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.
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Asian Stocks Estimated Below Intrinsic Value In June 2025
Amidst escalating geopolitical tensions in the Middle East and ongoing trade discussions, Asian markets have been navigating a complex landscape, with mixed performances across major indices. As investors seek opportunities in this environment, identifying stocks that are potentially undervalued relative to their intrinsic value can be a strategic approach to capitalizing on market fluctuations. Name Current Price Fair Value (Est) Discount (Est) Taiwan Union Technology (TPEX:6274) NT$216.50 NT$424.21 49% StemCell Institute (TSE:7096) ¥1070.00 ¥2118.09 49.5% Shenzhen KSTAR Science and Technology (SZSE:002518) CN¥21.98 CN¥43.55 49.5% PixArt Imaging (TPEX:3227) NT$219.50 NT$436.51 49.7% Peijia Medical (SEHK:9996) HK$6.43 HK$12.71 49.4% Livero (TSE:9245) ¥1719.00 ¥3376.98 49.1% Good Will Instrument (TWSE:2423) NT$43.90 NT$87.32 49.7% Food & Life Companies (TSE:3563) ¥6579.00 ¥12942.09 49.2% Dive (TSE:151A) ¥917.00 ¥1832.47 50% cottaLTD (TSE:3359) ¥442.00 ¥866.08 49% Click here to see the full list of 292 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Here we highlight a subset of our preferred stocks from the screener. Overview: S&D Co., Ltd, with a market cap of ₩397.75 billion, develops and sells health functional food in South Korea. Operations: Revenue Segments (in millions of ₩): Estimated Discount To Fair Value: 23.1% S&D Co., Ltd is trading at ₩137,500, which is 23.1% below its estimated fair value of ₩178,875.67, indicating it may be undervalued based on cash flows. The company's earnings are forecast to grow significantly at 23.4% annually, outpacing the Korean market's average growth rate of 21%. Revenue growth is also expected to exceed market averages at 20.9% per year. However, recent share price volatility could pose risks for investors seeking stability. The analysis detailed in our S&D growth report hints at robust future financial performance. Click to explore a detailed breakdown of our findings in S&D's balance sheet health report. Overview: DPC Dash Ltd, along with its subsidiaries, runs a chain of fast-food restaurants in the People's Republic of China and has a market cap of HK$12.92 billion. Operations: The company generates revenue primarily from its chain of fast-food restaurants in the People's Republic of China, totaling CN¥4.31 billion. Estimated Discount To Fair Value: 17.9% DPC Dash Ltd, trading at HK$98.7, is priced 17.9% below its fair value estimate of HK$120.2, reflecting potential undervaluation based on cash flows. The company recently turned profitable with net income of CNY 55.2 million and expects earnings to grow significantly at 51.3% annually, surpassing the Hong Kong market's growth rate of 10.6%. However, significant insider selling over the past quarter could be a concern for investors evaluating stability and confidence in future performance. Our growth report here indicates DPC Dash may be poised for an improving outlook. Click here and access our complete balance sheet health report to understand the dynamics of DPC Dash. Overview: Peijia Medical Limited, with a market cap of HK$4.28 billion, focuses on the research, development, manufacturing, and sales of transcatheter valve therapeutic and neurointerventional procedural medical devices in the People's Republic of China. Operations: Peijia Medical generates revenue from its Neurointerventional Business, which accounts for CN¥355.55 million, and its Transcatheter Valve Therapeutic Business, contributing CN¥259.94 million. Estimated Discount To Fair Value: 49.4% Peijia Medical, trading at HK$6.43, is significantly undervalued based on cash flows with a fair value estimate of HK$12.71. Despite reporting a net loss of CNY 226.58 million in 2024, the company is expected to become profitable within three years and outpace market growth with projected revenue increases of 27.9% annually. Recent advancements include regulatory acceptance for innovative medical devices and successful clinical trials, potentially enhancing future revenue streams and investor confidence. Upon reviewing our latest growth report, Peijia Medical's projected financial performance appears quite optimistic. Take a closer look at Peijia Medical's balance sheet health here in our report. Delve into our full catalog of 292 Undervalued Asian Stocks Based On Cash Flows here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSDAQ:A260970 SEHK:1405 and SEHK:9996. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
37 minutes ago
- Yahoo
Alpari Report Gold above $3K: the appeal of safe haven assets in volatile times after 'Liberation Day'
LONDON, June 16, 2025 /PRNewswire/ -- In March, the spot price of gold rose above $3K where it has stayed, currently sitting above $3.4K. Apart from briefly exceeding this price a few days on 14 March and dropping again, this is the first time the asset has hit this record price. A key reason for the high price of gold is the current economic and geopolitical instability. The broker Alpari has put together a report on gold and other safe-haven assets, and why investors turn to them during periods of instability. One reason for gold's reliability as a safe haven asset is its scarcity, with over 90% of the world's gold already mined according to the World Gold Council. While it is only as recently as March that gold reached the landmark price of $3,000, it had already been reaching high prices in 2024. Central banks increasing their stocks of the precious metal was one key factor, with central banks around the world purchasing over 1,000 tonnes of gold last year. Uncertainty around what the effects of President Trump's tariffs and other policies will be has caused volatility, sending U.S. investors in particular in search of safe havens. From December 2024 to 17 February, almost 20 million ounces of gold had been imported into the country, according to the World Gold Council. Alpari's guide also includes an overview of how gold is priced and how it can be traded against different currencies. The worldwide benchmark is XAUUSD, or the price of 1 troy ounce gold quoted in U.S. dollars, but 'gold crosses' against currencies can also give traders the opportunity to make a profit based on differing gold prices around the world. In 2024, gold vs the U.S. dollar or XAUUSD climbed 27%. In contrast, due to the economic situation in Japan, with labour shortages and low interest rates, gold vs the yen or XAUJPY climbed by a much higher 42%. Alexey Efimov, Market Analyst at Alpari, comments: "Trade war fears and central bank purchases should ensure that bullion's supportive drivers remain intact. The evident risks on the global landscape are playing to gold's strengths and amplifying its time-tested virtues, be it as a safe haven or an inflation hedge. About Alpari: Alpari is a long-established leader in online financial trading. They pioneered online forex trading for retail clients 25 years ago, and remain focused on enabling individuals to access the potential of global financial markets Alpari clients are individuals with an appetite to generate financial returns through self-directed trading. They are comfortable taking risks in order to generate returns and are willing to invest time to build the skills needed to succeed Alpari's promise to these clients is to enable them to "access global trading opportunities securely". They believe that individuals anywhere in the world should be able to access opportunities in financial markets - where local political environments do not support domestic regulation, they provide solutions for individuals to access our services offshore, but offering the same service standards and client protections as a regulated business. ContactHana MontgomeryShout Bravohello@ Logo - View original content to download multimedia: SOURCE Alpari Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
37 minutes ago
- CBS News
Senate Republicans unveil long-awaited details on Trump tax bill
Washington — Senate Republicans on Monday released details on the most contentious elements of the sweeping legislation to enact President Trump's second-term agenda. The Senate Finance Committee unveiled its portion of Mr. Trump's "big, beautiful bill," which makes changes to the tax and Medicaid provisions in the version that narrowly passed the House last month. Senate Republicans are aiming to make key progress this week in their effort to approve the legislation, but some of the key sticking points still appear unresolved, making it less certain they'll get the bill to Mr. Trump's desk by their self-imposed deadline of July 4. Medicaid and provider taxes GOP senators have proposed steeper cuts to Medicaid funding by lowering provider taxes — which states use to help fund their share of Medicaid costs — from 6% to 3.5% by 2031. The House bill seeks to lower federal costs by freezing states' provider taxes at current rates and prohibiting them from establishing new provider taxes. Several Republicans have said the bill could lose their support if the provider tax were to be frozen or decreased, pointing to the potential negative impact on rural hospitals. SALT — the state and local tax deduction The Senate version proposes permanently extending the $10,000 state and local tax deduction, known as SALT. It's a considerable difference from the House measure, which increases the deduction from $10,000 to $40,000 per household for incomes up to $500,000. House Republicans from blue states threatened last month to withhold their support for the bill if the cap were not raised and quickly said Monday they'd vote against the package when it comes back to the House. House Speaker Mike Johnson, a Louisiana Republican, has urged senators to make as few changes to the legislation as possible, noting that he can afford to lose just a few votes with his narrow majority. Senate Majority Leader John Thune, a South Dakota Republican, called the $10,000 cap a starting point. "We understand that it's a negotiation," he told reporters Monday evening. "Obviously, there had to be some marker in the bill to start with, but we're prepared to have discussions with our colleagues here in the Senate and figure out a landing spot." Debt ceiling increase Senate Republicans are also calling for a $5 trillion increase in the debt ceiling — $1 trillion above the limit set by the House. The Child Tax Credit would increase to $2,200 under the Senate bill, $300 less than the House-passed hike. Taxes on tips, auto loan interest The Senate version also includes provisions to end taxes on tips, overtime and auto loan interest, while making tax cuts enacted during Mr. Trump's first term permanent. Republican leaders have been pushing to get the legislation to the president's desk by early July. But with a short week this week, Senate Republicans need to move quickly in the coming days to put the legislation on a course for passage in the upper chamber before it returns to the House for sign-off on the changes. Thune said he plans to bring up the budget agenda for a vote next week, but he has threatened to keep senators in Washington, D.C., over the Fourth of July recess to pass it, since several Republicans have expressed doubt about the upper chamber's ability to finish its work on the bill before the self-imposed deadline. "We need to get it done," Thune told Fox News on Sunday. "We will roll into the Fourth of July recess if necessary, in order to get this on the president's desk." contributed to this report.
