| From: Julius Wong | 4/3/2021 7:29:38 AM | | | | | | Uranium, lithium names rally on clean energy optimism
Apr. 01, 2021 2:44 PM ET Uranium Energy Corp. (UEC) By: Carl Surran, SA News Editor 63 Comments
Investors hunting for a way to capitalize on President Biden's big plans for clean energy infrastructure are latching on to uranium names, which are moving broadly higher in today's trading.
While nuclear energy is not specifically mentioned in the $2T infrastructure proposal, its federally mandated "energy efficiency and clean electricity standard" would seem difficult to achieve without it.
Presidential climate advisor Gina McCarthy says nuclear energy should be one of the power sources eligible for a national Clean Energy Standard mentioned in the Biden plan.
After posting gains yesterday, shares are accelerating higher: UEC +9.9%, DNN +7.3%, URG +7.3%, UUUU +5.1%, OTCQX:FCUUF +5%, NXE +4.7%, CCJ +3.9%, OTCQX:WSTRF +3.8%.
Two new research reports from BMO Capital and Morgan Stanley say today's uranium prices mark a floor and predict a rally in prices over the next few years to ~$50/lb. by 2024.
Most lithium names are stronger too: LTHM +8.9%, ALB +3.6%, SQM +2.5%.
ETFs: URA, URNM, LIT |
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| From: Julius Wong | 4/3/2021 7:35:15 AM | | | | | | Semiconductor stocks gain after Micron earnings beat, TSMC's $100B capacity plan
Apr. 01, 2021 12:05 PM ET Brooks Automation, Inc. (BRKS) By: Brandy Betz, SA News Editor 9 Comments
The Philadelphia Semiconductor Index is up 2.3% compared to the 1.5% gain for the broader tech sector (NYSEARCA: XLK) after a positive earnings report from Micron, rumors of a Kioxia deal, and TSMC's $100B capacity expansion investment.
Micron reported upside fiscal Q2 results driven by particularly strong demand in mobile, industrials, and automotive. The company forecast a strong FQ3 as DRAM demand continues to outpace supply and NAND stabilizes.
Despite the current "severe" DRAM shortage, Micron plans to stick with its "conservative" capex strategy for the year.
Micron and memory peer Western Digital were at the center of one support saying the companies were considering separate bids for NAND giant Kioxia. But another report said Kioxia would prefer to pursue an IPO.
Foundry giant TSMC plans to spend $100B over the next three years to expand its fab capacity. TSMC had already forecast 2021 capex of $25-28B.
Top semiconductor movers today include semi equipment and adjacent names Brooks Automation ( BRKS +6.9%), Entegris ( ENTG +5.6%), Teradyne ( TER +3.6%), Lam Research ( LRCX +5.2%), Applied Materials ( AMAT +4.7%), KLA ( KLAC +3.4%), and ASML ( ASML +1.4%).
Related: Yesterday, semi stocks got a boost after President Biden unveiled a $2T infrastructure plan that requested a $50B investment in domestic semiconductor manufacturing. |
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| To: Clam digger who wrote (6260) | 4/3/2021 8:08:29 PM | | From: robert b furman | | | | Hi Clam,
70K can buy me a lot of Truck jewelry.
I prefer a gas tank that can be filled and not have to wait in line for a charging station that takes 20 minutes for a 80% charge.
Think of how many gas stations there are and how many pumps there are.
Biden's plan to build charging stations is a pimple on an elephants azz if you want to "SEE THE USA".
It is a great idea to recharge at night at home or while at work.
It will work for distribution of things along a defined route.
It's an urban phenom in a large land mass country.
I'll be pumping gas in my ICE 4x4 for the rest of my life.
Not to mention my old Chevy's.
Happy Easter Clam digger.
My wife has baked her traditional Italian Easter Bread with anise aroma.
Tomorrow, we shall praise the Lord and "Thank Him" for the wealth we have in this great country.
Bob |
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