On March 6, Dan Niles of Niles Investment Management appeared on CNBC’s ‘Power Lunch’ to provide a cautious outlook on the current market rally and suggested that it may not be a definitive all-clear. Addressing the broader market sell-off triggered by the Iran war, rising oil prices, and higher yields, Niles explained that the market is attempting to determine the duration of the conflict. He outlined three possibilities: a short-term war of less than a month, a medium-term conflict, or a long-term engagement that could drive oil prices above $100 and lead to a global recession.
Addressing concerns about market indifference in the face of global commodity shortages, Niles argued that the reaction to the news is more important than the news itself. He observed that while his personal belief is that stocks should be lower, the market’s behavior, potentially influenced by a decrease in daily missile activity, suggests a belief that the situation will be resolved. He stressed that price leads the narrative and that people will create reasons to justify market movements after they occur.
Niles concluded by recommending a hyper-selective and messy approach to diversification. He pointed out that while the MAG7 are down 7% and the S&P 500 is down roughly 1% year-to-date, five subsectors (utilities, materials, energy, staples, and industrials) are up between 9% and 25%. He noted that the Russell 2000 is up 3% and the equal-weighted S&P is up 4%, showing that diversified investors are not struggling. He advised focusing on sectors with heavy assets that are less likely to be rendered obsolete by AI to navigate the current period successfully.
Against this backdrop, investors often look for emerging themes such as electric vehicles. That said, we’re here with a list of the 9 hot EV stocks to buy now.
Our Methodology
We used screeners to identify stocks that have gained at least 20% over the past 6 months, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on March 9.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
9 Hot EV Stocks To Buy Now
9. STMicroelectronics (NYSE:STM)
STMicroelectronics (NYSE:STM) is one of the hot EV stocks to buy now. On March 10, STMicroelectronics introduced the ST64UWB family, the industry’s first integrated system-on-chip solutions to support the upcoming IEEE 802.15.4ab ultra-wideband standard alongside the existing IEEE 802.15.4z specification. Built using 18 nm FD-SOI technology, these chips offer superior RF performance and a nearly 3dB boost in link budget, extending signal range beyond previous generations. This new family is designed to provide high-precision ranging and sensing for a wide array of automotive, consumer, and industrial applications.
The ST64UWB series introduces technical enhancements like multi-millisecond ranging and narrowband assistance, which improve connection stability when devices are obstructed, such as in a back pocket or bag. For the automotive sector, the ST64UWB-A chips support safety-critical features like child presence detection and precise vehicle localization, with some models featuring AI acceleration for advanced radar use cases.
Industry leaders and Tier 1 suppliers are already sampling these devices and noted that the IEEE 802.15.4ab standard offers more than 8x the range of its predecessor. Because the ST64UWB family maintains backward compatibility with the 802.15.4z ecosystem, manufacturers can adopt these performance and cost-efficiency improvements without disrupting existing deployments. For this transition, STMicroelectronics (NYSE:STM) is providing comprehensive development kits that include a full UWB stack, radar toolboxes, and reference designs to accelerate the adoption of next-gen UWB tech.
STMicroelectronics (NYSE:STM), together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
8. Magna International Inc. (NYSE:MGA)
Magna International Inc. (NYSE:MGA) is one of the hot EV stocks to buy now. On February 13, Magna reported a solid finish to 2025, with Q4 sales rising 2% to $10.8 billion despite a slight decline in global vehicle production. Adjusted EBIT for the quarter grew 18% to $814 million, and the adjusted EBIT margin expanded to 7.5%. While the company faced a $591 million non-cash impairment charge related to its Electronics unit, leading to a reported diluted EPS of $0.00, adjusted diluted EPS rose 29% to $2.18. This was driven by operational excellence initiatives, productivity improvements, and successful new program launches, including the Ford Expedition and Mercedes-Benz G-Class.
For 2025, Magna generated $42 billion in sales. Financial results were supported by significant cash generation from operating activities, totaling $3.6 billion for the year. The company’s board of directors approved an increase in the quarterly dividend to $0.495 per share, marking 16 consecutive years of dividend growth.
For 2026, Magna International Inc. (NYSE:MGA) anticipates continued top-line growth with sales projected between $41.9 billion and $43.5 billion. The company expects an adjusted EBIT margin in the range of 6.0% to 6.6% and adjusted diluted EPS between $6.25 and $7.25. Capital spending is forecasted to remain disciplined at approximately $1.5 billion to $1.6 billion, supporting an anticipated free cash flow of $1.6 billion to $1.8 billion.
Magna International Inc. (NYSE:MGA) operates as an automotive supplier in North America, Europe, the Asia Pacific, and internationally. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.
