This $US25bn US uranium stock puts the ASX sector to shame. It’s about to make new highs while local names languish in ugly bear markets—at least for now. Following President Trump’s commentary, we believe the US is going to push ever harder into nuclear power, driving up stocks like CCJ in the process. We believe the fundamental tailwinds for this energy source, and it’s a matter of when/not if, that uranium and the whole sector punches higher.
- We are looking for CCJ to post fresh all-time highs through 2025, now only 7% away, MM holds Cameco in the International Equities Portfolio
MM is bullish on Cameco (CCJ US), looking for new highs through 2025
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