Some cheap energy stocks for investors to consider buying in May this year. Framing this article is that the G7 countries have agreed to phase out unabated coal power plants by 2035, with some flexibility for nations heavily reliant on coal. This marks a significant milestone in the global effort to reduce greenhouse gas emissions and limit global warming. Source: The thinkorswim® platform from TD Ameritrade Cameco (NYSE:CCJ) is the world's largest publicly traded uranium miner. It provides a significant po ...

With news that the Russians opened another front in its belligerence against Ukraine, it's clear that energy stocks to buy need to rise to the forefront. Geopolitically, the narrative is only becoming more intense, with fears rising that global supply chains could be disrupted. It's not a far-fetched concept. Before Congress approved an import ban on Russian-sourced uranium, concerns existed that the Kremlin could choose to cut supplies of the critical energy resource to the U.S. and Western nations. With t ...

FN Media Group News Commentary PALM BEACH, Fla., May 7, 2024 /PRNewswire/ -- An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium.  The report said: "Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosti ...

Uranium specialist Cameco (NYSE:CCJ) has struggled in recent sessions as investors digested its latest financial results. While the print was somewhat downcast, the market appears to be ignoring the broader positive backdrop. Therefore, CCJ stock could be a higher-risk, higher-reward contrarian bullish opportunity.On Tuesday, the uranium producer reported a net loss of $7 million in the first quarter. The comparison to the year-ago quarter’s $119 million profit was rough. Further, sales declined to $634 mil ...

Company Participants Operator Rachelle Girard I'm going to hand it over to Tim in just a moment to briefly discuss the momentum that continues to build behind nuclear energy and how the continued execution of our strategy and transition back to our Tier 1 cost structure has positioned us to benefit from the tailwinds. After, we will open it up for your questions. Today's call will be approximately 1 hour, concluding at 9:00 a.m. Eastern Time. the media. During the Q&A session, please limit yourself to two q ...

In the latest trading session, Cameco (CCJ) closed at $49.16, marking a +0.82% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.46% for the day. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.The uranium producer's shares have seen an increase of 14.16% over the last month, surpassing the Basic Materials sector's loss of 1.93% and the S&P 500's loss of 3.04%.Market participants will be closely following the financial results of Cameco in ...

Cameco Corporation (CCJ) is scheduled to report first-quarter 2024 results on Apr 30, before the opening bell.Q1 EstimatesThe Zacks Consensus Estimate for CCJ’s first-quarter earnings is pegged at 33 cents per share, which indicates a 65% improvement from 20 cents per share reported in the year-ago quarter. The estimate has remained stable over the past 30 days.Q4 PerformanceCameco reported adjusted earnings per share of 15 cents in the fourth quarter of 2023 compared with 7 cents in the year-ago quarter. T ...

Cameco (CCJ) closed the latest trading day at $49.59, indicating a -1.74% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 1.46%. Meanwhile, the Dow lost 1.24%, and the Nasdaq, a tech-heavy index, lost 1.63%.The the stock of uranium producer has risen by 26.33% in the past month, leading the Basic Materials sector's gain of 3.2% and the S&P 500's gain of 1.6%.Market participants will be closely following the financial results of Cameco in its upcoming r ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Cameco (CCJ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Cameco currently has an average brok ...

Cameco (CCJ) closed the latest trading day at $47.90, indicating a -1.74% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.The uranium producer's shares have seen an increase of 19.57% over the last month, surpassing the Basic Materials sector's gain of 3.94% and the S&P 500's gain of 1.65%.Analysts and investors alike will be keeping a close eye on the performance of C ...