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American Woodmark, Resideo, Hertz, THOR Industries, and DXP Shares Skyrocket, What You Need To Know

StockStory - Mon Mar 23, 1:40PM CDT
AMWD

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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:

Zooming In On American Woodmark (AMWD)

American Woodmark’s shares are quite volatile and have had 15 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 dropped 6.3% on the news that oil prices surged amid escalating conflict in the Middle East. Brent crude prices soared past $110 a barrel for the first time since 2022 as the conflict threatens oil production and key shipping routes, such as the Strait of Hormuz. The disruption reportedly halted over 20 million barrels of oil per day. For the industrial sector, which includes manufacturing, transportation, and construction companies, higher oil prices translate directly into increased operational costs. Elevated fuel and energy expenses can shrink profit margins and signal a potential slowdown in economic activity, weighing heavily on investor sentiment for cyclical stocks.

American Woodmark is down 26.2% since the beginning of the year, and at $40.56 per share, it is trading 41.8% below its 52-week high of $69.64 from September 2025. Investors who bought $1,000 worth of American Woodmark’s shares 5 years ago would now be looking at only $446.26.

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