Uranium Stocks Are Decoupling From Broader Market Gloom

Summary

Uranium decoupled from stock and bond markets until September 12, 2022. URA may buck the trend of falling markets.

Germany is extending two nuclear power plants.

France announced construction plans for 5 new nuclear plants. Cameco has filed a shelf offering for $1.5 billion that will most likely be used for M&A in the sector. PytyCzech Over the past month global equities and bonds have swooned. One trend that bucked the trend until recently was the uranium sector. Trading View With some major positive news today, it appears that the uranium sector may be in the process of decoupling from broader markets.I will illustrate how these developments should benefit the Global X Uranium ETF (NYSEARCA: URA ). Germany To Extend Nuclear Plants One of the most steadfast opponents to nuclear energy has been the Green Party in Germany. Despite a brewing energy crisis in Europe, Germany refused to […]

Click here to view original web page at seekingalpha.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.