Uranium Bull Returns? – Fat Tail Daily | Australian Markets
Cameco has cut uranium manufacturing forecasts which put a rocket below the uranium sector. It appears just like the bull market has returned and there are a few stocks trying able to run.
Friday noticed a enormous spike in uranium stocks after Cameco [TSX:CCO] lowered manufacturing steerage.
They lowered 2025 manufacturing steerage to 14–15 million kilos from 18 million kilos.
That was enough to encourage an throughout the board soar in uranium stocks which is a good signal that the market is close to being in steadiness again.
The uranium price has been creeping greater during the last month after a critical correction occurred in 2024.
But the long-term chart remains to be trending up.
Next leg up in uranium begins
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Source: TradingEconomics.com |
If uranium can head above US$80/lb within the short-term, it might begin working onerous.
Callum and I’ve a have a look at a few of the stocks which might be trying fascinating within the uranium sector.
We additionally talk about markets typically because the bull market steps up one other gear.
Earnings season has had a few stocks implode on dangerous outcomes, however there have additionally been some star performers.
Retail stocks have been a vibrant spot with Harvey Norman [ASX:HVN], AP Eagers [ASX:APE], Temple and Webster [ASX:TPW], Nick Scali [ASX:NCK], and Lovisa Holdings [ASX:LOV] all impressing the market.
So it appears like the patron is opening their wallets again as rates of interest begin to fall.
It is a good signal that the bull market is evolving and might proceed to run.
So grab a cup of tea and a Tim Tam, sit back and revel in one other instalment of Closing Bell. Be sure to offer us a ‘like’ on the YouTube model and depart us a remark if you’d like us to have a look at a stock for you.
Regards,
Murray Dawes,
Retirement Trader & International Stock Trader
All advice is common advice and has not taken under consideration your personal circumstances.
Please search impartial financial advice relating to your own state of affairs, or if doubtful concerning the suitability of an investment.
Murray Dawes is our resident professional trader and portfolio supervisor. He is a former Sydney Futures Exchange ground trader who went on to design customized trading systems and techniques for extremely-rich purchasers (together with one of Australia’s richest households). Today, his mission is to help unusual Aussie traders make profitable investments, whereas expertly managing risk.
He makes use of his proprietary system for his more conversative and longer-time period-targeted service Retirement Trader…after which applies the identical system to the extremely-speculative finish of the Australian market in Fat Tail Microcaps (this service is strictly restricted and through invitation solely).
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