Obama Helps Uranium Shares With Nuclear Outlook (URRE, UEC, URZ, USU, CCJ, DNN)
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.
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.
|Home | Find | Research | Track | Register | My Account | Logout||Web site design by LightMix|
|© 2010 Indie research Corp. All rights reserved.|