Gun stocks are soaring once again, and the fight for the White House is expected to help fuel sales in 2016.
Shares of Smith & Wesson (SWHC) and Sturm Ruger (RGR) have enjoyed huge gains since President Barack Obama’s inauguration on Jan. 20, 2009. Smith & Wesson’s stock is up a whopping 957%, and Ruger has rallied 1,078%. By comparison, the broader S&P has risen 135% over the same period.
Since the start of 2016, Smith & Wesson and Ruger have jumped 23% as of Friday’s close. Vista Outdoor (VSTO), the owner of Savage Arms and ammunition maker Federal Premium, is up 18.8%.
Both gun makers have reported a recent surge in demand, thanks in part to uncertainty over the presidential race and fears that new gun-control regulations could be coming. Those concerns resurfaced this year with President Obama’s executive orders expanding background checks and the death of Supreme Court Justice Antonin Scalia.
AAN Staff
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