WHAM: White House Asset Management strikes again.

Back in May, immediately after Trump issued his "nuclear" order (a day which was the unofficial start of Trump's new Industrial Policy, and which the president described as a "huge day for the nuclear industry"), we wrote "Trump's "Nuclear" Order And How To Profit" an article meant for our premium subscribers which laid out "All You Need To Know About The Coming Nuclear Energy Transition." The highlight, as premium subs know, was our focus on two primary beneficiaries from the "nuclear opportunity": established Uranium names such as Cameco, and modular reactor names such as Nano Nuclear, Oklo and NuScale.

Specifically, this is what we said, when recapping the stock implications from Trump's nuclear order.

• Cameco (CCJ/CCO.TO) is set to benefit as a uranium producer, in our view, as increased nuclear generating capacity would increase demand for physical uranium and conversion services as demand for fuel would likely increase. We note this would likely be a longer term tailwind. Additionally, CCJ/CCO.TO has a 49% stake in Westinghouse which we view would be a more immediate winner given Westinghouse's exposure to new reactor builds and operations and services. The Westinghouse segment would likely see an uplift as construction on new nuclear plants begins, if the AP1000 technology is chosen for these new builds.

• Small/Mobile Modula Reactor companies could potentially benefit if there is additional allocations for loan dollars earmarked for SMRs, as well as a push for SMRs to be used for either civilian or defense power applications.