On December 6 President Obama used his terrorism address to call on Congress to pass new gun controls, and on December 7 gun stocks surged.
According to NBC News’ Tom Winter, Smith & Wesson stock rose 6.5% on Monday and is “up nearly $2 in the past week alone.”
Market Watch reports that Smith & Wesson isn’t alone. Rather, Sturm Ruger & Co. rose over 7 percent on Monday alone.
These are best described as surges on top of surges, as “Smith & Wesson has climbed 116% this year and Sturm Ruger has jumped 69%” year-to-date in 2015.
In October Breitbart News reported that Smith & Wesson and Ruger were both seeing an approximate 70 percent return for the year. So today’s Market Watch report means Ruger has kept that pace, while Smith & Wesson is shooting up even higher.
KSL.com reported that through October 2015, “Smith & Wesson and Sturm Ruger stocks…[gave] investors 300 percent of gains in the past five years. That’s over four times better than the return of the S&P 500. It’s even hotter than Apple’s 165 percent return over the same period.”
Smith & Wesson and Ruger are both makers of highly popular concealed carry pistols and revolvers. And Smith & Wesson’s M&P line of firearms contains a number of AR-15 platform rifles that are very popular for target shooting, hunting, and home defense.
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