Energy stocks skyrocket, led by uranium producers
Markets on edge today as US decides in weeks if it will join attack on Iran. The oil price jumped as much as 3% overnight before closing 0.8% higher at US75.80. Energy stocks generally are up. ASX-listed Deep Yellow jumped 31% in four trading days, leading Australian uranium stocks big climb so far this week. Investors should expect volatility as we transition into the new financial year as investors rebalance, and a possible broad rally in July. Securities mentioned include Beach Energy, Boss Energy, Constellation Energy, Deep Yellow, Genesis Minerals, Global X Uranium ETF, Life360, Paladin…
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