Just been looking at how some solid companies got hammered last week when geopolitical tensions spiked. Interesting thing though — not all of that selling pressure was justified. Let me walk through two that caught my attention.

Start with Apple. Yeah, the stock took a 6% hit while the broader market only dropped 2.4%, which feels like an overreaction to me. Here's the thing: Apple's sitting on $35.9 billion in cash, it's the second-largest company globally with a $3.85 trillion market cap, and it's not exactly vulnerable to oil price swings. Their last quarter was actually insane — $143.8 billion in revenue, up 16% year-over-year, with earnings per share jumping 19% to $2.84. The iPhone 17 is still crushing it, driving 59% of total revenue with record sales across every region. They're even launching cheaper options like the MacBook Neo and iPhone 17e at $599 to expand their reach. This is a chip off the old block type of company that doesn't deserve panic selling.

Then there's Williams Companies. This one's a different animal entirely. It's been around since 1908 and has paid dividends for 52 straight years — that's the kind of track record that matters. The stock dropped 3.3% after hitting $76.75 on Monday, which honestly seems ridiculous given what's happening under the hood. They handle about a third of all natural gas consumed in the US through a 33,000-mile domestic pipeline network. That's a natural hedge against tariffs and other economic noise. Their 2025 numbers were solid: adjusted EBITDA up 9% to $7.8 billion, revenue climbing 13.7% to $11.9 billion, and earnings per share up 17.5% to $2.14. The data center buildout is driving a lot of this — everyone needs natural gas power now — and they've got long-term contracts locking in cash flows. Their dividend is covered 2.4 times over, which means there's real room for growth there.

Both of these are legitimate blue chip plays that got caught in last week's panic. Morgan Stanley's research shows that after similar geopolitical shocks, the S&P 500 typically bounces back to up 2% after a month, 6% after six months, and 8% after a year. These two companies have the financial muscle to weather any storm, and their recent dips look like genuine opportunities if you're thinking medium to long-term.