Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to review his thoughts on the energy sector, and why he has been positioning in oil and uranium stocks, as well as the potential for more upside in the artificial intelligence megatrend.
We start off getting Sean’s take on the key macro drivers in the oil price movements and projections moving into the medium-term. He also reviews the types of oil stocks he would invest in for this environment, mostly in the more oily stocks, but not overlooking a few deals in the natural gas space, as well as reflecting on the continued strength and positive outlook for the oil services sector.
Next, we discuss some of the key constructive macro trends in the nuclear energy sector and how that relates to bullish fundamentals for the uranium mining stocks. Sean discusses the strong price action in Cameco (CCO) (CCJ) as a sector major producer and widely followed company; but also highlights his interest in a half dozen other more advanced uranium companies based on better contracting agreements and future expectations for future production growth coming online in this sector.
We wrap up by getting his rationale for buying the dip in the AI stocks, and that despite Wall Street’s propensity to jump on trends when they are peaking, that he sees artificial intelligence as a megatrend that will fundamentally change business and daily life, and that some companies have longer-term growth potential.
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