Shares of Toyota Motor (NYSE: TM) were gaining today as investors continued to bet that the Japanese auto manufacturer would benefit from the ongoing strike by the United Auto Workers (UAW).

Though there was no company-specific news about Toyota, that was enough to boost the stock today, sending it up 3% as of 11:32 a.m. ET on Tuesday.

Toyota shares are continuing a recent rally as manufacturers that don't depend on union workers, like Toyota, are expected to benefit from the UAW strike against Ford, General Motors, and Stellantis, the owner of Chrysler. 

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Source Fool.com