Titan International, Richardson Electronics, RTX, Hilton Grand Vacations, and CONMED Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after a new trade agreement between the United States and Japan spurred a broad market rally.
The positive sentiment swept across markets after it was announced the U.S. and Japan had reached a new trade deal. The agreement included a 15% tariff on Japanese goods imported into the U.S. and a commitment from Japan to invest $550 billion in the U.S. and open its markets to American cars and agricultural products. This development boosted investor confidence and contributed to a widespread rally, lifting stocks across many sectors. The Dow Jones Industrial Average and the S&P 500 both posted gains, creating a favorable environment that likely benefited individual stocks.
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:
Agricultural Machinery company Titan International (NYSE:TWI) jumped 4.1%. Is now the time to buy Titan International? Access our full analysis report here, it's free.
Specialty Equipment Distributors company Richardson Electronics (NASDAQ:RELL) jumped 4.7%. Is now the time to buy Richardson Electronics? Access our full analysis report here, it's free.
Defense Contractors company RTX (NYSE:RTX) jumped 4.7%. Is now the time to buy RTX? Access our full analysis report here, it's free.
Travel and Vacation Providers company Hilton Grand Vacations (NYSE:HGV) jumped 4.4%. Is now the time to buy Hilton Grand Vacations? Access our full analysis report here, it's free.
Surgical Equipment & Consumables - Diversified company CONMED (NYSE:CNMD) jumped 3.8%. Is now the time to buy CONMED? Access our full analysis report here, it's free.
Zooming In On Richardson Electronics (RELL)
Richardson Electronics's shares are somewhat volatile and have had 10 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 biggest move we wrote about over the last year was 7 months ago when the stock dropped 12.3% on the news that the company reported underwhelming fourth-quarter (fiscal Q2 2025) results. Its revenue missed significantly, and its EBITDA fell short of Wall Street's estimates. Management attributed the weakness to a 22% decline in Healthcare sales due to lower CT tube, system, and parts demand. Overall, this was a challenging quarter.
Richardson Electronics is down 28.8% since the beginning of the year, and at $10.07 per share, it is trading 32.3% below its 52-week high of $14.87 from January 2025. Investors who bought $1,000 worth of Richardson Electronics's shares 5 years ago would now be looking at an investment worth $2,427.
Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
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