The New York Times reported on Friday that U.S. President Donald Trump’s administration is considering several executive orders to expedite the construction of nuclear power plants. By definition, higher demand will create a tailwind for uranium prices and stocks. We believe Trump will pull this lever as he looks to reduce energy prices, one of his big promises on the campaign trail – remember “Drill baby drill”.
- I believe the risk/reward towards the URNM ETF at the $7.50 level is attractive for at least a 20-25% bounce.
Trade Idea: Buy BetaShares Uranium ETF (URNM) at $7.50, with a stop loss at $6.80 – a 9% risk.
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