ASUG8 wrote:Either way, this becomes yet another economic stimulus package directed toward the gun lobby. Ammo and AR-15's will be flying off the shelves in the coming week.
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Obama 'best gun salesman' on Earth: Stock picker
Louis Navellier, known for his stock selection prowess, is betting on two firearms companies that have been swept up in a nationwide buying frenzy sparked by Americans concerned about President Barack Obama's intentions regarding gun control and their safety following terrorist attacks in San Bernardino, California, and Paris late last year.
Navellier said he owns Sturm Ruger and Smith & Wesson, which were both sharply higher Tuesday morning, ahead of Obama's planned formal announcement about executive actions he wants to take to restrict gun sales.
"Mr. Obama is the best gun salesman on the planet," the chairman of Navellier Associates told CNBC's "Squawk Box," adding that he has not gotten any pushback from investors concerned about profiting from gun stocks. "They just want us to make money."...
....Sturm Ruger was up nearly 90 percent in the past 12 months based on Monday's close.
....Smith & Wesson was up about 165 percent in the past 12 months based on Monday's close......"
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