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Trump On Nukes: Let It Be An Arm's Race, We'll Outlast Them All

UEC

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.”

trump_nukes.png

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. (NYSE: UEC) opened Friday’s session up 6.0 percent. Ur-Energy Inc. (USA) (NYSE: URG) is up 6.7 percent. Uranium Resources, Inc. (NASDAQ: URRE) is also up 2.7 percent.