Jim Cramer Recently Talked About These 20 Stocks

18. Cameco Corporation (NYSE:CCJ)

Number of Hedge Fund Holders: 77

Cameco Corporation (NYSE:CCJ) is one of the stocks Jim Cramer recently talked about. Cramer noted that he blessed this stock previously. He remarked:

“Every day, we have people calling in on uranium stocks, anything uranium, right? Most of them are huge money losers. But these days, we’re so short on power that we’re opening up old decommissioned nuclear power plants that were never supposed to be reopened. These plants are supposed to be dead. Now, they’re the undead. They’re vampire plants. Today, we learned that the US government signed a deal with Westinghouse, jointly owned by Brookfield Renewable Partners and Cameco, that’s a uranium company… and that’s going to help construct $80 billion worth of new nuclear reactors. Suddenly, the stock of Cameco, which I blessed by the way in last Friday’s lighting round because it actually profitably produces uranium, unlike the rest of them, jumped 23% in one session. That’s huge. It’s insane. It’s positively insane.”

Cameco Corporation (NYSE:CCJ) produces and supplies uranium and nuclear fuel used in electricity generation. Additionally, it offers reactor technology, engineering support, and maintenance services.