CCJ
June 22, 2026 | BEPC, CCJ, Daily JAM, Jubak Picks |
The Iran war isn’t over. We’re either moving into a new extended cease fire or a step back toward heightened conflict or a negotiated honest-to-goodness peace agreement. It’s too early to tell, in my estimation. But it’s not too early for countries and political leaders to be drawing their own conclusions about the lessons of this war. I think those conclusions are likely to result in a revolution in the global commodity economy. And it’s not too early to reorder your portfolio to reflect those lessons. In this Part 1 post, I’m going to outline the two major lessons that countries are drawing from the Iran war, sketch in the ways that those conclusions are going to change the market for two commodities (LNG and uranium)–and related markets–and finally give you a few preliminary stock buys and sells that reflect my understanding of the likely shape of this commodity revolution. In Part 2 next week I’m going to apply this same framework to solar and also look at the likely new commodity choke points as more countries apply the lesson of the Hormuz blockade to other commodities.
April 28, 2026 | CCJ, COST, Daily JAM, Jubak Picks, LNG, PAAS, Special Reports, WMT |
Could stocks move higher from here even though they’re more expensive than a year ago? Of course.
Could they gain another 29.8% in a year? It’s possible. But it strikes me as unlikely.
That sums up the current market puzzle very neatly, I think. Stocks are expensive and don’t seem to be pricing in potential very real risks. But stocks have returned almost 30% in the last year. And it’s very hard to walk away from the possibility of that kind of gain. Even if it is unlikely. What I’d suggest right now is a stock market strategy that takes into account both a solid appreciation of the excessive valuations in this market (along with a failure to price in risk), and the realities of investor psychology.
It is too difficult to go cold turkey on stocks right now and move 100% out of the market. On the other hand, you should be moving to reduce your exposure to the riskiest parts of the market–high multiple stocks–and raising your exposure to counter-cyclical or non-cyclical stocks. In this post, I’m going to give you 10 stock picks to use in executing that kind of strategy–a way to stay in the market and yet to reduce your risks.
October 28, 2025 | CCJ, Daily JAM, Jubak Picks |
Shares of Cameco (CCJ) soared by 23.42% today after the Trump administration announced it will take a stake in at least $80 billion of new nuclear reactors. The deal is with Westinghouse, owned jointly by Cameco and Brookfield Asset Management.
October 21, 2025 | CCJ, Daily JAM, Jubak Picks, Top 50 Stocks |
Third, the intense competition to lock up sources of decently priced and reliable electricity: Pick #6: Cameco
September 30, 2025 | CCJ, Daily JAM, GNRC, JCI, Jubak Picks, LNG, Long Term, Special Reports, Top 50 Stocks, Volatility |
You don’t need the Department of Energy or the Energy Information Administration to tell you we have an energy crisis. (Good thing since they’re shut down with the rest of the Federal government today.) All you need to do is look at your electricity bill. This summer monthly home electric bills jumped in Trenton, New Jersey, for a typical home by $26. In Philadelphia, it increased about $17. And in Columbus, Ohio, it spiked $27. And your monthly bill doesn’t capture the full damage. In California,residential electric rates are up 62% in five years. In Maryland residential rates are up 54% in five years. Most frustratingly–and most importantly for investors–those bills don’t explain the nature of the crisis.
Or more accurately “crises.” Because we’re the middle of three, overlapping and interlocking energy crises. That are playing out on different timeframes that range from NOW to the next 5 to 10 years. It’s that last point that’s critically important for investors. Because to make money–and let’s be clear: like in all crises there’s money to be made investing in these three crises–you’ve got to understand the nature of each crisis and buy into it at the right time. Not so early that you sell in disappointment because your profits haven’t arrived yet. Not so late that all themes tasty profits are gone. This Special Report is about untangling the 3 energy crises, giving you a timeline for investing in each, and then calling out 10 picks you cause to profit from theses crises. Ya, ready?
March 3, 2023 | CCJ, Daily JAM, Jubak Picks |
When I added Cameco (CCJ), the big Canadian uranium producer, to my Jubak Picks Portfolio on February 22, 2023, I argued that plans by China and India to burn more coal, despite a potentially catastrophic increase in global temperatures, meant that the world would have to put plans to phase out nuclear power on hold. And that a world desperate to avoid the worst climate outcomes would lead to a revived nuclear power industry–and higher uranium sales for Cameco. Now California has provided a roadmap for exactly how and why this will happen.
February 21, 2023 | CCJ, Daily JAM, Jubak Picks |
Today I posted my two-hundred-and-thirty-ninth YouTube video: Quick Pick Cameco Today’s Quick Pick: Cameco (NYSE: CCJ). I’m not a fan of nuclear power. Relying on an energy source that produces waste that will remain radioactive for thousands of years when we have no real solution for long-term disposal, is, to me, not the best idea. However, we’ve waited so long to deal with climate change and we still haven’t upgraded the grid so that wind and solar can replace current baseload power sources, so nuclear power will remain in the mix longer than expected. And might even see an increase in its share of the electricity market. Cameco is one of the largest producers of uranium in the world. The company has a lot of capacity that it can bring back into production since it shut down a number of mines when demand for uranium was down. The stock is up about 35% in the last year, 30% year to date, and 16% in the last month. For the trailing 12 months, the company was actually profitable ($116 million), following a loss in 2021 and 2020. You may want to wait for another dip in the general stock market for this one, or dollar cost average into it, but for global warming solutions, this is a good play since we’ve dragged our feet until we’re in an emergency that will require non-optimum, shall we say, solutions. I’ll be adding the stock to my Jubak Picks Portfolio tomorrow, February 22.
