Jacobs Solutions, MillerKnoll, CDW, IAC, and Ingram Micro Shares Plummet, What You Need To Know

Adam Hejl

Tue, February 24, 2026 at 1:51 AM GMT+9 3 min read

In this article:

J

-3.90%

CDW

-2.57%

IAC

-4.97%

MLKN

-2.78%

INGM

-3.65%

What Happened?

A number of stocks fell in the morning session after the Trump administration’s announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.

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:

Government & Technical Consulting company Jacobs Solutions (NYSE:J) fell 3.7%. Is now the time to buy Jacobs Solutions? Access our full analysis report here, it’s free.

Office & Commercial Furniture company MillerKnoll (NASDAQ:MLKN) fell 3.6%. Is now the time to buy MillerKnoll? Access our full analysis report here, it’s free.

IT Distribution & Solutions company CDW (NASDAQ:CDW) fell 3.4%. Is now the time to buy CDW? Access our full analysis report here, it’s free.

Digital Media & Content Platforms company IAC (NASDAQ:IAC) fell 4.3%. Is now the time to buy IAC? Access our full analysis report here, it’s free.

IT Distribution & Solutions company Ingram Micro (NYSE:INGM) fell 3.9%. Is now the time to buy Ingram Micro? Access our full analysis report here, it’s free.

Zooming In On IAC (IAC)

IAC’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 biggest move we wrote about over the last year was 7 months ago when the stock dropped 13.5% on the news that the company reported second-quarter revenue that fell short of analyst expectations, overshadowing a significant profit. The media and internet company’s revenue landed at $586.9 million, a 7% drop from the year-ago period. This decline stemmed from weakness in several key areas. The Search segment’s revenue plummeted 39%, while the Care.com unit saw a 6% decrease. Although IAC recorded a profit of $2.57 per share, a stark reversal from last year’s loss, this figure included a large unrealized gain from its investment in MGM Resorts International. Investors appeared to focus on the operational weakness rather than the investment-driven profit.

Story Continues  

IAC is down 8.4% since the beginning of the year, and at $35.75 per share, it is trading 28.5% below its 52-week high of $50 from March 2025. Investors who bought $1,000 worth of IAC’s shares 5 years ago would now be looking at an investment worth $146.34.

Microsoft, Alphabet, Coca-Cola, Monster Beverage—all began as under-the-radar growth stories riding a massive trend. We’ve identified the next one: a profitable AI semiconductor play Wall Street is still overlooking.Go here for access to our full report, it’s free.

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