2 Commodity Stocks to Buy on the Dip: CCJ, MEOH

Major equity indexes climbed higher this past week thanks to some encouraging economic data releases at home. Investors welcomed a 3.4% improvement in pending home sales over the past month, better-than-expected ADP employment data on Wednesday, and upbeat ISM manufacturing data on Thursday. Overseas, tensions between Ukraine and Russia remain at center stage, and as such, the lack of major developments left the doors open for buyers [for more commodity futures news and analysis subscribe to ourĀ free newsletter].

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Uranium Stages A Comeback

Uranium may be coming back into play two years after the Fukushima disaster, as Japan looks to restart some of its idle reactors and global supplies look to tighten a bit. Larger companies operating in the space have already seen their share prices begin to recover over the past couple months as these fundamentals improve, with Cameco Corp (CCJ) up 9.5%, Denison Mines Corp (DNN) up 7.2% and Uranerz Energy Corp (URZ) up about 1%. But many investors are wondering if this recovery will persist in the coming months [for more uranium news and analysis subscribe to our free newsletter].

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