What Happened?
A number of stocks jumped in the afternoon session after Trump's Iran peace signal offered more credible prospect of ending a three-month supply-chain disruption that squeezed manufacturers, logistics companies, and commodity processors since the Strait of Hormuz effectively closed in late February.
Cyclical stocks led the broader rally, with the VIX falling 12.5% to 19.44, a sign that investors were broadly repricing geopolitical risk lower. The Strait handles roughly 20% of global seaborne oil; its closure forced rerouting at significant cost while elevating energy-input costs for industrial producers. Lower oil, WTI at $87.71 from a wartime peak near $100, directly reduces operating costs across manufacturing, chemicals, and transportation. The rate hike probability falling from 51% to 36% additionally improved the financing environment for capital-intensive industrials that have deferred investment decisions.
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:
- Renewable Energy company Array (NASDAQ: ARRY) jumped 6.1%. Is now the time to buy Array? Access our full analysis report here, it’s free.
- Renewable Energy company ChargePoint (NYSE: CHPT) jumped 6.6%. Is now the time to buy ChargePoint? Access our full analysis report here, it’s free.
- Heavy Transportation Equipment company Wabash (NYSE: WNC) jumped 4.8%. Is now the time to buy Wabash? Access our full analysis report here, it’s free.
Zooming In On ChargePoint (CHPT)
ChargePoint’s shares are extremely volatile and have had 47 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 22 days ago when the stock gained 9.5% on the news that the company announced the appointment of Jyothi Swaroop as its new Chief Marketing and Growth Officer.
In this role, Swaroop will lead the company's global go-to-market strategy, overseeing marketing, sales enablement, growth initiatives, and new market expansion. Swaroop joins the electric vehicle charging solutions provider at a pivotal moment as it aims to accelerate its global growth and strengthen its position as a category leader.
ChargePoint is up 1.4% since the beginning of the year, but at $7.14 per share, it is still trading 53.4% below its 52-week high of $15.32 from June 2025. Despite the year-to-date gain, investors who bought $1,000 worth of ChargePoint’s shares 5 years ago would now be looking at only $11.97.
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