Richardson Electronics, Hub Group, XPO, Corning, and Champion Homes Stocks Trade Up, What You Need To Know

What Happened?

A number of stocks jumped in the afternoon session after the U.S. Supreme Court struck down tariffs imposed by the Trump administration, a move expected to lower costs for manufacturers. 

In a 6-3 decision, the court ruled that the administration's use of the International Emergency Economic Powers Act of 1977 to justify the tariffs was not applicable. The removal of these tariffs is expected to reduce the cost of imported parts, materials, and equipment, which are crucial inputs for many U.S.-based manufacturing companies. Economists suggest this will alleviate budget pressures on these firms and could also reduce broader inflation concerns, potentially paving the way for accelerated interest rate cuts by the central bank. The ruling is seen as particularly beneficial for small and medium-sized businesses, which have shouldered much of the financial burden from the import duties.

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:

• Specialty Equipment Distributors company Richardson Electronics (NASDAQ:RELL) jumped 3.4%. Is now the time to buy Richardson Electronics? Access our full analysis report here, it’s free.
• Air Freight and Logistics company Hub Group (NASDAQ:HUBG) jumped 3.8%. Is now the time to buy Hub Group? Access our full analysis report here, it’s free.
• Ground Transportation company XPO (NYSE:XPO) jumped 2.7%. Is now the time to buy XPO? Access our full analysis report here, it’s free.
• Electronic Components company Corning (NYSE:GLW) jumped 6.5%. Is now the time to buy Corning? Access our full analysis report here, it’s free.
• Home Builders company Champion Homes (NYSE:SKY) jumped 2.6%. Is now the time to buy Champion Homes? Access our full analysis report here, it’s free.

Zooming In On Corning (GLW)

Corning’s shares are somewhat volatile and have had 10 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 14 days ago when the stock gained 7.8% on the news that the broader market rebounded from a tech-driven sell-off, with investors taking the opportunity to buy stocks at lower prices. 

This rally was fueled by a recovery in technology stocks and a significant bounce in Bitcoin, which stabilized after losing over half its value from its October peak. Investor sentiment was also lifted by a surprising improvement in U.S. consumer sentiment and the realization that massive AI-related capital expenditure, such as Amazon's planned $200 billion, directly benefits chipmakers like Nvidia and Broadcom. These "pick-and-shovel" winners jumped as much as 7%, helping the S&P 500 edge back into positive territory for 2026. The highlight of the day was the Dow Jones Industrial Average, which surged and crossed the historic 50,000 threshold for the first time.

Corning is up 54.1% since the beginning of the year, and at $139.76 per share, has set a new 52-week high. Investors who bought $1,000 worth of Corning’s shares 5 years ago would now be looking at an investment worth $3,683.

While Wall Street chases Nvidia at all-time highs, an under-the-radar semiconductor supplier is dominating a critical AI component these giants can’t build without. Click here to access our full research report, it’s free.