Nuclear Fallout
The rest of the word is starting to leave the U.S. "in the dust" as other countries move ahead to build nuclear power plants, Cramer told his viewers. "We may be falling behind with nuclear power, but that doesn't mean you can't profit from it," he said. Because of the nuclear power buildout, the price of uranium has skyrocketed." On speculation Friday, Cramer gave his viewers two risky plays off the uranium demand: Mosaic (MOS Quote) and CF Industries (CF Quote). These are two stocks that can profit from turning the phosphate used to make fertilizer into uranium, he said. "Mosaic is the largest producer of phosphate on earth," Cramer said. "Mosaic has got the phosphate, and phosphate has got the uranium." CF Industries has already seen a little jump, but it should still be OK to buy it, he said. CF is good, said Cramer, but he likes Mosaic better. Although the companies haven't announced that they will start uranium production from phosphate extraction, Cramer believes they are being coy about it. As long as uranium stays over $50 a pound, he doesn't see any reason for them not to restart their production of it, he said.- Loading Comments...
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