Demonstrations in response to
escalated over the weekend, with people starting fires, looting businesses, and being involved in violent encounters with police officers. Firearm sales typically rise in the wake of civil unrest or renewed fear of federal gun-control legislation.GOLDMAN SACHS: Buy these 25 beaten-down stocks all poised to jump more than 18% from current levels
Gun manufacturers have all enjoyed strong gains in recent weeks as Americans flock back to gun stores amid economic reopening. Sturm Ruger's distributor sales surged 37% through the first quarter, CEO Christopher Killoy said in a May 7 earnings call, citing"the impact of state-level restrictions and heightened concern for personal protection" related to the coronavirus pandemic.
Smith & Wesson may have also benefited from its continued spinoff from American Outdoor Brands. Monday marked the first session that the gunmaker traded under the new ticker SWBI, having previously been listed on the Nasdaq exchange with the symbol AOBC.
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Hmmm I wonder who these masked trouble starters are.
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