I’m here with Mom, presiding over a mostly cash portfolio but long some $PEG, $TNA and $TQQQ. The impetus to buy $PEG lies with the concept of making private deals, such as the recent deal between $CEG and $ORCL.
This opportunity is unique to $CEG and partly $PEG because of regulatory concerns that tie utilities to serve their customers. Because $CEG is private they are able to sell their energy to whoever they please. This deal with $ORCL, driven by demand caused by AI, is the impetus for the hottest trade in the market now: nuclear energy.
But since I’m on vacation and not tethered to a screen, I am not positioning in any large amount of individual stocks, opting for a more macro approach.
I’ll be back in the saddle next week.
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Keep an eye on NuScale ($SMR), nuclear small-modular reactor company from Portland. They are the first out of the box gaining actual NRC approval. Maybe two plus years ahead of others.