Since Election Day, plenty of sector and industry exchange traded funds have emerged as beneficiaries of Donald Trump’s stunning victory. One of the Trump trade ideas, and one accessible via ETFs, that is flying somewhat under the radar is nuclear energy.
Another ETF for accessing the nuclear trade is the VanEck Vectors Uranium+Nuclear Energy ETF (NYSEArca: NLR), which takes a broader approach, including exposure to large and more stable utilities.
“Second, the bellwether stock in the uranium mining space is Cameco Corp, symbol CCJ. It broke out in December, came back to test exactly its breakout point. That is also no coincidence, as breakouts always tend to be followed by a retest of the breakout point. If the market now buys the stock at the breakout point, it confirms the start of a bull market,” notes ETF Daily News.
NLR is not the pure uranium play that URA is and the former has traded slightly lower this year.