Thu Nov 8, 2012, 02:27 PM

Smith & Wesson, Ruger stocks jump after Obama win

http://www.latimes.com/business/money/la-fi-mo-gun-sales-smith-wesson-obama-20121107,0,5868311.story

While investors moping over President Barack Obama’s reelection sent the Dow spiraling down more than 300 points Wednesday morning, one sector is seeing a surge: gun manufacturing.

Firearms maker Smith & Wesson Holding Corp. surged 10.8% to $10.48 a share in morning trading, more than double its price at the beginning of the year.

Sturm, Ruger & Co. Inc. got a 6.4% boost to $47.48 a share, a 39% increase from early January

SNIP

In October, the number of firearms background checks performed on potential gun buyers jumped 18.4%, according to the FBI, as cited by Benchmark Research. The data is considered to be a leading indicator for future gun sales.

More at link

10.8% overnight jump! 18.4% October jump in NICS checks! Wow! That is a lot of guns being purchased. Each of those people is investing a few hundred dollars in a gun, or thousands in several guns. Those people will have a strong interest in keeping those guns and will be ready to fight against any gun control legislation.

Has anybody seen any jump in Brady or VPC enrollment?

46 replies, 1721 views

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46 replies	Author	Time	Post
Smith & Wesson, Ruger stocks jump after Obama win (Original post)	GreenStormCloud	Nov 2012	OP
Crazy and scary - and this isn't really news, either.	codjh9	Nov 2012	#1
Actually it news, and is neither scary or crazy. Also not unexpected	ProgressiveProfessor	Nov 2012	#20
Well of course it's not unexpected, and it's happened a lot when Obama has been prez. That's all	codjh9	Nov 2012	#23
Because there is not a related rise in violence	ProgressiveProfessor	Nov 2012	#27
Not replying to that.	codjh9	Nov 2012	#28
Why? If you can not defend your views, then what good are they?	oneshooter	Nov 2012	#29
It's not that I can't defend them. It's that I don't come to this forum to argue with people.	codjh9	Nov 2012	#31
Ummm... the entire point of this forum is to debate issues.	PavePusher	Nov 2012	#37
I didn't 'come to this forum' on purpose ... I saw this particular post on the latest threads, which	codjh9	Nov 2012	#38
"...people don't tend to argue much on those."	PavePusher	Nov 2012	#39
It makes sense ... what with the impending GOP civil war and all.	JoePhilly	Nov 2012	#2
I got invited for sail, and the asshole skipper started whining about Obama confiscating guns	Kolesar	Nov 2012	#3
Does not compute	rl6214	Nov 2012	#12
I wouldn't sail with him either; sounds like he puked on his MIC. nt	Eleanors38	Nov 2012	#40
Most of Those Guns are Being Purchased to be Used On Us	AndyTiedye	Nov 2012	#4
Nah, most are being purchased to sit in a safe and increase in value.	Atypical Liberal	Nov 2012	#5
Speculators Wouldn't Wait Until After the Election to Buy	AndyTiedye	Nov 2012	#17
They do if they think their guy is going to win.	Atypical Liberal	Nov 2012	#34
If you really believe that, then..	MicaelS	Nov 2012	#7
are we criminals?	ileus	Nov 2012	#8
Why Would Those Buying Guns to Protect Themselves Against Criminals...	AndyTiedye	Nov 2012	#16
Because they are afraid he will push through gun control legislation. N/T	GreenStormCloud	Nov 2012	#19
Through the GOP-Controlled House? Riiiiiiight	AndyTiedye	Nov 2012	#25
I didn't say they were rational in their fear, only that they were afraid. N/T	GreenStormCloud	Nov 2012	#26
I saw a woman in Wally world this evening buying two 22 rifles...	ileus	Nov 2012	#24
That is a rather extreme statement. ...	spin	Nov 2012	#9
The Teabaggers are Rather Extreme	AndyTiedye	Nov 2012	#18
I don't expect the Tea Party will ever overthrow the government by launching ...	spin	Nov 2012	#36
Who is us? Murder is dropping	ProgressiveProfessor	Nov 2012	#21
Back off the paranoia a bit. Most guns purchased aren't going to be used on you...	Eleanors38	Nov 2012	#41
I Was Referring Specifically to those who Rush to Buy Guns After Obama Wins	AndyTiedye	Nov 2012	#43
I really don't see it, even as you condition your statement.	Eleanors38	Nov 2012	#44
I'm really thinking about a M&P 45.	ileus	Nov 2012	#6
People aren't so afraid of the NRA anymore and	upaloopa	Nov 2012	#10
How come you never came back to the thread where you claimed the shooter was law-abiding?	GreenStormCloud	Nov 2012	#11
Crickets	CokeMachine	Nov 2012	#13
I think I've read	upaloopa	Nov 2012	#14
So when you're caught lying you just go away?	DonP	Nov 2012	#15
Have you learned anything?	ProgressiveProfessor	Nov 2012	#22
There is the possible explanation of Thug Love.nt	Eleanors38	Nov 2012	#45
TOO FUNNY	fightthegoodfightnow	Nov 2012	#30
So ...	Straw Man	Nov 2012	#32
Nonsense	fightthegoodfightnow	Nov 2012	#33
So ...	Straw Man	Nov 2012	#35
So you wouldn't ban AWs? Wouldn't ban 10+ magazine capacity? Support registration? etc.? nt	Eleanors38	Nov 2012	#42
Leading indicator: Hopefully, Gallup will continue to profile	Eleanors38	Nov 2012	#46

Response to GreenStormCloud (Original post)

Thu Nov 8, 2012, 02:30 PM

codjh9 (2,781 posts)

Smith & Wesson, Ruger stocks jump after Obama win

1. Crazy and scary - and this isn't really news, either.

20. Actually it news, and is neither scary or crazy. Also not unexpected

23. Well of course it's not unexpected, and it's happened a lot when Obama has been prez. That's all

27. Because there is not a related rise in violence

28. Not replying to that.

29. Why? If you can not defend your views, then what good are they?

31. It's not that I can't defend them. It's that I don't come to this forum to argue with people.

37. Ummm... the entire point of this forum is to debate issues.

38. I didn't 'come to this forum' on purpose ... I saw this particular post on the latest threads, which

39. "...people don't tend to argue much on those."

2. It makes sense ... what with the impending GOP civil war and all.

3. I got invited for sail, and the asshole skipper started whining about Obama confiscating guns

12. Does not compute

40. I wouldn't sail with him either; sounds like he puked on his MIC. nt

4. Most of Those Guns are Being Purchased to be Used On Us

5. Nah, most are being purchased to sit in a safe and increase in value.

17. Speculators Wouldn't Wait Until After the Election to Buy

34. They do if they think their guy is going to win.

7. If you really believe that, then..

8. are we criminals?

16. Why Would Those Buying Guns to Protect Themselves Against Criminals...

19. Because they are afraid he will push through gun control legislation. N/T

25. Through the GOP-Controlled House? Riiiiiiight

26. I didn't say they were rational in their fear, only that they were afraid. N/T

24. I saw a woman in Wally world this evening buying two 22 rifles...

9. That is a rather extreme statement. ...

18. The Teabaggers are Rather Extreme

36. I don't expect the Tea Party will ever overthrow the government by launching ...

21. Who is us? Murder is dropping

41. Back off the paranoia a bit. Most guns purchased aren't going to be used on you...

43. I Was Referring Specifically to those who Rush to Buy Guns After Obama Wins

44. I really don't see it, even as you condition your statement.

6. I'm really thinking about a M&P 45.

10. People aren't so afraid of the NRA anymore and

11. How come you never came back to the thread where you claimed the shooter was law-abiding?

13. Crickets

14. I think I've read

15. So when you're caught lying you just go away?

22. Have you learned anything?

45. There is the possible explanation of Thug Love.nt

30. TOO FUNNY

32. So ...

33. Nonsense

35. So ...

42. So you wouldn't ban AWs? Wouldn't ban 10+ magazine capacity? Support registration? etc.? nt

46. Leading indicator: Hopefully, Gallup will continue to profile