These 5 Electric Vehicle Stocks Are Charging Up on Monday
The stock market came into the new week on a quiet note, with investors seemingly content to consolidate recent gains. As of 11:45 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 59 points to 34,929. The S&P 500 (SNPINDEX: ^GSPC) picked up seven points to 4,376, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by a single point to 14,702.
Electric vehicle stocks have gotten a lot of attention lately, but many investors have limited their look at the sector to the companies that actually manufacture vehicles themselves. On top of those obvious stock plays, however, are suppliers that provide the raw materials that EVs need to run. It's those materials stocks that are doing the best on Monday, and below, we'll look more closely at why they're performing so well.
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Source Fool.com
