What Happened?

A number of stocks fell in the afternoon session after President Donald Trump threatened to significantly increase tariffs on Chinese imports, reigniting trade war fears. 

The threat immediately broke a monthslong calm on Wall Street, sending the S&P 500 down 1.2% in its worst session since August. For the industrial sector, which is heavily reliant on global supply chains, the prospect of new tariffs is particularly concerning. Aggressive U.S. trade policies lead to unpredictable input costs and disrupt manufacturing operations. This volatility weighs heavily on companies that depend on a stable international trade for both sourcing materials and selling finished goods, leading to a broad sell-off among industrial giants.

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:

• Digital Media & Content Platforms company WEBTOON (NASDAQ: WBTN) fell 3.4%. Is now the time to buy WEBTOON? Access our full analysis report here, it’s free for active Edge members.
• Professional Staffing & HR Solutions company First Advantage (NASDAQ: FA) fell 3.4%. Is now the time to buy First Advantage? Access our full analysis report here, it’s free for active Edge members.
• Advertising & Marketing Services company Taboola (NASDAQ: TBLA) fell 3.6%. Is now the time to buy Taboola? Access our full analysis report here, it’s free for active Edge members.
• Traditional Media & Publishing company EchoStar (NASDAQ: SATS) fell 3.8%. Is now the time to buy EchoStar? Access our full analysis report here, it’s free for active Edge members.
• Professional Staffing & HR Solutions company ManpowerGroup (NYSE: MAN) fell 3.1%. Is now the time to buy ManpowerGroup? Access our full analysis report here, it’s free for active Edge members.

Zooming In On EchoStar (SATS)

EchoStar’s shares are extremely volatile and have had 35 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 23 days ago when the stock gained 1.8% after the stock's positive momentum continued as the company announced it expected to hold over $24 billion in cash after completing major sales of its spectrum licenses. The satellite communications firm sold wireless spectrum licenses to AT&T for $23 billion and to SpaceX for about $17 billion. EchoStar's CEO, Hamid Akhavan, confirmed that from the total cash proceeds of $31.2 billion, the company would repay $11.4 billion in debt. This move significantly bolsters its balance sheet and supports future growth. The deal with SpaceX also included a long-term commercial agreement, which gives EchoStar's Boost Mobile subscribers access to SpaceX's next-generation Starlink Direct-to-Cell service, creating a new strategic partnership.

EchoStar is up 227% since the beginning of the year, but at $74.47 per share, it is still trading 10.9% below its 52-week high of $83.57 from September 2025. Investors who bought $1,000 worth of EchoStar’s shares 5 years ago would now be looking at an investment worth $2,778.

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