Keep an eye on uranium stocks, like Cameco (CCJ).
Congress just passed the Russian uranium import ban.
“The broader package also includes a ban on federal licenses for reactor fuel imported from or produced by entities controlled by Russia while adding China and China-controlled entities to the import blacklist,” according to UtilityDive.com.
One of the top stocks that could benefit is Cameco (CCJ), says Goldman Sachs. In fact, Goldman just raised its CCJ price target to $56 a share, noting that, “We continue to see CCJ as a key means of gaining exposure to the entire value chain of uranium,” as highlighted by CNBC.