Time for Nuclear Energy and Uranium Stocks to Shine?

Includes: CCJ, DNN, EXC, NLR
by: Tate Dwinnell

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 (NYSEARCA: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 (NYSE:EXC)
- British Energy [UK]
- Mitsubishi Heavy (Japan)
- Uranium One (Canada)
- Denison Mines (NYSEMKT:DNN) (Canada)
- Energy Resources (Australia)
- Paladin Resources (Canada)
- Cameco (NYSE: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.

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