Iran, which intensified concerns over severe supply chain disruptions. With oil prices breaching the key psychological barrier of $100, major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all opened significantly lower. The uncertainty weighed on the economic outlook, with Goldman Sachs cutting its growth forecast and citing a 25% chance of a recession in the next year. This risk-off sentiment reflected fears that sustained high energy prices could fuel inflation and dampen economic activity, prompting investors to pull back from equities.
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:
- Ground Transportation company ArcBest (NASDAQ: ARCB) fell 6.2%. Is now the time to buy ArcBest? Access our full analysis report here, it’s free.
- Law Enforcement Suppliers company Cadre (NYSE: CDRE) fell 8.2%. Is now the time to buy Cadre? Access our full analysis report here, it’s free.
- Ground Transportation company Old Dominion Freight Line (NASDAQ: ODFL) fell 5.4%. Is now the time to buy Old Dominion Freight Line? Access our full analysis report here, it’s free.
- Ground Transportation company Saia (NASDAQ: SAIA) fell 7.1%. Is now the time to buy Saia? Access our full analysis report here, it’s free.
- HVAC and Water Systems company Advanced Drainage (NYSE: WMS) fell 5%. Is now the time to buy Advanced Drainage? Access our full analysis report here, it’s free.
Zooming In On Cadre (CDRE)
Cadre’s shares are somewhat volatile and have had 14 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 dropped 13% on the news that it reported fourth-quarter 2025 results that fell short of analyst expectations for both earnings and revenue. Cadre reported earnings of $0.27 per share, which missed the consensus estimate of $0.40. Revenue for the quarter was $167.2 million, also below the forecast of $184.3 million. This revenue figure represented a 5% decrease compared to the same period in the previous year. Although the company provided a sales forecast for 2026 that was above expectations, the disappointing quarterly performance overshadowed the optimistic guidance, prompting a negative investor reaction.
Cadre is down 22.6% since the beginning of the year, and at $31.82 per share, it is trading 30.9% below its 52-week high of $46.07 from March 2026. Investors who bought $1,000 worth of Cadre’s shares at the IPO in November 2021 would now be looking at an investment worth $2,081.
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