Three Stocks I'm Eyeing Amid Relief Rally, Iran Skepticism

U.S.-Iran Escalation: 3 Things to Expect in the Market Now

Markets made a sharp rebound on Monday morning after Pres. Trump announced he would delay any strikes on Iranian infrastructure for five days while negotiations proceed. Trump was upbeat in a press conference, outlining three key points: the Strait of Hormuz will be jointly controlled by the U.S. and Iran, the price of oil will drop sharply once a deal is reached, and there will be a significant form of regime change, with Trump suggesting a leadership transition similar to what occurred in Venezuela.

The taco trade. Here’s my best advice. I’m still practicing with these videos. Let me know if they are helpful pic.twitter.com/sPjpZ3V7BM
— James DePorre (@RevShark) March 23, 2026

More than 70% of stocks are in positive territory, oil is down around 10%, the S&P 500 is up 2%, and bonds have a bid. That last point matters. The bond market moving in a positive direction alongside stocks is the key confirmation that this is more than just a relief trade.

That said, it has been gap and sit action so far. The market opened higher and has largely stayed there without building further. Investors are relieved but not yet convinced. The close will be the important data point today.

Why This Is Different From the Tariff TACO

The "TACO" trade dynamic is playing out again, but the situation is more complicated than what we saw during the tariff disputes last year. With tariffs, a policy reversal could be implemented quickly and the economic impact was relatively direct. The Iran situation has more moving parts. Even if a deal is reached, the physical damage to energy infrastructure, the backlog of ships outside the Strait, and the disruption to LNG supply chains will not resolve overnight. The spike in oil prices may have a lingering impact on inflation regardless of how quickly a diplomatic resolution comes together. That is the uncertainty the bond market is still wrestling with and it is worth keeping in mind even as the headline news is positive.

What I Am Watching

I am looking to add to a few names, but continuing to move deliberately rather than aggressively. This is not the moment to chase.

One larger-cap name I am watching closely is Roku (ROKU) . The company has evolved well beyond the streaming dongle it started as. Roku is now a full television operating system with approximately 88% of its revenue coming from the platform rather than hardware. Platform margins run around 50%. The average analyst price target is approximately $125, roughly 30% above current levels, with Stifel carrying the high target in the $150 to $160 range.

Adjusted earnings before interest, taxes, depreciation, and amortization are expected to roughly double in 2026 to around $635 million. What caught my attention recently is the relative strength. Roku is holding up better than the S&P 500 and is sitting at both its 200-day and 50-day simple moving averages. I have a position and will look to add.

Two other names showing good relative strength that I am watching for entry are Solaris Energy Infrastructure (SEI) and Circle Internet Group (CRCL) . I already carry a position in Solaris Energy Infrastructure and want to build it further as the setup develops. Circle Internet Group is one I have not yet entered and will give more time before starting. Details on both in a future column.

The watch list work is the priority right now. Preparing for more aggressive action when the tape confirms the turn.

At the time of publication, DePorre was long Roku (ROKU), Solaris Energy Infrastructure (SEI), Circle Internet Group (CRCL)