Market Overview - U.S. stock futures showed mixed movements following a positive trading session on Monday, where benchmark indices reached new records due to successful trade negotiations with China [1] - The Federal Reserve is expected to announce a decision on interest rates, with a 97.8% likelihood of a cut in the October meeting [2] - Major indices' futures showed slight declines for Dow Jones and S&P 500, while Nasdaq 100 saw a minor increase [2] Company Earnings and Performance - United Parcel Service (UPS) is expected to report earnings of $1.31 per share on revenue of $20.83 billion, with a short-term strong price trend but weak medium and long-term trends [5] - UnitedHealth Group (UNH) anticipates earnings of $2.81 per share on revenue of $113.06 billion, showing a strong medium and short-term price trend but weaker long-term performance [5] - Cameco Corp. (CCJ) rose 9.67% and Brookfield Asset Management (BAM) advanced 3.52% after announcing a partnership with the U.S. Government for $80 billion in new nuclear reactors, maintaining a strong price trend [5] - 3D Systems Corp. (DDD) gained 9.45% due to significant milestones in its Saudi joint venture, indicating a strong price trend across all time frames [5] - Waste Management Inc. (WM) shares fell 2.51% after reporting weaker-than-expected third-quarter results, maintaining a poor growth ranking [6] Sector Performance - Information technology, communication services, and consumer discretionary sectors recorded the biggest gains, contributing to a positive close for most sectors on the S&P 500 [7] - Consumer staples and materials sectors, however, closed lower, bucking the overall market trend [7] Analyst Insights - Professor Jeremy Siegel highlighted robust corporate profits as a key driver for the market, expecting a 25-basis point cut from the Federal Open Market Committee [9] - Siegel noted that earnings are strong and the real economy looks good, despite some tariff-related price noise being temporary [10] - Sentiment remains cautious, with positioning still hedged, which Siegel views as a healthy sign for the market's future [11]

Group 1 - Westinghouse Electric Company, Cameco Corporation, and Brookfield Asset Management have partnered with the United States government [1] - The partnership aims to build new nuclear reactors valued at a minimum of $80 billion across the country [1]

Core Insights - Cameco Corporation and Brookfield Asset Management have formed a strategic partnership with the United States Government to enhance the deployment of Westinghouse nuclear reactor technologies, aiming to revitalize supply chains and the nuclear power sector both in the US and globally [1][2][3] Partnership Structure - The agreement includes the US Government facilitating financing and permitting for new Westinghouse reactors, with a total investment of at least US$80 billion, which will support the American power grid and data centers [2][6] - The US Government will receive a 20% participation interest in cash distributions exceeding US$17.5 billion from Westinghouse, contingent upon a final investment decision and definitive agreements for reactor construction [6][7] Market Impact - The partnership is expected to boost confidence in the nuclear power sector, leading to increased demand for products and services from Westinghouse and Cameco [4][5] - The construction of new nuclear power plants is anticipated to accelerate growth in Westinghouse's energy systems segment and its core fuel fabrication and reactor services business [4] Strategic Goals - The collaboration aims to create value through the US Government's support in financial, regulatory, policy, and diplomatic areas, enhancing energy, national, and climate security [3][4] - The partnership is positioned to unlock significant long-term value, with the potential for an initial public offering (IPO) of Westinghouse if certain conditions are met by January 2029 [7] Company Positioning - Cameco is recognized as one of the largest and most reliable suppliers of uranium and nuclear fuel services, poised to benefit from the anticipated growth in nuclear power demand due to this partnership [5][16] - The acquisition of Westinghouse by Cameco and Brookfield in November 2023 combines Cameco's nuclear fuel supply chain expertise with Brookfield's investment capabilities in energy generation technologies [8]

Core Insights - Cameco Corporation and Brookfield Asset Management have formed a strategic partnership with the United States Government to enhance the deployment of Westinghouse nuclear reactor technologies, aiming to revitalize supply chains and the nuclear power industry both in the US and globally [1][2][3] Partnership Structure - The agreement includes the US Government facilitating financing and permitting for new Westinghouse reactors, with a total investment of at least US$80 billion, which will support the American power grid and data centers, particularly for artificial intelligence growth [2][4] - The US Government will receive a 20% participation interest in cash distributions exceeding US$17.5 billion from Westinghouse, contingent upon a final investment decision and definitive agreements for the construction of reactors valued at a minimum of US$80 billion [6][7] Market Impact - The partnership is expected to boost confidence in the nuclear power sector, leading to increased demand for products and services from Westinghouse and Cameco, as well as supporting the expansion of nuclear capacity and diversification of supply chains [4][5] - The construction of new nuclear power plants is anticipated to accelerate growth in Westinghouse's energy systems segment and its core fuel fabrication and reactor services business [4] Strategic Positioning - Cameco, as a leading supplier of uranium and nuclear fuel services, is well-positioned to benefit from the anticipated growth in nuclear fuel demand resulting from this partnership [5][8] - The collaboration is expected to leverage established supply chains from previous projects, enhancing operational efficiency and project execution timelines [4]

Core Insights - The U.S. Government has formed a strategic partnership with Westinghouse Electric Company, Cameco Corporation, and Brookfield Asset Management to construct at least $80 billion worth of new nuclear reactors, aimed at accelerating nuclear power and artificial intelligence deployment in the U.S. [1][2][3] Industry Overview - The partnership is expected to reinvigorate the nuclear power industrial base in the U.S., making nuclear energy a central pillar of the country's strategy to maintain global leadership in nuclear power development and AI [2][4] - The construction of new reactors will create or sustain approximately 45,000 manufacturing and engineering jobs per two-unit Westinghouse AP1000 project, with a national deployment projected to generate over 100,000 construction jobs [4] Company Contributions - Westinghouse is recognized as a global leader in nuclear energy, with its technology serving as the foundation for more than half of the world's operating nuclear power fleet [7][11] - The AP1000 reactor, developed by Westinghouse, is noted for its advanced safety systems and modular construction design, with six reactors currently operational and additional units under construction [8] Strategic Goals - The partnership aims to enhance U.S. energy sovereignty, create high-paying jobs, and position the country at the forefront of a nuclear renaissance [3][4] - Brookfield Asset Management plans to double its investment in critical infrastructure over the next decade, supporting the growth of AI and meeting increasing electricity demand [3][4] Financial Mechanisms - The partnership includes profit-sharing mechanisms that allow all parties, including the American public, to benefit from the long-term financial and strategic value generated by the growth of nuclear energy and AI capabilities [6]

Group 1: Apollo Global Management - Apollo Global Management announced the acquisition of Eagle Creek Renewable Energy, enhancing its position in the U.S. hydroelectric power sector [1] - Apollo Global shares rose 1.6% to settle at $125.00 [5] Group 2: National Fuel Gas Company - National Fuel Gas Company is noted for its "consistency" and will release its fourth quarter and full year fiscal 2025 earnings results on November 5 [1] - National Fuel Gas shares fell 0.5% to close at $81.68 [5] Group 3: Main Street Capital Corporation - Truist Securities analyst maintained a Hold rating on Main Street Capital and lowered the price target from $64 to $60 [2] - Cramer advised against investing in Main Street Capital [2] - Main Street Capital shares slipped 0.3% to settle at $57.45 [5] Group 4: Cameco Corporation - Cramer recommended owning Cameco Corporation, which has received an Outperform rating from CLSA analyst with a price target of $102 [2] - Cameco shares gained 2.1% to close at $88.13 [5] Group 5: Vanda Pharmaceuticals Inc. - Vanda Pharmaceuticals is considered a "spec" by Cramer, with third quarter results expected on October 29 [3] - Vanda Pharmaceuticals shares gained 0.2% to close at $5.50 [5]

Group 1: Apollo Global Management - Apollo Global Management announced the acquisition of Eagle Creek Renewable Energy, enhancing its position in the U.S. hydroelectric power sector [1] - Apollo Global shares rose 1.6% to settle at $125.00 [5] Group 2: National Fuel Gas Company - National Fuel Gas Company is noted for its "consistency" and will release its Q4 and full year fiscal 2025 earnings results on November 5 [1] - National Fuel Gas shares fell 0.5% to close at $81.68 [5] Group 3: Main Street Capital Corporation - Truist Securities analyst maintained a Hold rating on Main Street Capital and lowered the price target from $64 to $60 [2] - Cramer expressed a negative outlook on Main Street Capital, stating "We're not going there" [2] - Main Street Capital shares slipped 0.3% to settle at $57.45 [5] Group 4: Cameco Corporation - Cramer recommended owning Cameco Corporation, which has received an Outperform rating from CLSA analyst with a price target of $102 [2] - Cameco shares gained 2.1% to close at $88.13 [5] Group 5: Vanda Pharmaceuticals Inc. - Vanda Pharmaceuticals is considered a "spec" by Cramer, with Q3 results expected on October 29 [3] - Vanda Pharmaceuticals shares gained 0.2% to close at $5.50 [5]

Group 1: Company Research - Cameco (CCJ.US) is rated as a "Buy" with a target price of $101, indicating a potential upside of 20.9% from the current price of $83.5[7] - The company holds an 18% global market share in uranium production, with a 2023 average extraction cost of $26–32 per pound U3O8, which is competitive compared to other regions[5] - Expected revenues for Cameco are projected at RMB 348.9 billion, RMB 403.7 billion, and RMB 436.7 billion for 2025, 2026, and 2027 respectively, with net profits of RMB 70.7 billion, RMB 111 billion, and RMB 133.5 billion[7] Group 2: Industry Commentary - Centrus Energy (LEU.US) is rated as a "Sell" with a target price of $231, reflecting a downside of 26.6% from the current price of $314.8[11] - The company is one of only two authorized to produce commercial low-enriched uranium (LEU), with a significant market opportunity due to U.S. policies reducing reliance on Russian uranium[11] - Oklo (OKLO.US) is also rated as a "Sell" with a target price of $92.5, indicating a potential downside of 23% from the current price of $120.1[17]

Core Viewpoint - Cameco (NYSE: CCJ) stock has increased over 60% in 2025, positioning itself as a strong player in the uranium industry, benefiting from the global nuclear energy resurgence [1] Group 1: Nuclear Energy Demand - Nuclear energy is becoming a key source of clean energy to meet rising electricity demands, particularly from AI operations and data centers [3] - The U.S. government, under President Trump, is actively supporting the domestic nuclear energy industry [3] Group 2: Cameco's Position in the Market - Cameco is one of the largest uranium miners globally, supplying uranium and fuel services to nuclear utilities in America, Europe, and Asia [4] - The company holds a 49% stake in Westinghouse Electric Company, enhancing its role as a supplier of nuclear equipment and technologies [4] Group 3: Upcoming Earnings Report - Cameco's third-quarter earnings report is scheduled for November 5, which could lead to a further increase in stock value [5] Group 4: Factors Driving Sales and Earnings - The company benefits from high uranium prices, with a September-end spot price of $82.63 per pound and a long-term price of $83 per pound, both the highest in 2025 [6] - Cameco has secured delivery commitments for 2025 under long-term contracts, which could significantly boost revenue in Q3 [6] - Westinghouse's performance is expected to enhance Cameco's earnings, especially with the government's initiatives to restart and build nuclear reactors [8] Group 5: Long-term Investment Thesis - A strong earnings report may serve as a short-term catalyst, but Cameco's long-term investment thesis appears compelling [9]

Key Points Cameco mines uranium and sells it via long-term contracts. Demand for uranium is expected to double in 15 years. 10 stocks we like better than Cameco › If you're focused on rare earth metals like lithium or cobalt, it might be time to look at uranium. Cameco (NYSE: CCJ) is one of the world's premier uranium suppliers, and it just delivered a blowout earnings beat. And with uranium demand expected to surge in the coming decade, Cameco might have more upside ahead. Nov. 5 could be another ...