NetApp, QuinStreet, and Xerox Stocks Trade Down, What You Need To Know
What Happened?
A number of stocks fell in the afternoon session after geopolitical developments in the Middle East took center stage, with volatile crude oil prices dictating market direction.
According to one strategist, "Everything is beginning and ending with headlines out of the Middle East." U.S. stocks reversed from positive to negative territory, demonstrating the market's sensitivity to the situation. While comments from the U.S. President briefly caused crude prices to plunge, they pared losses and clawed back to $90 per barrel. The uncertainty surrounding the conflict and its direct impact on oil prices trumped most other news, creating a volatile and risk-averse environment for investors.
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:
- Hardware & Infrastructure company NetApp (NASDAQ:NTAP) fell 2.8%. Is now the time to buy NetApp?
- Advertising & Marketing Services company QuinStreet (NASDAQ:QNST) fell 3.2%. Is now the time to buy QuinStreet?
- Hardware & Infrastructure company Xerox (NASDAQ:XRX) fell 2.6%. Is now the time to buy Xerox?
Zooming In On QuinStreet (QNST)
QuinStreet’s shares are quite volatile and have had 16 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 15 days ago when the stock dropped 3.6% on the news that the Trump administration's announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.
QuinStreet is down 17.4% since the beginning of the year, and at $11.64 per share, it is trading 39.9% below its 52-week high of $19.35 from March 2025. Investors who bought $1,000 worth of QuinStreet’s shares 5 years ago would now be looking at an investment worth $494.27.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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