These have been some of the top stocks off the April lows, and now the old-school names like Cameco $CCJ are powering higher too.
What I’m saying is the entire nuclear space is red-hot, and I want more of it.
Here’s the VanEck Uranium & Nuclear ETF $NLR breaking out to its highest level since 2008.
After a 50% move in two months’ time, one might think this trend is extended, but it’s not.
This is a fresh breakout over longer timeframes, and price should keep climbing up the right-hand side of this structural base.
But today, we’re going to forget the old nuclear names and forget the new nuclear names. Everyone already knows about them.
I want to talk about the $500M picks and axes play, ASP Isotopes $ASPI.
ASPI isn’t making power plants—it’s developing isotopes with potential roles in quantum computing, semiconductors, and advanced nuclear fuels.
Now, I’ll be the first to admit I don’t even know what an isotope is. But just read that sentence one more time.
AI. Big data. Nuclear.
ASPI is at the forefront of these three mega trends. That’s all I need to spark my interest in this kind of market. Sounds like a great story.
And the chart checks out, so I’m looking to buy this breakout.
ASPI popped to new all-time highs to start the week, but gave back almost 10% today on negative geopolitical headlines.
That’s perfect because now we can bet on this being a false start and buy it on strength once the real breakout occurs.
The former high around 9 is the level for me. I’m long above there with a target of 15.
Short interest is currently sitting at an all-time high around 26%, and the days-to-cover ratio is an alarming 6x.
I think the bears are about to get smoked on this one.
For access to our nuclear industry deep dive report, which outlines our favorite names in the space, sign up for ASC Premium risk-free today. This one was on the house.
