Wall Street Bets Triggers Uranium Rally: ETFs to Tap | Fintech Zoom

Wall Street Bets Triggers Uranium Rally: ETFs to Tap | Fintech Zoom

Wall Street Bets Triggers Uranium Rally: ETFs to Tap | Fintech Zoom

Energy prices have been on the rise this year on a recovery in demand from the worst of the COVID -19 lockdowns as well as limited supplies. Although natural gas and coal are surging to new heights, uranium has surged to the highest level since 2014 (read: Natural Gas ETFs Spike on Storm Threat and Tight Supply).

Most of the rally was driven growing social media attention. This is especially true as the Wall Street Bets forum, which spark an enormous rally in the so-called meme stocks like GameStop GME and AMC Entertainment AMC this year, has now zeroed in on uranium. Retail investors on Twitter are banking not only on uranium reversing its nearly decade-long bear market, but also kicking off a ” Nuclear Renaissance,” that will mark a radical transformation in energy production.

Additionally, the launch of the […]

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.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet