What to Watch With Cameco (CCJ) Before Investing

Shares of Cameco (NYSE: CCJ) have been in rally mode and for good reason. But before you simply rush out to join the crowd and buy the stock, you should step back. There are a few things you need to watch closely if you intend to add Cameco to your portfolio. Here are three of the big ones.The business that really drives Cameco's top and bottom lines is mining. The product it mines is uranium, which is the basic fuel used by nuclear power plants. Cameco also processes uranium (so it can be used as a fuel source) and owns part of Westinghouse Electric, which provides services to the nuclear power industry. However, the big story on the income statement is, and will likely always be, the price of uranium.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool