Better Buy: Sociedad Quimica y Minera vs. Dow
Electric car stock Tesla (NASDAQ: TSLA) stock is going vertical, its shares more than doubled in the seven weeks since 2020 began -- and that's good news for more companies than just Tesla alone.
Alongside Tesla, investors in Chilean miner Sociedad Quimica y Minera de Chile (NYSE: SQM) -- which produces much of the lithium that eventually ends up in the form of lithium batteries in Tesla's vehicles -- have been treated to a 15.5% gain in seven weeks. That's not as good as Tesla's gains, but better than a sharp stick in the eye.
At the same time, shares of Dow (NYSE: DOW) stock -- a maker of more generic chemicals -- are still underwater, and swimming 10% below where they were when first spun off from chemicals conglomerate DowDuPont way back in March. Clearly, investors seem to think more of Sociedad Quimica y Minera's prospects as a stock, than they do of Dow's ...
Source Fool.com
