Stock Picker: How To Play the Nuclear Game
Bill Spiropoulos likes America's new-found fondness for nuclear power, and he says there's one stock that stands to benefit a lot. He refers to Republican presidential candidate John McCain's call for the construction of 25 nuclear power plants.
"You can't do that unless you have the yellowcake (uranium ore)," the chief executive of Core States Capital Advisors told CNBC.
So what company has the biggest slice of yellowcake?
"I think that BHP (Billiton) is a great trade," he said.
For those less willing to bet on a single stock, he recommends the Powershares Global Nuclear ETF.
"You can buy the whole global industry...in one fell swoop," he said. "It's clean, it's tidy, and you don't have to worry about what parts you should have or should not have."
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Disclosure information for Bill Spiropoulos was not immediately available.