Stocks to Buy: Guns, Guns, Guns
Submitted by stockmaster1 on Thu, 11/08/2012 - 04:52
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
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I don't buy it.
Submitted by Stockmaster2 on Thu, 11/08/2012 - 05:29.I agree man, the rally in RGR and SWHC is a little bit rediculous. Obama was a congressional law professor, I'd like to think that he respects the right to bear arms. We'll see what happens but I think RGR and SWHC shareholders have a rude awakening in store - similiar to the 50% haircut shareholders took back in late 2007 after he was elected for his first term.