Stocks to Buy: Guns, Guns, Guns
That's the ridiculous attitude of all the President Obama haters out there that are pushing up shares of Smith & Wesson Holding Corp. (SWHC) and Sturm, Ruger & Co. Inc. (RGR). However bullet maker Alliant Techsystems Inc. (ATK) did not jump today and it could be waiting to pop.
GUNS, GUNS, GUNS
Now that we know Obama is in the White House for another term the panic for gun lovers is in full gear. Smith & Wesson Holding Corp. (SWHC) shares spiked 9% today and finished at $10.37. Sturm, Ruger & Co. Inc. (RGR). Sturm, Ruger & Co. Inc. (RGR) jumped 6.8% and closed at $47.68. These two classic gun plays could keep climbing as we enter the crucial Q4 holiday sales along with the Obama Fear Factor. Ammunition maker Alliant Techsystems Inc. (ATK) declined 2.8% and closed at $57.80 a share.
Nothing happened today to these gun and ammo stocks but the knee jerk reaction to Obama winning the Presidency. Its no secret that Obama is tough on guns and in his second term his administration could make it more cumbersome to buy firearms and ammo. If that's the case going long RGR, SWHC, and ATK could be a bulls eye investment.
For more stocks that could benefit from 4 more years of Obama check out 15 Obama Stocks to Buy for a 2012 Win.
Ooh, guns, guns, guns! Come on, Sal! The Tigers are playing...tonight! I never miss a game
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Union Jacked | Financial Sense
- Puerto Rico To Default On July 1 After Senate Passes Bailout Bill | ZeroHedge
- Rotten To The Core | ZeroHedge
- Move Over Oil – Lithium Is the Future of Transportation | Financial Sense
- GoLDMaN STRoNG... | ZeroHedge
- One Trick For Getting Life More Simple | Altucher Confidential
- The FED Finds a Good Excuse to Extend and Pretend Through Brexit | ZeroHedge
The most relevant financial news and articles from the Internets
- Millennials are hooked to their mobile devices and publishers are taking advantage (... | Business Insider
- Clinton aide: Clinton opposed private emails accessible to... | Business Insider
- Butter doesn't increase risk of heart disease after all | Business Insider
- I couldn't get this speaker to die after repeatedly and... | Business Insider
- Leaked Lyft numbers show it had a... | Business Insider
- After the Istanbul attack, Trump calls for the US to bring... | Business Insider
- The small detail most likely to make a vintage watch worth tons of money | Business Insider