US gun maker shares soar after Pulse nightclub massacre

[Eugene]

Source: The Guardian

US gun maker shares soar after Pulse nightclub massacre

Shares in two biggest gun manufacturers Smith & Wesson and Sturm
Ruger & Co rose by 10% and 9% amid fears US will impose tougher
gun control measures

Rupert Neate in New York
Monday 13 June 2016 15.30 BST

Gun company shares soared on Monday as traders predicted that Americans will react to the Orlando massacre by rushing out to arm themselves with more guns.

Shares in the two biggest listed US gun manufacturers Smith & Wesson and Sturm Ruger & Co rose by 10% and 9%, respectively.

Gun companies shares have risen strongly after every recent mass shooting incident as investors speculate that the atrocities might lead to tougher gun control measures. Fear that stricter gun laws might be enacted cause more people to buy guns, especially semi-automatic assault rifles like the AR-15 used by Orlando killer.

Smith & Wesson, which sold a record $627m worth of guns and accessories last year, is expected to report even higher sales this year when it releases its full-year results on Thursday.

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Read more: http://www.theguardian.com/us-news/2016/jun/13/gun-company-stocks-rise-orlando-pulse-attack

[jmg257]

1. Highly predictable...

http://www.democraticunderground.com/1172195473#post21

[gejohnston]

2. Although Ruger and Smith and Wesson make that type of rifle,

that isn't what they are buying. AFAIK, ARs are not that popular. Their pistols carried for self defense, especially the Ruger LCP, is very popular. A lot of people don't think about things like flood insurance or fire extinguishers until a black swan lands near them. When that happens, they go "shit that could be me". A friend of my daughter was supposed to be there, but he got stood up. Is he rethinking his opinion on guns? Maybe.

http://www.pinkpistols.org/

[Jester Messiah]

3. Just my opinion, but if you're gay and you're not packing, you're an idiot.

https://en.wikipedia.org/wiki/Pink_Pistols

[JonathanRackham]

4. Some guys I know already figured this out.

[discntnt_irny_srcsm]

5. Hmmm...........

Might be time to short some.

[aikoaiko]

6. I picked up two AR complete lowers for 9mm Glock mags last night

I had been waiting for them to go on sale at Palmetto State, which they do every so often, but decided to buy now because they might be cleaned out for the next year given a likely HRC presidency.