What Happened?

A number of stocks traded in opposite directions in the afternoon session after geopolitical tensions between the United States and the European Union escalated, sparking fears of a renewed trade war. 

The broader markets adopted a "risk-off" mode, with investors seeking safe-haven assets amidst the uncertainty. The market's primary fear gauge, the VIX, jumped to a fresh eight-week high, signaling rising investor anxiety. The dispute, centered on Greenland, raised the possibility of a revived trade conflict, which could disrupt global supply chains and economic activity. Mega-cap technology stocks, many of which have significant international sales and operations, were particularly affected by the souring risk sentiment as a potential trade war threatens their global business models.

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:

• Satellite Telecommunication Services company Globalstar (NASDAQ: GSAT) jumped 1%. Is now the time to buy Globalstar? Access our full analysis report here, it’s free.
• Terrestrial Telecommunication Services company Cogent (NASDAQ: CCOI) fell 0.3%. Is now the time to buy Cogent? Access our full analysis report here, it’s free.
• Hardware & Infrastructure company Hewlett Packard Enterprise (NYSE: HPE) fell 4.1%. Is now the time to buy Hewlett Packard Enterprise? Access our full analysis report here, it’s free.
• Satellite Telecommunication Services company Viasat (NASDAQ: VSAT) fell 6%. Is now the time to buy Viasat? Access our full analysis report here, it’s free.
• Digital Media & Content Platforms company Getty Images (NYSE: GETY) fell 1.9%. Is now the time to buy Getty Images? Access our full analysis report here, it’s free.

Zooming In On Viasat (VSAT)

Viasat’s shares are extremely volatile and have had 61 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 4 days ago when the stock gained 3% on the news that Morgan Stanley significantly raised its price target on the stock and the company announced new business developments. 

The investment bank increased its price target on Viasat to $51 from $12, though it maintained an Equalweight rating. In addition, the company, along with Bharat Sanchar Nigam Limited (BSNL), announced it would support the next phase of the Indian Navy's satellite communications modernization program. This plan involved deploying Viasat's high-capacity satellite systems for secure connectivity. Viasat also revealed plans to deploy a new test facility in Singapore to support air traffic operations throughout the Asia Pacific region, further reinforcing its commitment to advancing global aviation.

Viasat is up 17.7% since the beginning of the year, and at $44.28 per share, it is trading close to its 52-week high of $45.94 from January 2026. Investors who bought $1,000 worth of Viasat’s shares 5 years ago would now be looking at an investment worth $1,140.

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