The Weekly Buzzing Stocks by Billy Kawasaki
Cameco Corp. (US)
CCJ-N
TOP PICK
Sep 09, 2021
One of the world's largest freestanding uranium play. A good source of alternative energy. Uranium prices have rebounded, which has helped the stock. Social media mentions are up 17% in the last 24 hours.
A uranium play. This is blowing up to the upside. It was below 20 in February, now pushing 30 and will keep going. The market is buying 25,000 April 35 calls.
options It's hitting 52-week highs. Today saw a buyer of 4,000 of the September 32 calls, bought at $4.60, and hedged that by selling the 40 calls against it.
Too speculative though he missed the 21% rally over the past 3 months. Already uranium stocks a headwind in that it's almost impossible to build a nuclear reactor, though some will disagree.