The uranium market has been on fire over the past year. The spot price has risen from $20 to $113 since 2004. And now, with uranium futures available to trade on the Nymex starting today, the speculators will join in, as well as the uranium producers who are looking to hedge. It's important to take a look at the stocks that might be affected, and how.
On the April 13 broadcast of CNBC's "Mad Money," Jim Cramer said there are two plays that can take advantage of the fact that Wall Street had not yet priced in uranium's cost at over $100, and the expense of producing it at $50 per pound if you extract it from phosphate. Check them out at Cramer's Stealthy Uranium Plays.
Of the two, Cramer said he likes Mosaic Company(MOS Quote) better than CF Industries Holdings(CF Quote). ...
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