Results 1 to 6 of 6
-
June 2nd, 2020, 10:03 AM #1Senior Member
- Join Date
- Sep 2010
- Location
-
Holland,
Pennsylvania
(Bucks County) - Posts
- 427
- Rep Power
- 10943855
Gun Stocks Surge Past Broader Market
Shares of gun makers jump, continuing this year’s winning streak amid coronavirus, protests
Shares of gun manufacturers soared Monday, continuing this year’s winning streak.
Smith & Wesson Brands Inc. jumped 15.1% to $13.61. Sturm, Ruger RGR +4.47% & Co. advanced 9.4% to $68.20. Shares of both companies outpaced the broader market, with the S&P 500 rising 0.4% on Monday.
“People are watching the news,” said Steve Sosnick, chief strategist at Interactive Brokers. “The market is anticipating that there will be increased interest and demand for firearms as a result of what’s going on in the world right now.”
https://www.wsj.com/articles/gun-sto...le_email_share
Bill
-
June 2nd, 2020, 10:13 AM #2
Re: Gun Stocks Surge Past Broader Market
It's funny, I thought they'd stay flat because of how suppressed the supply chain is right now which will put a cap on sales to some extent. But I've been wrong before. Investors may not fully know the supply constraints at the moment.
-
June 2nd, 2020, 10:22 AM #3
Re: Gun Stocks Surge Past Broader Market
Firearm manufacturer stocks will be hot potatoes again soon enough when virtue signalling SJW activists once again decry them as evil investments.
NoahWisdom and knowledge shall be the stability of thy times.
-
June 2nd, 2020, 02:39 PM #4
Re: Gun Stocks Surge Past Broader Market
Good they can finally get me my cust's backordered ranch rifle.
Owner Trigger Time LLc 01 FFL/NFA Saylorsburg, PA. Sales/Service/Transfers/Training
NRA CRSO/Pistol/Rifle/Shotgun inst. BSA Rifle/Shotgun Merit badge counselor. US Navy Marksmanship Team Staff
-
June 2nd, 2020, 05:09 PM #5Grand Member
- Join Date
- Aug 2009
- Location
-
bloomsburg,
Pennsylvania
(Columbia County) - Posts
- 1,605
- Rep Power
- 21474852
Re: Gun Stocks Surge Past Broader Market
American Outdoors brand corporation (AOBC) was formerly know as the Smith and Wesson holding company (SWHC) was as high as $30.00 a share in November of 2016. That came abruptly to an end after Trump won. It sank to about 20.00 than to $10.00 and less ever since. It about at $15.00 at the writing of this post.
If one bought it when it was less than $10.00 a share I would hold it. If Biden happens to win then I suspect it may skyrocket to $30.00 and beyond. Because of the panic buy from the virus and now the riots I expect it to be bullish but how much is anyone guess. Keep in mind they are only a small to mid Cap company.
-
June 3rd, 2020, 09:12 AM #6Member
- Join Date
- Jun 2013
- Location
-
Levittown,
Pennsylvania
(Bucks County) - Posts
- 49
- Rep Power
- 0
Re: Gun Stocks Surge Past Broader Market
It's not uncommon for stocks value to change based on perception rather than the numbers/facts. So where people in the know see supply chain constraints, all people on the surface see is supply not meeting increasing demand thus higher prices and margins.
*This is not full blown analysis, but a 2 sentence simple summary of why the stock may not behave as expected.
Similar Threads
-
Any1 here make stocks? Black Walnut Stocks?
By cas in forum GeneralReplies: 0Last Post: September 26th, 2007, 11:06 PM
Bookmarks