NXE - Hot Stocks: Uranium stocks pop; M sets high; BTU jumps on guidance; RVNC plunges; CGEM slides on CEO departure
Energy prices have been a key driver on Wall Street in recent weeks, with the primary focus being on oil. Monday saw a couple of other aspects of the market come into the spotlight, including big gainers out of the uranium and coal sectors. For uranium, news that a major global producer will launch a physical fund for the commodity sparked a rally in the sector. Denison Mines (NYSE:DNN), Energy Fuels (NYSE:UUUU), Cameco (NYSE:CCJ) and NexGen Energy (NYSE:NXE) all posted gains. Turning to coal, Peabody Energy (NYSE:BTU) represented a major gainer on the session. A strong Q3 forecast allowed the stock to expand its value by a fifth. Outside the energy sector, Macy's (NYSE:M) was another major winner on the session. Speculation about an IPO of the e-commerce unit at rival Saks Fifth Avenue drove the stock to a fresh 52-week high. Turning to some of the day's major decliners,
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Hot Stocks: Uranium stocks pop; M sets high; BTU jumps on guidance; RVNC plunges; CGEM slides on CEO departure