What Happened?

A number of stocks jumped in the afternoon session after investors wagered geopolitical tension would be contained following the U.S. military's operation in Venezuela, with the Dow hitting a fresh record. 

Sentiment remained firmly "risk-on" for early 2026, with Wall Street prioritizing domestic economic strength over foreign turbulence. Analysts noted that while the event raises short-term supply questions, the market largely viewed the potential stabilization of Venezuela's vast oil reserves as a long-term economic positive.

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:

• Travel and Vacation Providers company Travel + Leisure (NYSE: TNL) jumped 2.2%. Is now the time to buy Travel + Leisure? Access our full analysis report here, it’s free for active Edge members.
• Leisure Facilities company Lucky Strike (NYSE: LUCK) jumped 2.7%. Is now the time to buy Lucky Strike? Access our full analysis report here, it’s free for active Edge members.
• Real Estate Services company Compass (NYSE: COMP) jumped 3.3%. Is now the time to buy Compass? Access our full analysis report here, it’s free for active Edge members.
• Gaming Solutions company Rush Street Interactive (NYSE: RSI) jumped 2.6%. Is now the time to buy Rush Street Interactive? Access our full analysis report here, it’s free for active Edge members.
• Real Estate Services company Marcus & Millichap (NYSE: MMI) jumped 3.1%. Is now the time to buy Marcus & Millichap? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Compass (COMP)

Compass’s shares are very volatile and have had 22 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 21 days ago when the stock dropped 4% as reports surfaced that Google tested a feature to show home sales listings directly in its search results, sparking fears of new competition. 

This test, although limited to mobile devices in select areas for now, could significantly challenge existing real estate platforms. The move by the search giant sent ripples across the industry, affecting other real estate stocks as well. Zillow Group's shares tumbled 11%, while Rocket Companies and eXp World Holdings also saw their stock prices drop. The market's reaction showed investor concern that a powerful new entrant like Google could disrupt the online property market.

Compass is up 3.3% since the beginning of the year, and at $10.85 per share, it is trading close to its 52-week high of $10.88 from December 2025. Investors who bought $1,000 worth of Compass’s shares at the IPO in March 2021 would now be looking at an investment worth $538.21.

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