A number of stocks fell in the afternoon session after the escalating conflict with Iran threatened to disrupt global oil supplies and fuel inflation.

U.S. stocks fell as crude oil prices rose for the second consecutive day, with the international benchmark, Brent crude, jumping as much as 13% to over $82 a barrel. The surge came as shipments through the Strait of Hormuz, a critical channel for about 20% of the world's oil, were choked off. Analysts were concerned that a prolonged conflict could lead to an inflationary shock. The injection of new uncertainty into the business environment is a hit to confidence, which could lead companies to invest and hire less, potentially derailing an already fragile economy.

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:

Electronic Components & Manufacturing company TTM Technologies (NASDAQ:TTMI) fell 6.8%. Is now the time to buy TTM Technologies? Access our full analysis report here, it’s free.

Specialized Technology company Arlo Technologies (NYSE:ARLO) fell 1.5%. Is now the time to buy Arlo Technologies? Access our full analysis report here, it’s free.

Electronic Components & Manufacturing company Coherent (NYSE:COHR) fell 6.2%. Is now the time to buy Coherent? Access our full analysis report here, it’s free.

Data & Business Process Services company Planet Labs (NYSE:PL) fell 3.3%. Is now the time to buy Planet Labs? Access our full analysis report here, it’s free.

Enterprise Networking company Applied Digital (NASDAQ:APLD) fell 6%. Is now the time to buy Applied Digital? Access our full analysis report here, it’s free.

TTM Technologies’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 previous big move we wrote about was 11 days ago when the stock gained 7.2% on the news that the U.S. Supreme Court struck down the Trump administration's sweeping global tariffs. The landmark 6-3 decision sent a wave of relief through the markets, with the S&P 500 and Dow Jones Industrial Average both climbing on the news. The court found that the administration inappropriately used emergency powers to bypass Congress in imposing the levies. These tariffs had placed a significant strain on corporate balance sheets, and many businesses now welcome the prospect of potential refunds.

TTM Technologies is up 48.9% since the beginning of the year, and at $105.16 per share, it is trading close to its 52-week high of $113 from March 2026. Investors who bought $1,000 worth of TTM Technologies’s shares 5 years ago would now be looking at an investment worth $7,447.

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