Li Auto Powers Up, but Another Stock Is Really Stepping on the Gas
Investors haven't been quite sure what to do about the stock market during the month of February, as major market benchmarks haven't been able to sustain their upward momentum from the beginning of the year. Yet Wall Street seemed to be in a good mood coming out of the weekend, and stock index futures suggested that the Nasdaq Composite (NASDAQINDEX: ^IXIC) could climb about half a percent when the regular trading session starts Monday morning.
Helping to boost the Nasdaq, Li Auto (NASDAQ: LI) posted a nice advance as investors reacted to the latest news from the Chinese electric vehicle manufacturer. Yet another company listed on the Nasdaq enjoyed an even bigger gain, as Seagen (NASDAQ: SGEN) could be in line to get an acquisition bid if reports prove correct.
Shares of Li Auto had a nice gain early Monday, rising 6% in premarket trading. The EV maker posted its fourth-quarter financial results, and investors reacted positively to what they saw as continued success for the company even in a competitive environment within China.
Source Fool.com
