Obama Helps Uranium Shares With Nuclear Outlook (URRE, UEC, URZ, USU, CCJ, DNN)

Tickerspy’s Uranium Index

URANIUM INVESTING IDEAS

• Popular long ideas: CCJ, URRE, DNN
• Popular short ideas: URRE, CCJ, DNN
• Top dividend plays: CCJ
• Pro favorites: CCJ, URG, URRE

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URANIUM COVERAGE

Uranium producers, mining the metal for nuclear and other applications

• Headline Risk Continues To Weigh On Uranium Stocks (CCJ, USU, DNN, CXZ, URG, URRE)
• Uranium Stocks Jump As China Nears Announcement On Nuclear Safety Plan (CCJ, URG, URRE, UEC, URZ, PALAF, USU)
• Uranium Sector Slammed On German Plans To Halt Nuclear Power Use (CCJ, URG, URZ, CXZ, UEC, PALAF, URRE)

URANIUM CHART

URANIUM METRICS

Avg. Market Cap:	$1.2B
Avg. P/E Ratio:	31.6
Avg. Div Yield:	0.2%

After foregoing nuclear investment in his $787 billion stimulus plan, it appears Obama is finally ready to usher in a new generation of safe clean plants.

President Obama touched on various clean energy initiatives during his State of the Union address Wednesday evening, and investors are cheering his emphasis on nuclear investment. According to USA Today, White House Office of Energy and Climate Change Policy director Carol Browner said, “The President believes that nuclear needs to be a part of our energy future” in a Janurary 11 video. After passing on the segment in the massive 2009 economic stimulus plan, some government support would be welcome news for investors in the segment.

As a whole, the Uranium Stocks Index is slipping fractionally after starting the day ahead.

Uranium Resources (URRE) is leading the sector with an 8% spike. Elsewhere in the segment, Uranerz Energy (URZ) and USEC (USU) are also in positive territory. Back in July shares got crushed after the Department of Energy denied a loan guarantee that Obama promised to support on the campaign trail.

After opening higher, Uranium Energy (UEC), Cameco (NSYE: CCJ) and Denison Mines (DNN) have all slipped into the red. Denison is the leading uranium player over the last month, up by 10.5%.

As of this writing, the Uranium Stocks Index is one of the 15 worst performing tickerspy Indexes over the last month, down by -11.9%. It will be interesting to see whether Obama’s positive sentiment can lift these stocks further in 2010.

Investors can track the Uranium Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: CCJ, DNN, UEC, URRE, URZ, USU