XPEV - Hot Stocks: TSLA leads EV sector; ATCX gets boost on infrastructure bill; ON sets new high; LVS touches new low
Tesla (NASDAQ:TSLA) sat at the intersection of a couple of niche sectors that saw gains during Monday's session. The stock got a boost from strong data out of China, with signs of a robust car market there bolstering Elon Musk's company. This, in turn, gave a lift to the electric vehicle sector in general, with gains recorded for Lordstown Motors (NASDAQ:RIDE) and Ayro (NASDAQ:AYRO). The bipartisan infrastructure bill provided a crucial talking point on Wall Street Monday. It also underpinned some individual stock movements, including Atlas Technical Consultants (NASDAQ:ATCX), which got a shout-out in Barron's as a potential overlooked winner from the new spending plan. Meanwhile, TG Therapeutics (NASDAQ:TGTX) was one of the worst performers on the session, as disappointing quarterly results sparked a decline of more than 20%. ON Semiconductor (NASDAQ:ON) had the opposite reaction to earnings news. The stock posted a double-digit rally following the release of the
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Hot Stocks: TSLA leads EV sector; ATCX gets boost on infrastructure bill; ON sets new high; LVS touches new low