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The Nuke Race is On THE DAILY --- H.E.A.T. Torching Wall Street’s Obsolete Playbook. Delivered straight to your inbox 5 days a week. Subscribe Home Posts The Nuke Race is On The Nuke Race is On Aug 13, 2025 Wall Street’s 60/40 formula was born in 1952 — the same year as the first credit card. A lot has changed since. That’s why we created a new approach — The --- H.E.A.T. Formula — to empower investors to spot opportunities, think independently, make smarter (often contrarian) moves, and build real wealth. Table of Contents 🔥 Here’s What’s Happening Now 🧠 The Nuke Race Is On: What DOE’s “Reactors by Ju … 📈 Stock Corner 📬 --- In Case You Missed It 🤝 Before You Go Some Ways I Can Help 🔥 Here’s What’s Happening Now So yesterday I told you that CPI was going to be important. Core CPI came out somewhat hotter than expected and the market rallied (headline CPI was in line). The chatter is that people thought it would be worse. Tariff impacts did not show up in the inflation numbers. Does that mean they aren’t going to or that they just haven’t filtered in yet? That’s the million dollar question for the Fed. The next question now is how much is the Fed going to cut when Core CPI is sitting at 3%? Meanwhile, I think this is something that you should keep an eye on…. — # (# ) In keeping with our Trump’s Inner Circle theme, we want to invest in stocks and sectors that Trump and his administration favor. Hence we cover yesterday’s nuclear announcement below. 🧠 The Nuke Race Is On: What DOE’s “Reactors by July ’26” Pilot Means for Your Book The Nuke Race Is On. Energy Department Taps 11 Start-Ups to Build a Reactor By Mid-2026.-Barron’s What changed Per Barron’s: the Department of Energy picked 11 advanced‑nuclear start‑ups (incl. Oklo (OKLO) ) for a crash program to stand up at least three test reactors at U.S. national labs by July 4, 2026 . Two Trump EOs push DOE/DOD demonstration pathways that shortcut the usual NRC timeline for pilots, with talk of easing radiation‑emission standards. Translation: the policy overhang that has kept advanced nuclear in “someday” mode just flipped to now . Macro link: this is happening as AI power demand, grid constraints, and hyperscaler PPAs hit escape velocity (you’ve seen Meta’s 1.1 GW nuclear PPA and the data‑center capex guidance reacceleration). If small, modular, or micro‑reactors can be colocated with AI campuses—or simply sell baseload into those hubs—this becomes a multi‑year rerating theme. First‑order winners (direct exposure to advanced nuclear buildout) Reactor developers / IP OKLO (OKLO): Only public name in the DOE cohort; micro‑reactor, fast‑spectrum design; early pathway with DOD/DOE demo sites. Highest torque, highest execution risk. NuScale (SMR): Not in this pilot, but still the public SMR proxy. Funding/timeline stumbles make it high beta into any policy tailwind headline. Fuel & fuel cycle (the real chokepoint) Centrus Energy (LEU): Only commercial U.S. HALEU enricher; if pilots run on HALEU/TRISO, Centrus is the tollbooth. BWX Technologies (BWXT): TRISO fuel capability + naval nuclear; also a likely fabricator/engineered systems supplier to several pilots. Generation owners/nuclear fleets (PPAs & life‑extension) Constellation Energy (CEG): Largest U.S. nuclear fleet, already signing hyperscaler PPAs; prime beneficiary of nuclear-as-clean-baseload repricing. Dominion (D), Duke (DUK), Southern (SO), Entergy (ETR): Fleet value, life‑extension, and uprate optionality. Prime EPC / lab‑site partners Jacobs (J) and KBR (KBR): Embedded at DOE sites; likely to wrap portions of design/construct/commission at national labs. Fluor (FLR): EPC leverage to nuclear if/when execution risk normalizes. Second‑order winners (balance‑of‑plant, grid, thermal, power electronics) Grid build‑out & high‑voltage Quanta Services (PWR), MYR Group (MYRG): Transmission construction as nuclear + data centers rewire load pockets. Eaton (ETN), Powell Industries (POWL), Hubbell (HUBB): Switchgear, transformers, busway; lead times still tight. GE Vernova (GEV), Siemens Energy (ENR), ABB (ABB): Turbine/generator sets, HVDC, protection relays. Data‑center power & thermal (nuclear adjacency via AI demand) Vertiv (VRT): Power/thermal at hyperscaler sites; benefits whether reactors are on‑site or nearby. Modine (MOD): High‑density cooling hardware tied to GPU clusters (indirect beneficiary if nuclear alleviates power constraints). Uranium mining & conversion (tight but more levered to big fleets than pilots) Cameco (CCJ), NexGen (NXE), Energy Fuels (UUUU): Long‑cycle upside; pilots won’t swing demand, but fleet life‑extension/SMR scale‑up will. Specialty valves, pumps, sensors Curtiss‑Wright (CW), Emerson (EMR), Flowserve (FLS): Nuclear‑grade actuation/flow control and monitoring. Third‑order winners (ecosystem & enablement) Nuclear‑grade materials & graphite: SGL Carbon (DE), Tokai Carbon (JP) for specialty graphite; niche but strategic. Non‑destructive testing & integrity: Mistras (MG) for inspection regimes in new designs. Waste handling & decommissioning: Mostly private (EnergySolutions), but Veolia (VEOEY) has relevant services. Data‑center REITs with power strategy: Digital Realty (DLR), Equinix (EQIX): benefit if nuclear PPAs de‑risk campus power. Why this matters (and why it could stick) Policy acceleration: DOE/DOD demo lanes compress risk and time‑to‑first‑kilowatt. Even if NRC rules ultimately govern commercial rollout, pilots create credibility + data . Power scarcity premium: AI demand is pulling forward multi‑GW capacity needs. Where wind/solar + transmission face siting and intermittency friction, compact baseload with tiny footprints can win RFPs. Corporate PPAs: Tech buyers want 24/7 clean. Nuclear clears Scope 2 and uptime simultaneously—expect more utility + hyperscaler nuclear PPAs and behind‑the‑meter studies. What to own (how we’d build it) Core basket (lower beta, high durability) CEG, BWXT, ETN, PWR, VRT. Weight this as your “nuclear‑enabled AI power” spine (60–70% of your nuclear sleeve). Torque basket (pilot optionality) OKLO, LEU, SMR. Size small (15–25%) and treat as event‑driven : DOE site selections, HALEU contracts, module fabrication milestones, utility PPAs. Grid + components kicker POWL, HUBB, CW, EMR/FLS (pick one). Remainder (10–20%) for balance‑of‑plant tightness and margin leverage. Pair trades / hedges Long CEG / BWXT vs. short broad EPC laggard if we see execution slippage headlines (use tactically). Long VRT vs. DC REIT on power‑timing dislocations. What to watch next (catalysts & telltales) DOE lab site selections & MOU details (assume Idaho/ORNL/INL activity). HALEU contracting : scale, pricing, and whether Centrus adds cascades; any TRISO awards to BWXT. Utility IRPs explicitly adding SMRs/micro‑reactors or nuclear PPAs for data‑center hubs. State policy : siting fast lanes, SMR‑friendly statutes, PTC/ITC eligibility clarity for advanced nuclear. Transformers/switchgear backlog : easing or tightening (POWL/HUBB commentary). Hyperscaler signals : nuclear PPAs beyond Meta; language in MSFT/GOOGL/AMZN filings on “firm clean” procurement. Key risks (and how to price them) Regulatory snapback: Lawsuits or a future rules change could force pilots back to NRC lanes → keep torque names sized small. Fuel bottleneck: HALEU is the hard constraint; delays here push timelines right. LEU/BWXT help hedge this risk. Supply chain & labor: Nuclear‑grade QA/QC, welders, inspectors—execution risk is real (we just saw how EPC execution can break theses). Political durability: This is an executive‑led sprint. A policy turn could slow—but not erase—utility PPA momentum if economics are proven. Bottom line The DOE pilot pulls advanced nuclear from “maybe 2030s” into “prove it by 2026.” For investors, the cleaner way to express the theme isn’t betting the winner among the 11 designs—it’s owning the fuel/fabrication chokepoints, fleet/PPAs, and the grid/power‑electronics stack that get paid whether the winner is fast‑spectrum, molten salt, or micro‑modular. Playbook: Stay core long CEG / BWXT / ETN / PWR / VRT , add LEU as the fuel tollbooth, and keep OKLO/SMR as small, event‑driven upside calls. Use earnings commentary from this group as your real‑time truth serum on timelines and demand. Gold and bitcoin are both vying to be safe havens for investors. Why gold is winning so far this year.-MarketWatch When will people realize it’s Gold AND Bitcoin, not Gold OR Bitcoin…… — # (# ) 📈 Stock Corner Today’s stock is Ondas Holdings (ONDS)….. Been talking about drone stocks, and ONDS for a while. Yesterday’s podcast was on drones and we had a couple of interesting picks there in AXON and DRSHF….. ONDS announced a secondary offering last night and is down 14% pre market. You hate to see it, but hard to blame them when their stock is up massively in a short period of time. Last time they did this it ended up being a great buying opportunity. 📬 --- In Case You Missed It 🤝 Before You Go Some Ways I Can Help ETFs : The Antidote to Wall Street Inside HEAT: Our Monthly Live Call on What Wall Street Doesn’t Want You To Know Financial HEAT Podcast https://www.youtube.com/@TuttleCap Freedom from the Wall Street Hypocrisy Tuttle Wealth Management: Your Wealth Unshackled Advanced HEAT Insights: Matt’s Inner Circle, Your Financial Edge All rights reserved. Keep Reading No posts found View more caret-right 0