2 Stocks to Watch as Stock Markets Plummet Over Greenland

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By Joey Frenette Published

Quick Read

  • Trump stepped back on Greenland tariffs announcing a concept of a deal after Tuesday’s market panic.

  • Apple fell to $245 and is readying for a Gemini-powered Siri overhaul.

  • Oracle approached six-month lows on U.S.-E.U. tensions and OpenAI dependence concerns.

  • The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.

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2 Stocks to Watch as Stock Markets Plummet Over Greenland

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The situation over in Greenland caused a bit of a market shock on Tuesday, with just about everything marching lower over fears of tariffs and related uncertainties. Undoubtedly, in the heat of the panic, it really felt as though Greenland-linked tariffs on numerous European countries would derail the market rally in its tracks. With Trump announcing that there’s “a concept of a deal” in place while stepping back on tariffs, it feels like Liberation Day all over again.

While this won’t be the last we hear of the Greenland situation, I do think that investors might wish to give the freshly-plunged names a second look, especially since the recent wave of selling had more to do with macro jitters and less to do with the performance of the actual companies themselves. In any case, here are three stocks worth watching closely as volatility takes things up a few notches.

Given their sharp plunges, perhaps it’s time to punch a ticket before the coast clears and investors can breathe easier again. It’s not hard to imagine that Wednesday’s developments were comforting, especially given the fear-inspiring headlines that suddenly dropped in a shortened trading week.

Apple

Things have gone from bad to worse for shares of Apple (NASDAQ:AAPL | AAPL Price Prediction) this past week, with the name tanking as low as $245 and change. Undoubtedly, it’s easy to be a seller of Apple right here, especially since the firm is still technically behind in AI. And while more tariffs and a worsening of the trade war are the last thing that Apple needs, I do think that Apple stock might be following a similar script as last year.

The stock was much-hated in the first half of 2025, thanks in part to mounting tariff fears, uncertainty on the AI plan, and concerns about iPhone demand. Fast forward to today, and it’s tariffs that are weighing down on Apple again. Some analysts are also not buying into the sales strength of the iPhone 17. Either way, I think the latest correction in shares could be an opportunity to get a front-row seat to the much-awaited Siri overhaul.

Can a Gemini-powered Siri finally power Apple stock higher again? It’s hard to tell. If the product is good and I think it has a very good chance of this, Apple could make up for a rough first month of the year with strength for the rest of the year. Either way, it’s times like these, when everyone is bearish on Apple, when it tends to be a good time to take the role of a contrarian by pounding the table.

In short, the Greenland tariff uncertainties make a cheap stock that much cheaper. Any more pressure and shares might be in the bargain bin.

Oracle

Oracle (NYSE:ORCL) stock also took a big hit in recent weeks, thanks in part to a rise in U.S.-E.U. tensions. Add fears over the debt load and dependence on OpenAI, which has seemingly lost its lead in the LLM race, and it feels like Oracle is way too risky to pursue right here now that it’s racing towards six-month lows.

While analysts still view the heavy AI infrastructure spender favorably, the choppy ride seems likely to continue for the remainder of the year. Macro and geopolitical woes only make the stock even more volatile. But volatility can work on the way higher, too.

As such, investors with strong stomachs who seek an OpenAI proxy might wish to be net buyers while OpenAI is the one that’s chasing in this AI race. Who knows? ChatGPT in ads might be the key to raising revenue in a way that brings forth even more capital, as the firm pours money into getting GPT-6 and the next generation of agents right.

Photo of Joey Frenette
About the Author Joey Frenette →

Joey is a 24/7 Wall St. contributor and seasoned investment writer whose work can also be found in publications such as The Motley Fool and TipRanks. Holding a B.A.Sc in Computer Engineering from the University of British Columbia (UBC), Joey has leveraged his technical background to provide insightful stock analyses to readers.

Joey's investment philosophy is heavily influenced by Warren Buffett's value investing principles. As a dedicated Buffett disciple, Joey is committed to unearthing value in the tech sector and beyond.

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