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The Obama Trade: Going Nuclear

A handful of stocks popped this week after President Obama announced more than $8 billion for nuclear power.

Promising "this is only the beginning," the President promised federal loan guarantees on Tuesday for the construction of the first nuclear power plant in the United States in nearly three decades.

What’s the trade?

I’d keep an eye on USEC , says Tim Seymour. At the end of the day it’s a uranium trade. Also watch Southern Company as a beneficiary of the headline. But with that said, I have no confidence we build a nuclear energy plant anytime soon.


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Trader disclosure: On February 17th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (INTC), (LVS), (MPEL), (AAPL), (BAC), (INTC), (MSFT), (CHL); Terranova Owns (JPM) (AAPL), (GOOG), (RIMM), (JPM), (QCOM), (IBM), (MSFT), (DELL), (EMC), (PALM), Crude Oil Futures; Terranova Is Long Dec. 2010 Oil Futures; Terranova Is Long Dec. 2011 Oil Futures; Grasso Owns (ABK), (AAPL), (ASTM), (BAC), (BGP), (C), (COST), (CSCO), (FAZ), (PFE), (PRST), (WMT), (V); Kelly Owns (ELX) Calls; Kelly Owns (QLGC) Calls; Finerman's Firm Is Short (IJR), (SPY), (MDY), (IWM), (SPY), (USO); Finerman's Firm Is Short SPX Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (GOOG); Fimeran's Firm Owns (IBM), (TGT); Finerman's Firm And Fnerman Own (WFC) Preferred; Finerman's Firm Owns (BDX); Finerman's Firm Owns (BSX); Finerman's Firm And Finerman Own (GGWPQ); Finerman's Firm And Finerman Own (JPM); Finerman's Firm Owns (WMT)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

For Steve Grasso
Stuart Frankel & Co. Inc And Its Partners Own (AIZ)
Stuart Frankel & Co. Inc And Its Partners Own (ABX)
Stuart Frankel & Co. Inc And Its Partners Own (CUBA)
Stuart Frankel & Co. Inc And Its Partners Own (GERN)
Stuart Frankel & Co. Inc And Its Partners Own (GLG)
Stuart Frankel & Co. Inc And Its Partners Own (HSPO)
Stuart Frankel & Co. Inc And Its Partners Own (NWS.A)
Stuart Frankel & Co. Inc And Its Partners Own (NXST)
Stuart Frankel & Co. Inc And Its Partners Own (NYX)
Stuart Frankel & Co. Inc And Its Partners Own (PDE)
Stuart Frankel & Co. Inc And Its Partners Own (PRST)
Stuart Frankel & Co. Inc And Its Partners Own (RDC)
Stuart Frankel & Co. Inc And Its Partners Own (ROK)
Stuart Frankel & Co. Inc And Its Partners Own (TLM)
Stuart Frankel & Co. Inc And Its Partners Own (TOL)
Stuart Frankel & Co. Inc And Its Partners Own (XRX)
Stuart Frankel & Co. Inc And Its Partners Own (SDS)
Stuart Frankel & Co. Inc And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. Inc And Its Partners Are Short (CL)

For Brian Kelly
Kanundrum Capital Owns (BRCM)
Kanundrum Capital Owns (ELX)
Kanundrum Capital Owns (QLGC)
Kanundrum Capital Owns (QCOM)
Kanundrum Capital Owns (VMW)
Kanundrum Capital Owns (HOV), (PHM), (TOL), (C), (JPM), (EWP), (NBG)
Kanundrum Capital Is Long USDJPY, USDCHF, USDSGD
Kanundrum Capital Is Short (EWY), (TAO), (FCX), Copper

For Bill Fleckenstein
Fleckenstein Owns Gold



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