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| Gun-makers' stocks surge after San Bernardino shooting |
| 2015-12-04 |
| [The Guardian] Smith & Wesson and Sturm, Ruger & Co jump early Thursday, part of a trend that has seen gun-makers' stocks quadruple S&P 500 returns in past five years. Stocks of two major gun-makers surged on Thursday morning, the day after a shooting in San Bernardino, California, left 14 people dead. More than an hour after the stock markets opened, Smith & Wesson stocks were up by 2.62%. Stocks of Sturm, Ruger & Co were up 1.67%. Gunmakers saw their stock rise even as the overall stock market fell on concerns that the Federal Reserve would raise interests later this month. Smith & Wesson and Sturm, Ruger & Co saw their stocks surge in October as well after a shooting at Umpqua community college in Oregon left 10 people dead, including the gunman. Investors are betting that the shootings will lead to more gun sales: a CNN Money analysis found that over the past five years these stocks have had four times the returns of the S&P 500 stock market. |
| Posted by:Besoeker |
| #3 Just wait, sooner or later a gun control city will be gunned-apart, it will be covered up or not mentioned |
| Posted by: Redneck Jim 2015-12-04 14:29 |
| #2 Gun violence is going down everywhere except where donks have passes strict gun control. The bammer needs to get a clue. |
| Posted by: Sven the pelter 2015-12-04 10:48 |
| #1 Those capitalist bastards! |
| Posted by: Skidmark 2015-12-04 09:54 |