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Dear Fellow Investor,
Company: Cameco (SYM: CCJ)
After pulling back to about $47, Cameco just hit $50.73, and could test $60 shortly. Thatâs because, over the last few days, Congress passed the Russian uranium import ban, which now unlocks about $2.7 billion to expand U.S. nuclear fuel production. âThe broader package also includes a ban on federal licenses for reactor fuel imported from or produced by entities controlled by Russia while adding China and China-controlled entities to the import blacklist,â according to UtilityDive.com. In addition, according to MarketWatch.com, âA ban on U.S. imports of Russian uranium is set to shake up the market for nuclear power, and lift prices back above $100 a pound for the nuclear fuel which has been tight on supplies.â Bank of America just added Cameco to its US 1 list â an idea from the firmâs universe of buy rated listed stocks. RBC Capital also just raised its price target to $75 from $70, with an outperform rating on the uranium stock. Sponsored A 70% Stock Market Crash Is Comingâ¦
Companies: Uranium Energy Corp. (SYM: UEC), Energy Fuels Inc. (SYM: UUUU), Denison Mines Corp. (SYM: DNN)
We also have to consider that about 22 countries, including the U.S., Canada, the UK, and France pledged to triple their nuclear capacity by 2050 at the 28th Annual UN Climate Change Conference (COP28). According to Forbes, âAbout 175 more nations gave their tacit approval to nuclear by electing to triple their use of renewables by 2030 and phase down fossil fuels.â Aside from Cameco, Uranium Energy Corp. (SYM: UEC), Energy Fuels Inc. (SYM: UUUU), and Denison Mines Corp. (SYM: DNN) should benefit as well. Sponsored Aerial Footage of Jeff Bezosâs Next Trillion Dollar Bet
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Another top way to trade the uranium bull market includes:
ETF: Global X Uranium ETF (SYM: URA)
With an expense ratio of 0.69%, the ETF invests in companies involved in uranium mining and production, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries. Sponsored Biden Fires Warning Shot...
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Are you currently invested in uranium stocks? Do you have your eye on any opportunities we might have missed? Hit "reply" to this email and let us know!
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