United Health (UNH) is not the most exciting stock out there, but it continues to be fairly-valued and among the leaders in its space, while many other sectors look like they’re in bubble territory. Investors can play the space via two ETFs as well, either the Global X Uranium ETF (URA) or the NorthShore Global Uranium ETF (URNM). The Cameco chart also looks good once it finishes this correction and hits new highs: This company trades for the ticker “U” on the Toronto Stock Exchange, and “URPTF” for the American OTC ADR version. Garrett sees a potential doubling in the Uranium Participation Corp’s price in the next few years, which actually would just imply that uranium gets up near the cost of new production. My preferred risk/reward play for example, simply holding uranium itself via the Uranium Participation Corp, went from trading 20% below NAV to trading at NAV.

And then bam, all at once they had a big upward move recently. The uranium stocks were ignoring that uptrend, however, and kept making lows. Overall, the price of uranium itself has been in a quiet bull market for a few years after finding a bottom: With the magic of sentiment, the right players in the market just seemed to “wake up” to uranium’s long-term supply/demand characteristics and start pricing things forward. Interestingly, this big move in uranium stocks over the past couple months was not due to a move in the price of uranium. So, the industry is working through existing (secondary) supplies until they dry up.Ĭhart Source: Deep Yellow September 2020 Presentation Asia and the Middle East plan to bring plenty of reactors online over the next decade, and there isn’t enough production to cover it. However, this is likely a 5-10 year bull story, as uranium is still below the cost of production. Since then, we’ve had quite a move up, as the sector has broadly outperformed: I went long in two of my portfolios with some of the more conservative picks the Uranium Participation Corp ADR (URPTF) and Cameco (CCJ). I originally wrote about uranium bullishly in my Octodeep dive piece on the sector.

In this issue of “Where Fundamentals Meet Technicals”, I look at the uranium sector and a few other stocks.

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