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Donald Trump’s aim for more nuclear weapons sends uranium stocks upward

Donald Trump Is the Stock Market’s Most Interesting Man, Bloomberg, by Joseph Ciolli  and 

Lily Katz 23 Dec 16, 
  • Uranium ETF surges right after post as underlying shares soar
  • Icahn pick moves stocks the investor has previously rebuked

Donald Trump’s still the most interesting man in the world for U.S. stock investors.

A Twitter post from the President-elect signaling support for beefing up America’s nuclear arsenal sent shares in uranium miners surging……..

Trump’s call for expanded nuclear capability erased a loss of 2 percent in an exchange-traded fund tracking a basket of uranium miners. Uranium Energy Corp. climbed as much as 14 percent intraday to lead gains in the fund, while Mega Uranium Ltd. and Laramide Resources Ltd. are on pace to gain more than 3.7 percent…….

Goldman Sachs Group Inc. shares have surged 32 percent, touching the highest since 2007 this week, to lead financial shares higher on speculation Trump will roll back industry regulations. Goldman alumni dot the billionaire’s inner circle, with his picks for Treasury secretary, economic adviser and chief strategist all having ties to the investment bank………https://www.bloomberg.com/news/articles/2016-12-22/trump-stock-market-s-most-interesting-man-as-tweet-roils-nuclear

December 24, 2016 - Posted by | business and costs, Uranium, USA

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