Gun Stocks Soar
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Gun companies are doing too well.
Shares of the two publicly traded gun makers rallied on Monday, a day after President Barack Obama gave a prime-time address calling for a modest reduction in the availability of firearms.
Both Smith & Wesson SWHC, +6.48% and Sturm Ruger & Co. RGR, +5.65% rose over 7% on Monday.
Smith & Wesson has climbed 116% this year and Sturm Ruger has jumped 69%.
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D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.