President-elect Donald Trump doubled down on his call for nuclear proliferation on Friday morning, sending shares of uranium stocks soaring in the pre-market trading session. On Thursday, Trump tweeted the following message to his followers:
“The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes.”
On Friday morning, Trump was asked to clarify his position on MSNBC’s Morning Joe.
“Let there be an arms race. We will outmatch them at every pass and outlast them all,” Trump said.
The unsettling statement even prompted a response from Russian president Vladimir Putin. At a news conference on Friday, Putin dismissed Trump’s remarks and touted Russia’s strength.
“Of course the U.S. has more missiles, submarines and aircraft carriers, but what we say is that we are stronger than any aggressor, and this is the case,” Putin said.
“As for Donald Trump, there is nothing new about it, during his election campaign he said the U.S. needs to bolster its nuclear capabilities and its armed forces in general.”
Following Trump’s remarks, Uranium Energy Corp. UEC 3.03% opened…
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!