United Rentals, Atkore, Novanta, EnerSys, and UFP Industries Stocks Trade Up, What You Need To Know

What Happened?

A number of stocks jumped in the afternoon session after the Trump administration postponed military action against Iran's following 'very good and productive' talks. 

The Dow Jones Industrial Average responded with a significant jump as the news sent a wave of optimism through trading floors. This type of broad market rally is often led by cyclical sectors, such as industrials, which are sensitive to global economic stability. Companies like construction equipment firm Caterpillar and manufacturing conglomerate 3M, which have large international operations, were among the top performers. A decrease in geopolitical risk can lead to lower oil prices and a more stable outlook for global trade and large-scale projects, directly benefiting these firms.

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 United Rentals (NYSE:URI) jumped 4%. Is now the time to buy United Rentals? Access our full analysis report here, it’s free.
• Electrical Systems company Atkore (NYSE:ATKR) jumped 4%. Is now the time to buy Atkore? Access our full analysis report here, it’s free.
• Electronic Components company Novanta (NASDAQ:NOVT) jumped 4.1%. Is now the time to buy Novanta? Access our full analysis report here, it’s free.
• Renewable Energy company EnerSys (NYSE:ENS) jumped 4%. Is now the time to buy EnerSys? Access our full analysis report here, it’s free.
• Building Materials company UFP Industries (NASDAQ:UFPI) jumped 4%. Is now the time to buy UFP Industries? Access our full analysis report here, it’s free.

Zooming In On Novanta (NOVT)

Novanta’s shares are very volatile and have had 20 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 3 days ago when the stock dropped 3.6% on the news that geopolitical tensions in the Middle East raised concerns over higher inflation and a potential economic slowdown. The conflict, involving the U.S., Israel, and Iran, caused a surge in energy prices, directly impacting industrial and materials companies by increasing costs for transportation, logistics, and manufacturing. Investors were concerned that sustained high oil prices could put further pressure on inflation, complicating the economic outlook. The broader market sentiment turned negative, with Wall Street heading for a fourth consecutive weekly loss as investors weighed these geopolitical risks. This environment is particularly challenging for cyclical sectors like industrials, which are sensitive to changes in global economic demand and input costs.

Novanta is up 7.4% since the beginning of the year, but at $119.36 per share, it is still trading 18.5% below its 52-week high of $146.39 from February 2026. Despite the year-to-date gain, investors who bought $1,000 worth of Novanta’s shares 5 years ago would now be looking at only $914.53.

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