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Gun maker stocks surge to multi-year highs

Scorpio

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Gun maker stocks surge to multi-year highs
Published: June 30, 2020 at 1:42 p.m. ET
By
Tomi Kilgore

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Shares of gun and ammunition makers rallied toward multi-year highs Tuesday, as polls continue to show Joe Biden building a lead over President Donald Trump in a number of swing states. Analysts have said the regulatory environment is among the biggest drivers of demand for guns, as fears of tighter regulations have boosted sales in the past. "Biden's swing-state lead, if it is maintained, provides numerous paths to an election win," Paul Christopher, head of global market strategy at Wells Fargo wrote in a note to clients. The latest Federal Bureau of Investigation data on firearm background checks for May rose more than 30% from a year ago to top the 3 million mark for just the third time since the FBI started providing the data in late-1998, and two months after the monthly record was reached in March. Shares of Sturm Ruger & Co. RGR, 3.66% rallied 4.1% toward the highest close since March 2016 and Smith & Wesson Brands Inc. SWBI, 6.98% hiked up 5.5% toward the highest close since July 2017. Ammunition maker Vista Outdoor Inc.'s stock VSTO, 2.06% rose 1.9% toward the highest close since October 2018. Those stocks have bounced sharply off multi-year lows hit late last year, which followed long downtrends Trump's victory in the November 2016 election eased concerns over potential tighter regulations.

https://www.marketwatch.com/story/g...-to-multi-year-highs-2020-06-30?mod=home-page
 

nickndfl

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Ruger still makes good guns. You can get a retro folding stock for the mini-14 for < $280 now.
 

EO 11110

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no surprise to GIM2 readers. one of the investment thesis identified with the burning cities chimpouts
 
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A cute little Ruger LCR .380 found its way into my pocket. Only people not on the receiving end make the false claim that the caliber is too small. I don't look at it as a .380. I see it more as a 9mm short (as in .22 LR, Long and Short), which it is. The LCR is easier to pack than even my other cute little Kahr PM9. I like cute little equalizers. The Ruger LCR fits right in (to my pocket, my glove box, my night stand, my hand). :tired: