The Weekend Edition is pulled from the daily Stansberry Digest.

A "left for dead" asset is showing signs of life...

 Last summer, our colleague Ben Morris – editor of DailyWealth Trader – noted that a long-term bottom could be forming in uranium.

In short, despite the backlash following the 2011 Fukushima disaster in Japan, Ben explained that nuclear power remains a critical source of the global energy supply. This is unlikely to change anytime soon... which means demand for uranium isn't going away, either.

Meanwhile, prices had plunged nearly 70% over the previous five years to less than $20 per pound. At that price, producers were losing nearly $40 on every pound of uranium they produced.

As Ben noted at the time, this was unsustainable... and it's exactly the kind of situation that often marks a bottom in the cyclical, "boom and bust" resource sector.

Prices bottomed a few months later, and surged higher into year-end. It looked like the long-awaited rally had begun... and investors began to get excited about uranium again for the first time in years.

Unfortunately, the rally didn't last long... Prices fell back to near their previous lows this spring. And investors once again gave up on the sector.

But uranium bottomed again by April, and it has been quietly moving higher ever since...

 This week, prices broke out to a fresh six-month high. And unlike last winter, no one is excited today. As Ben and DailyWealth Trader analyst Drew McConnell explained Wednesday, this could be great news...

Recently, the price action in has lulled most traders to sleep. But that's a good sign...

It shows that traders are losing interest... and that the bear market could be giving way to a bull market...

If the sentiment starts to shift, we could see a massive bull market. Gains of 100% or more are possible.

As they noted, the fundamental case continues to strengthen. Companies continue to cut production, which will inevitably lead to higher prices. And a recent report suggests the U.S. is planning to ramp up support for the industry. More from Ben and Drew...

Last week... Bloomberg News released the details of an important government memo...

The memo shows that Trump administration officials are making plans to order electric grid operators to buy electricity from struggling coal and nuclear plants. The administration has not approved the plan yet. But it would fit with previous comments about supporting these energy sources.

Since those announcements, the price of uranium has jumped about 4% – from $22.55 per pound to $23.50 per pound. Uranium stocks are climbing, too...

Of course, these recent moves don't guarantee we'll see higher prices immediately...

 But they're further evidence that the long bear market is ending, and a new bull market is approaching...

This trade has required patience and may continue to require patience... But the upside is dramatically larger than the downside risk. So we want to hold on.

Uranium and uranium stocks are starting to climb. This could be the beginning of a massive bull market... And gains of 100% could just be the start.

Don't miss out the next big move higher.

Speaking of "left for dead" situations...

 A little more than a month ago, Stansberry Research founder Porter Stansberry and his research team saw an opportunity in a company that had fallen on hard times – apparel maker Under Armour (UA).

Shortly after reaching an all-time high in the summer of 2015, Under Armour's share price plunged as the company's rapid growth rate began to falter. By last November, the stock had lost close to 80% of its value and traded near a five-year low.

Wall Street had given up on this great brand.

But recently, something important changed... And shares quietly turned higher. As Porter and his team explained in the May issue of Stansberry's Investment Advisory...

Years from now, investors will look back and realize that right now is a key turning point in the company's history...

Under Armour has a plan. It knows its high-growth days are over. Plank is pivoting the company in a new direction. He is turning the page to a new chapter in its history. The company is transforming itself from a high-growth business to a high-profit company. Until now, revenue growth was all that mattered. Now, profits matter.

Plank announced a restructuring plan last August to begin scaling back the business and improve profits. How quickly Plank can accomplish this is the key to this investment. Last July, he hired a new chief operating officer, Patrik Frisk, who has nearly 30 years of experience in the retail apparel and footwear industry. He has a proven record of improving efficiency and profitability...

And if we wait until after the improvement is clear to the rest of the world, the stock price will already reflect the turnaround.

Shares of Under Armour have been on fire lately...

 They've jumped about 20% in the past three weeks, including more than 10% in the past week alone.

 This week's rally followed a bullish note from Wall Street analysts that should sound familiar to Investment Advisory subscribers. As financial newspaper Barron's reported Monday...

Under Armour's management has started down the path to improved profitability – and investors should benefit as a result...

While that's not yet seen in the numbers – Under Armour recently turned in Q1 results that beat Wall Street revenue estimates but raised questions about gross margins – that should change, according to . The analysts today set a $27 price target, 23% above current levels...

"With the recent market evidence that performance athletic demand and channel inventories are healthy, we have increased confidence that inventories will be appropriately matched to demand before year-end and margins will inflect and margin improvement can continue in 2019 and beyond," they wrote.

Kudos to Porter and the Stansberry's Investment Advisory team for beating Wall Street to the punch on another great call...

 Folks who took their advice are already up more than 40% in a little more than a month so far. And while the stock is likely to hit some "hiccups" along the way, Porter and his team believe it still has tremendous upside ahead as this turnaround plays out.

Don't be surprised to see similar headlines in the weeks and months ahead as this story goes "mainstream."

Porter and his team recently recommended another stock that Wall Street has given up on...

This "Global Elite" company owns some of the top brands in your pantry... Its portfolio is littered with family favorites that rank among the best-selling in the U.S. And its reach stretches far beyond our borders, too... About 40% of revenues come from international markets.

Nevertheless, its stock is hated by investors right now... This company's shares are down roughly 40% from their mid-2016 highs. The stock recently plunged to its lowest level since the beginning of 2013.

But as Porter and his team noted in the June issue of Stansberry's Investment Advisory, you wouldn't have the chance to buy this top-notch company on sale today if there weren't some worries...

But like Under Armour, they believe this company's problems are misunderstood. As they explained, consumers will continue to flock to this company's brands for decades to come... And right now, you can buy shares near their cheapest valuation in history.

You can get instant access to this recommendation – and all of the premium research in Stansberry's Investment Advisory – 100% RISK-FREE for the next 30 days. Find out how you can get started right here.

Regards,

Justin Brill

Editor's note: Over the past couple of years, Stansberry's Investment Advisory subscribers have booked gains of 256% in 18 months... 93% in four months... 81% in nine months... and many other double-digit winners.

Earlier this month, Porter and his team identified a "Global Elite" brand that's on sale today. And it pays a large, rock-solid dividend. Get instant access to that recommendation – and all of their Investment Advisory research – with a risk-free, 30-day trial. Learn more here.