Market Vectors Nuclear (NLR)
President Obama announced new loan guarantees for construction of nuclear plants last Tuesday, signaling a political shift in favor of atomic energy. With that favorable change in place, uranium miner Cameco (CCJ - Get Report) reports earnings on Wednesday. CCJ is the NLR's No. 3 holding, accounting for 7.8% of its assets.
Analysts are expecting earnings of 58 cents per share on revenue of $525 million. In addition to the results, investors may be looking for another update on the flooded Cigar Lake property. Two weeks ago the company said it had pumped out the mine, adding it is expected to be secure by October 2010.