Friday, November 9, 2012

Gun Stocks Soar - What Will Obama's Second Term Bring?

The Daily Caller

Gun maker stocks surged on early Wednesday morning as President Barack Obama’s re-election has stoked fears of tighter gun control measures in his second term.

Shares of the top two U.S. gun manufacturers Smith & Wesson and Sturm Ruger exploded early Wednesday morning, reports Investor’s Business Daily.

“The re-election of President Obama should drive political firearm sales,” said Benchmark & Co analyst Mike Greene.

Obama has said he supports the right to bear arms in the past, but in the second presidential debate he said he would support an assault weapons ban if re-elected.

“The administration has not really lifted a finger in the last four years to tighten gun control legislation,” said Wedbush Securities analyst Rommel Dionisio. “There is a consumer fear that Obama will tighten gun control legislation, but whether or not they will do it this time I don’t know.”
I hope they're right this time. What do you think?  Please leave a comment.


  1. Obama's victory was (unfortunately) inevitable. Coming to this realization I had bought some shares in advance.

    Hopefully the manufacturer(s) in question can find a legitimate market (State actors) for their product.

  2. Don't plan to get an assault weapons ban, unless the House flips and there are at least sixty Democrats in the Senate.