How did gun company stocks react to the President's executive orders?
Smith & Wesson up 5.7% today
Sturm, Ruger & Company up 5% today
The gun companies... they are saved...
...that the gun companies like this:
The list of proposals from Vice President Biden's task force on gun violence is not short, but it includes universal background checks, a ban on "military-style" assault weapons, limiting ammunition magazines to 10 rounds, and strengthening existing penalties for gun trafficking.
The president also took 23 executive actions -- which will not require congressional approval -- though nearly all are fairly modest in scope. They include providing gun dealers providing guidance on how to run background checks for private sellers, nominating an ATF director (the Senate has refused to confirm an ATF director for six years), informing state health officials about the scope of mental health services that Medicaid plans must cover, and launching "a national dialogue ... on mental health."