Josh Anderson, Associated Press
Now that the election is over and Obama is re-elected, voters are apparently expected to stock up on firearms.
Stocks plunged on news of President Barack Obama’s re-election, dropping the Dow by 245 points in the first hour of trading, according to a recent article.
But gun manufacturers have managed to avoid the drop.
Smith & Wesson Holding Corp., a firearms manufacturer, saw its stocks jump 10.8 percent to $10.48 per share in morning trading on Wednesday, according to the L.A. Times.
Sturm, Ruger & Co. also saw a 6.4 percent rise to $47.48 per share, which is a 39 percent increase since the beginning of 2012.
Consumers are expected to stock up on guns now that Obama has been re-elected, according to the LA Times.
No, it’s not because of anger. It’s because Obama has promised stricter gun restrictions during one of his presidential debates.
- Gratuity, please: The do's and don't's of...
- 4 signs you need to quit your job to advance...
- Utah County completes $50 million upgrades on...
- Balancing act: Survey: Workplace bullying is...
- Set to purchase an iPhone 6s? Here's what you...
- Dave Ramsey says: Canceling credit card...
- Sandy offers safer location for e-commerce...
- Chick-fil-A opening NYC outpost in national push
- Balancing act: Survey: Workplace... 5
- Dave Ramsey says: Canceling credit card... 4
- The Catch-22 millennials face in... 3
- Teamsters members charged with... 2
- Plans call for 'convenient, inspiring... 2
- Chick-fil-A opening NYC outpost in... 1
- Local businesswoman starts networking... 1
- Gratuity, please: The do's and don't's... 1