MARKETS SPECTATOR: Paladin pounce

UBS has upgraded Paladin Energy from neutral to buy following the election of Japan's pro-nuclear power LDP – watch for a sector-wide rally.

Ever since the Japanese earthquake of March 2011, uranium stocks have been in a slump. However, the tide turned somewhat over the weekend as the Liberal Democratic Party swept into power.

The LDP is pro-nuclear power and the expectation is that the reactor fleet will slowly be turned back on, which should be a huge positive for the uranium sector as it was feared Japan may become a net seller of its uranium stockpiles.

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