GameStop, Tapestry, Crocs, Vertiv, and TTM Technologies Stocks Trade Up, What You Need To Know

What Happened?

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:

• Electronics & Gaming Retailer company GameStop (NYSE:GME) jumped 5.6%. Is now the time to buy GameStop? Access our full analysis report here, it’s free.
• Apparel and Accessories company Tapestry (NYSE:TPR) jumped 6.9%. Is now the time to buy Tapestry? Access our full analysis report here, it’s free.
• Footwear company Crocs (NASDAQ:CROX) jumped 5.1%. Is now the time to buy Crocs? Access our full analysis report here, it’s free.
• Electrical Systems company Vertiv (NYSE:VRT) jumped 5.2%. Is now the time to buy Vertiv? Access our full analysis report here, it’s free.
• Electronic Components & Manufacturing company TTM Technologies (NASDAQ:TTMI) jumped 5.3%. Is now the time to buy TTM Technologies? Access our full analysis report here, it’s free.

Zooming In On Tapestry (TPR)

Tapestry’s shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be 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 5.5% after 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.

Tapestry is up 28.7% since the beginning of the year, and at $84.48 per share, it is trading close to its 52-week high of $89.21 from February 2025. Investors who bought $1,000 worth of Tapestry’s shares 5 years ago would now be looking at an investment worth $5,636.

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