Gun Stocks Reach Record Highs After Dallas Police Shooting

>Sturm, Ruger & Company stocks also rose the morning after the Dallas shooting, reaching a midday trading high Friday of $68.14, up from its closing price on Thursday of $65. Taser International, which produces non-lethal stun devices and Axon body cameras used by police departments nationwide, also opened higher on Friday at $26.99, up from its previous closing price of $25.77. Digitally Ally, another body camera maker, opened at $6.57, up from its Thursday closing price of $4.13.

>John Blank, chief equity strategist for Zacks Investment Research, points out "This is the share price pattern on days like this,” noting that both Sturm and Smith & Wesson received a similar-sized boost after the mass shooting in Orlando in June that killed 49 people.

>“In short, more public shootings with guns in the news headlines apparently means more demand for guns,” Blank says. “I assume the idea is everyday people in America go out and buy more guns to protect themselves when they see this kind of public gun-driven chaos out there.”

>Fears that the Obama administration will increase gun control have also spurred sales of guns and increases in their share values throughout his term. Smith & Wesson’s stock has risen steadily from 3.59 in July 2011 to Friday's opening of $29.74. During that same time Sturm’s share price has grown from $23.37 to $67.62.

>President Barack Obama condemned the Dallas shootings as "a vicious, calculated, and despicable attack on law enforcement," and repeated his plea for awareness about the risks of gun violence that accompany easy access to weapons.

>"When people are armed with powerful weapons, unfortunately, it makes attacks like these more deadly and more tragic," he said Friday during a summit in Poland. "In the days ahead, we will have to consider those realities as well. In the meantime, today, our focus is on the victims and their families."

more coverage:
http://www.cnbc.com/2016/07/08/smith-wesson-poised-to-open-near-all-time-high.html

Makes sense. It's been well-reported by now, since mass shootings have been covered so often, that every big/politicized shooting incident results in a spike of gun sales (people fearing that gov't is going to ban guns, if you can't figure out why -- some are revolution nuts, but others smartly presume from precedent that any assault rifle or handgun ban will not require surrender of existing privately-owned weapons). It's usually silly for stock prices to track short-term profit spikes, since only those with enough shares to get decent dividends would really benefit, but that's what they do.

Both the stock price and actual profits for gun companies will tank should a categorical weapons ban ever pass, however, so this is the worst time to buy long-term.

>>57044
Thank God it never will.
I'm waiting for import bans to be lifted.
https://imgur.com/scwsjg7

>>57110
related to your pic >>56717

>>57112
Pls no. ;_;
U.S. + Russia balnda up is the best.

>>57033
Good goy!

>>57116
Any jew that makes guns is a good jew in my book.

Except those IWI faggots. Charging over a grand for a half plastic pistol.

>>57121
I had a toy plastic Uzi that was life-sized relative to my child's body and had a cool clicky sound effect on fully-auto fire. Plus, it was the age before they mandated orange nose cones (or maybe it was a hand-me-down from said age, I forget).

I wonder if it had to be licensed from IWI...

It's almost like the gun companies pay people to scare monger for them so they can get more sales from idiot /k/ommandos every time a shooting occurs. But that'd be crazy, right?