The stock market is trading sideways following Fed Chairman Kevin Warsh’s speech at Jackson Hole. I think investors can take advantage of market volatility by buying these 3 stocks on the dip.
No. 1: nVent Electric plc (NVT)
On August 24, nVent Electric plc (NVT) revealed its plans to acquire Maverick Power, a data center equipment maker, in a deal valued at $1.75 billion. Data centers have become one of Maverick Power’s biggest customers due to persistent demand for reliable power.
The acquisition is a strategic one for nVent Electric (NVT) and is expected to boost the company’s offerings to its data center customers. You may recall that nVent Electric develops cooling systems for data centers, as well as designs electrical solutions that connect and protect equipment, infrastructure and processes.
So, nVent Electric will now provide more complete system-level solutions for data centers.
The acquisition is also anticipated to add to the company’s top line. Thanks to a big backlog, Maverick Power was expected to make about $700 million in revenue this year.
The acquisition is expected to be complete in the fourth quarter. In the meantime, NVT remains a good buy on dips.
My stock grading system rates nVent as a B.
No. 2: Astronics Corporation (ATRO)
Astronics (ATRO) provides in-flight entertainment and connectivity, cabin lighting, airflow controls, emergency systems, powered seats, and other products. Its customers include commercial airlines, military aircraft and vehicles, business and VIP aircraft, mass transit systems and the space industry.
And demand remains strong.
Astronics’ backlog surged to a record $780.6 million in the second quarter of fiscal year 2026. It was the third straight quarter of record backlogs. The company also reported record second-quarter bookings of $306.2 million.
Related: Louis Navellier has blunt message on Nvidia’s reign before earnings
Second-quarter revenue rose 27% year-over-year to a record $260 million, beating estimates of $245.3 million. Earnings soared 125.8% year-over-year to $0.70 per share, compared to $0.31 per share a year ago. Analysts expected earnings of $0.61 per share, so Astronics posted a 14.8% earnings surprise.
Given the strong demand, Astronics expects to set more records in the coming quarters.
Wall Street agrees. Analysts have raised third-quarter earnings estimates over the past three months. Third-quarter earnings are now forecast to increase 47% year-over-year to $0.72 per share. Revenue is expected to grow 26.5% year-over-year to $267.39 million. As you know, positive analyst revisions typically precede future earnings surprises. ATRO is a buy below $90.
My stock grading system rates Astronics Corp as an A.
No. 3: Eurodry Ltd. (EDRY)
Shipping rates remain elevated. And the ongoing tensions in the Middle East, especially between the U.S. and Iran over the Strait of Hormuz, could keep tanker rates high for the foreseeable future. But oil tankers are not the only ships benefiting from higher rates.
Dry bulk shipping rates have also risen to three-year highs this year. Demand for large cargo ships has risen, while the supply of available ships remains tight. Eurodry provides shipping services through a fleet of 11 dry bulk vessels, mainly transporting large bulk goods such as iron ore, coal and grains. It also carries minor bulk goods like bauxite, phosphate and fertilizers. Demand for iron ore and bauxite has been especially strong this year.
That strong demand showed up in the second-quarter results. Revenue jumped to $17.7 million, up from $11.3 million in the second quarter of 2025. Adjusted earnings totaled $6.9 million, or $2.44 per share. That compares with a loss of $1.10 per share a year ago.
Analysts expected earnings of just $1.26 per share, so Eurodry posted a 93.7% earnings surprise. After that big surprise, analysts more than doubled their third-quarter earnings estimates. They now expect earnings of $2.06 per share, compared with a loss of $0.23 per share in the third quarter of 2025.
Eurodry is also preparing for demand to stay strong. The company plans to add two Ultramax vessels in 2027 and two Kamsarmax vessels in 2028. Once those ships join the fleet, Eurodry will have more than one million deadweight tons of total carrying capacity.
So, Eurodry is well-positioned to keep benefiting from strong dry bulk demand and elevated charter rates. Buy EDRY below $54.
My stock grading system rates EuroDry as an A.
For more information about my stock grading system, click here.
Related: Louis Navellier sends urgent data center message as moratorium worry mounts
