What Happened?
A number of stocks fell in the afternoon session after explosions reported in the Saudi capital and escalating clashes near critical maritime shipping straits sent crude oil prices surging over 5%, compounding pressure from elevated Treasury yields.
According to AP News, the sudden geopolitical shock in the Middle East rattled investor confidence, reigniting concerns over global energy supply disruptions and persistent inflationary headwinds. With crude prices surging rapidly, market participants fear sustained energy costs could complicate the inflation outlook and force central banks to keep monetary policy tighter for longer.
Adding to market unease, the 10-year U.S. Treasury yield hovered near a 24-year high of approximately 5.35%. Higher benchmark yields increase borrowing costs for corporations and consumers alike while compressing equity valuations, as future earnings are discounted at higher rates.
The confluence of spiking energy commodities and elevated debt yields prompted widespread risk-off positioning across major equity indices, as traders reassessed macroeconomic growth prospects amid mounting geopolitical tension and tightening financial conditions.
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:
- Internet of Things company Rockwell Automation (NYSE: ROK) fell 2.2%. Is now the time to buy Rockwell Automation? Access our full analysis report here, it’s free.
- Renewable Energy company Fluence Energy (NASDAQ: FLNC) fell 4%. Is now the time to buy Fluence Energy? Access our full analysis report here, it’s free.
- Aerospace company Redwire (NYSE: RDW) fell 4.6%. Is now the time to buy Redwire? Access our full analysis report here, it’s free.
- Waste Management company Perma-Fix (NASDAQ: PESI) fell 5%. Is now the time to buy Perma-Fix? Access our full analysis report here, it’s free.
- Engineered Components and Systems company Gates Industrial Corporation (NYSE: GTES) fell 2.5%. Is now the time to buy Gates Industrial Corporation? Access our full analysis report here, it’s free.
Zooming In On Perma-Fix (PESI)
Perma-Fix’s shares are extremely volatile and have had 44 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 16.8% on the news that the company reported fourth-quarter 2025 financial results that fell short of analyst expectations for both revenue and earnings. The environmental and waste management services provider posted a loss of $0.31 per share, which was significantly wider than the consensus estimate of a $0.09 loss per share. Revenue for the quarter came in at $15.72 million, also missing analysts' forecasts.
While sales increased 6.9% compared to the same period in the previous year, this growth was overshadowed by the failure to meet market expectations on both the top and bottom lines, which concerned investors.
Perma-Fix is up 17.3% since the beginning of the year, but at $14.38 per share, it is still trading 26% below its 52-week high of $19.43 from August 2026. Investors who bought $1,000 worth of Perma-Fix’s shares 5 years ago would now be looking at an investment worth $2,008.
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