Time for Nuclear Energy and Uranium Stocks to Shine?

Over the past several weeks we’ve seen a tremendous surge in all commodities - across platinum, gold, oil, aluminum, wheat, coal and on and on….

Is it time for nuclear energy and uranium stocks to shine? That appears to be the case. Take a look at the Market Vectors Nuclear Energy ETF (NLR) and you can see that it has busted through a multi month downtrend. The Market Vectors ETF is a great diversified way to play this industry. Not only is it diversified across companies, but countries as well.

According to ETF Connect, the top 10 holdings include:

- Exelon (EXC)
- British Energy [UK]
- Mitsubishi Heavy (Japan)
- Uranium One (Canada)
- Denison Mines (DNN) (Canada)
- Energy Resources (Australia)
- Paladin Resources (Canada)
- Cameco (CCJ)
- Kajima (Japan)
- JGC Corp (Japan)

It’s interesting to note that only one of the top 10 is headquartered in the US. Exelon (EXC) is the largest US utility company and the top holding of the fund. Only Cameco (CCJ) joins Exelon as a US based company in the top 10, with representation from Canada, Australia and Japan rounding out the top 10. Only Excelon (EXC), Cameco (CCJ) [the largest US uranium miner) and Denison Mines (DNN) are traded on US exchanges.

Comments

[vaduz:]

it would be very additionally interesting to know the percentages of the holdings

2008 Feb 28 09:36 AM

[customer man:]

Vaduz,

Go to etfconnect.com and you will find theinfo you are looking for.

2008 Feb 28 02:47 PM

[FRANKO:]

Is the Japanese company included - Toshiba - owns the old Westinghouse splintered segment (once a great company developed mainly by hard-working Western PA people until their idiot "leaders" lost their shirts in real estate). Also does NLR include the Germany company -name? with pebble bed nuke plants to be run by the CHICOMS?

2008 Feb 28 03:02 PM

[REBEL:]

Yes, I thought Toshiba should be in the ETF and also the pebble bed nuke plant makers - think that is Siemens

2008 Feb 28 04:41 PM

[Candace:]

With due respect, it was Phar Mor Drug Stores that broke the old Westinghouse. Specifically, Westinghouse Finance, actually lost the money, and the rest of the company went down with it. It should be noted that the head guy at Phar Mor did go to jail for fraud. Phar Mor was a Youngstown, Ohio, company, which is pretty close to Pittsburg. That was the first time I ever watched a Dow stock go to zero. When people now say GE is invincible, I think of GE Finance and say to myself, 'It could happen to anybody.'

2008 Feb 29 12:21 AM

[contrariwise:]

Umm, Cameco is a US based company? Last time I checked, its headquarters, 2121-11th Street West, Saskatoon, Saskatchewan, S7M 1J3, was squarely in Canada, along with most of its operating mines, proven reserves, processing capacity and other assets.

2008 Feb 29 12:54 AM

[GREEN Energy:]

What about Thorium? Even though it is a small NASDAQ listed company Thorium owns the mining rights and proprietary technology that produces nuclear energy absent the plutonium. THPW is the ticker symbol. You have to consider it. Don't be surprised if this stock one day soon is getting courted to be a member in this ETF

2008 Feb 29 08:39 AM

[Winston Kotzan:]

Cameco is a Canadian company!

2008 Feb 29 01:50 PM

[Little Turtle:]

If you dig in this previous article, you'll find a better index with more components: seekingalpha.com/artic...

2008 Feb 29 09:17 PM