In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at big call-buying in uranium miner Cameco Corp. ahead of its earnings report before the opening bell on Thursday.
With the sanctions against Russia, countries will turn to nuclear companies to make up for the resulting energy shortages. This puts names like Cameco, the world’s second-largest uranium producer, in a great position.
But a lot of commodity names have traded poorly the past few weeks, even the ones that reported solid earnings.
And it appears that at least one big-money trader is looking to take advantage of the recent weakness…
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