Firearm Stocks Soar Over Fears Of New Gun-Control Laws

[Reptile]

Shares of gun and ammunition companies jumped Wednesday over speculation of new gun control laws in the wake of Tuesday's horrific mass shooting that killed at least 19 children and two teachers at a Texas elementary school. Investors anticipate increased sales ahead of calls for stricter gun laws by Democrats.

As of Wednesday afternoon, Smith & Wesson Inc. and Vista Outdoors Inc. were both up around 10%, American Outdoor Brands Inc. +6.5%, Sturm Ruger & Co. +5.5%, and Ammo Inc. +5%.

Gun makers' shares typically rise when Democrats call for stricter gun control measures after mass shootings because people buy on the fear that more rules could make owning a gun harder or costlier. This was the case in 2012 when gun sales soared after the shooting in Newtown, Connecticut, at Sandy Hook school.

Search trends for "buy a gun" immediately erupted Tuesday evening after the shooting at the elementary school in Uvalde, Texas.

Even though Democrats and President Biden have vowed to get tough on guns, Senate Majority Leader Charles Schumer (D-N.Y.) was out Wednesday, indicating new gun control measures would be hard to pass because there isn't enough Republican support. Still, some fear the Biden administration will get tough on guns via executive fiat.

Firearm Stocks Soar Over Fears Of New Gun-Control Laws | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Penniepup1]

Firearms two worst enemies…. rust and politicians.

 

[MaverickNH]

Gun-control proposals face big hurdles in the Senate

Senate Majority Leader Charles Schumer (D-N.Y.) says he wants Republicans to work with Democrats to pass bipartisan gun control legislation — but the proposals under consideration face significant …

thehill.com

“There are some who want this body to quickly vote on sensible gun safety legislation …. They want to see this body to vote quickly, so the American people can know which side each senator is on,” he said. “But, sadly, this isn’t a case of the American people not knowing where their senators stand. They know.

“They know because my Republican colleagues are perfectly clear on this issue. Crystal clear. Republicans don’t pretend that they support sensible gun safety legislation,” he added."

Progressives are willing to nuke the Democratic Party over abortion, climate change, gun control - you name it. From their perspective, the enemy within (Moderate/Conservative Democrats) has to be destroyed before they take on the GOP.

"…some Republicans such as Sens. Thom Tillis (R-N.C.) and Mike Rounds (R-S.D.), who usually fall within the group of possible GOP “yes” votes when a bipartisan bill is seeking 60 votes to overcome a filibuster, both raised concerns over red-flag legislation.

“I have a concern with existing red-flag laws. If I’m not mistaken, New York has one and it didn’t stop the tragedy in Buffalo,” Tillis said.
Republicans such as Sens. Thom Tillis (R-N.C.) and Mike Rounds (R-S.D.), who usually fall within the group of possible GOP “yes” votes when a bipartisan bill is seeking 60 votes to overcome a filibuster, both raised concerns over red-flag legislation.

No swing votes on UBC and Red Flag Laws. It’s just too obvious that such laws have little/no impact on violent crime.

 

[VetteGirlMA]

Am I supposed to start buying something now in large quantities? I'm asking because I didn't get any memo.

 

[Broc]

Meh, a ton of stocks were up yesterday.
Is it shooting related or just coincidence?

Also, 5% sounds great ... if you only look at one day.

Let's look at one year ... ouch.

 

[CoastieRon]

Meh, a ton of stocks were up yesterday.
Is it shooting related or just coincidence?

Also, 5% sounds great ... if you only look at one day.

Let's look at one year ... ouch.

View attachment 620074

This is a dangerous bet for sure but an easy emotional quick trade play.....

 

[Broc]

This is a dangerous bet for sure but an easy emotional quick trade play.....

In this market, you have to ride those small % gains and dump it.

 

[CoastieRon]

In this market, you have to ride those small % gains and dump it.

No kidding. My portfolio is half bag holding and half 100% + gains. The bag holding has to stop LOL

 

[Dennis in MA]

“There are some who want this body to quickly vote on sensible gun safety legislation …. They want to see this body to vote quickly, so the American people can know which side each senator is on,” he said. “But, sadly, this isn’t a case of the American people not knowing where their senators stand. They know.

“They know because my Republican colleagues are perfectly clear on this issue. Crystal clear. Republicans don’t pretend that they support sensible gun safety legislation,” he added."

read: Any push for fast bad gun legislation ensures we lose even MORE seats in November.

Short of a few people on FB talking The View view because they just consume whatever the TV tells them, I'm not seeing a lot of backlash over guns on this.

Damn. I haven't thought about this one in. . . . .20+ years. How appropriate. And DAMMIT, it's not available anymore.

It was Zappa's I Am The Slime (coming from your TV set, or something like that). With DON PARDO doing vocals. From SNL - 1976.

So appropriate. People just consume this crap coming out of those boxes. ARRGGHHH!!!

My SIL's mom posted some lame thing. My single-line reply, "Not a single word of that is anywhere near true." It was equating abortion to buying a gun. It was pretty funny, but still 100% wrong.

 

[CoastieRon]

read: Any push for fast bad gun legislation ensures we lose even MORE seats in November.

Short of a few people on FB talking The View view because they just consume whatever the TV tells them, I'm not seeing a lot of backlash over guns on this.

Damn. I haven't thought about this one in. . . . .20+ years. How appropriate. And DAMMIT, it's not available anymore.

It was Zappa's I Am The Slime (coming from your TV set, or something like that). With DON PARDO doing vocals. From SNL - 1976.

So appropriate. People just consume this crap coming out of those boxes. ARRGGHHH!!!

My SIL's mom posted some lame thing. My single-line reply, "Not a single word of that is anywhere near true." It was equating abortion to buying a gun. It was pretty funny, but still 100% wrong.

When was the last time you saw anything close to a rational response come out of the "washed masses" after one of these events? Nothing and nobody is rational in the market anymore.

I traded out 75 shares of MPC for 500 shares of SWBI at open, and I'm not unhappy about it.

 

[MaverickNH]

About 55 homicides per day in the US in 2021, on the average. To use our HR terms on resignations, we don’t know the % Regrettable homicides, if you consider violent criminals and gang bangers Non-regrettable.

Obviously, 19 dead in a school is tragic, but…

 

[FalArAk]

Meh, a ton of stocks were up yesterday.
Is it shooting related or just coincidence?

Also, 5% sounds great ... if you only look at one day.

Let's look at one year ... ouch.

View attachment 620074

Stop ruining peoples panic porn with complicated number graphs that only rich people understand.

 

[FalArAk]

Am I supposed to start buying something now in large quantities? I'm asking because I didn't get any memo.

I just bought 5 more titanium wallets in the anticipation of titanium wallet legislation.

 

[Broc]

I just bought 5 more titanium wallets in the anticipation of titanium wallet legislation.

How can you deal with so much happiness?

 

[FalArAk]

How can you deal with so much happiness?

I temper the happiness by looking into the mirror to remind myself how I am compensating for my unattractiveness

 

[Zappa]

I wonder how many anti-gun democrats immediately called their brokers and also bought stock in the gun and ammo companies ???
Remember their motto: "Why let a good tragedy go to waste?"

 

[MAGA99]

I just bought 5 more titanium wallets in the anticipation of titanium wallet legislation.

How’s your tinfoil stock holding up?

 

[FalArAk]

How’s your tinfoil stock holding up?

My stocks in Alcoa are through the roof!!!

 

[AHM]

Stop ruining peoples panic porn with complicated number graphs that only rich people understand.

I wonder how many anti-gun democrats immediately called their brokers and also bought stock in the gun and ammo companies ???
Remember their motto: "Why let a good tragedy go to waste?"

You mean like they waited until afterwards?
Buy the rumor/sell the news.

 

[VetteGirlMA]

Anyone wonder if all this gun control screaming from the left is a way of intimidating and influencing SCOTUS on the upcoming Bruen decision? Because nothing would surprise me. Get them to roll back anything in the decision or tailor the decision in a teeny weeny focus so that it's essentially meaningless? They're losing on all fronts right now and their points of philosophy are deeply unpopular so scream to the rafters until you get what you want. It makes sense in my head.