2nd Amendment, Barack Obama, Hillary Clinton, NewsEdge

Gun stocks surge as Hillary Clinton and Barack Obama call for tougher laws

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20130130-gender-equalityRenewed calls for tougher gun control laws sent gun stocks surging on Monday as investors expected an increase in gun sales. By Monday afternoon, the value of Smith & Wesson’s shares went up by 7.5% and Sturm, Ruger & Co increased by 3%.

Overall this year, the value of Smith & Wesson’s stock has increased by more than 80% and that of Sturm, Ruger increased by more than 60% – making them some of the best-performing stocks of 2015.

Related: Hillary Clinton unveils plan for tougher checks in bid to reduce gun violence

Monday’s rally in gun stocks came hours after Hillary Clinton, the former secretary of state and the Democratic candidate for the president, unveiled a plancalling for tougher background checks at gun shows and online than those currently in place.

“We need universal background checks,” Clinton said at the New Hampshire town hall. “We know that they will work.”

Obama also renewed his calls for tougher gun control laws on Thursday, after a deadly shooting at Umpqua Community College in Oregon.

“It cannot be this easy for somebody who wants to inflict harm on other people to get his or her hands on a gun,” Obama said during a press conference after the shooting that left 10 dead, including the gunman. He went on to point out that the states with most gun laws tend to have the fewest gun deaths. “So the notion that gun laws don’t work, or just will make it harder for law-abiding citizens, and criminals will still get their guns is not borne out by the evidence.”

In the years since Obama took office, gun makers have had some of their most profitable years. Last year, Smith & Wesson sales hit a record high of $626m, up 6.7% from $587.5m in 2013. Sturm, Ruger sales reached their record high in 2013.

According to an analysis by CNN Money, over the last five years Smith & Wesson and Sturm, Ruger have gained 320%, outperforming Apple and four times the returns of the S&P 500 stock market.

Smith & Wesson reported record sales of $626m in 2014 but sales slid to $531m in 2015. James Debney, president and CEO of Smith & Wesson, said he expected the decline as the sales returned to “as the consumer market for firearms returns to a more normal environment”.

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  • wolfpack907

    These creatures need to stop with their “gun grabbing” communism! I can’t get any good deals anymore, you are flooding the market and keeping prices high!

  • BITEMEHARDLEFT

    These two are the biggest gun runners in the country they can do it under the disguise of the government shield. Just look what Eric Gun Running to the Drug Cartel Holder did, and is probably still doing. I truly believe that our Ambassador in Benghazi was about to blow the whistle that our government was selling guns to Obamas private army (Terrorist) over there. Thats why everyone was ordered to stand down during the attack. If you think Hillary was the only one giving orders over there think again “who is the commander and chief”?????? This is a big part why these investigations have not been finished yet. Lawyers make the best criminals they know how to twist and hide. WE SHOULD NEVER EVER VOTE ANOTHER LAWYER IN AS PRESIDENT….BIG MISTAKE AMERICA……….

  • BITEMEHARDLEFT

    GUN CONTROL SHOULD START AT THE WHITE HOUSE HE IS SUCH A GREAT GUY HE SHOULD NOT HAVE TO BE ARMED WITH GUARDS “RIGHT”….HOW ARE THEY GOING TO GET THE CRIMINALS TO REGISTER THEIR WEAPONS AND DO BACK GROUND CHECKS. THE WORD “CONTROL” IS WHAT THEY ARE AFTER. ANYMORE RULES AND REGS ARE JUST FOR THE LAW ABIDING CITIZENS JUST TRYING TO PROTECT THEMSELVES. LOOK AT SYRIA WHERE THE PEOPLE HAD NO GUNS THEY WERE SITTING DUCKS FOR THEIR GOVERNMENT WHEN IT WAS TIME FOR THE SLAUGHTER.

    • Merle Dickey

      Read about what is happening in australia now that they have taken their guns away ! The government will deny it but talk to some of the citizens about what is happening .

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