StreetInsider's 'Fear Trade' Pays Off in Spades (SWHC) (RGR) (WMT) (COST)
Tweet Send to a Friend
Get Alerts SWHC Hot Sheet
Down)
Trade SWHC Now!
With the end of the world fast approaching, traders are eyeing shares of gun maker Smith & Wesson (Nasdaq: SWHC). On May 31st, StreetInsider.com highlighted the stock in its 'Guide to Investing for the End of the world'. Since then, shares have climbed 57 percent. Coincidence? Perhaps... or perhaps there are no coincidences (cue twilight zone theme song).
This afternoon Smith & Wesson reported FQ2 earnings, and the gunslingers did not disappoint. Smith & Wesson Holding Corp. reported earnings of 24 cents, in line with estimates, on record revenue of $136.56 million. Smith & Wesson also reported earnings guidance that was ahead of estimates for the third quarter.
Gun maker Sturm, Ruger & Co. Inc. (NYSE: RGR) was also featured in the Guide to Investing for the End of the world. Its shares are higher by 35 percent since then, excluding hefty dividend payouts.
Two other stocks featured in the report included Wal-Mart (NYSE: WMT) and Costco Wholesale Corporation (Nasdaq: COST). They are higher by 9 percent, 22 percent, respectively.
The fear trade, it seems, is alive and well. Enjoy it while it lasts.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
This afternoon Smith & Wesson reported FQ2 earnings, and the gunslingers did not disappoint. Smith & Wesson Holding Corp. reported earnings of 24 cents, in line with estimates, on record revenue of $136.56 million. Smith & Wesson also reported earnings guidance that was ahead of estimates for the third quarter.
Gun maker Sturm, Ruger & Co. Inc. (NYSE: RGR) was also featured in the Guide to Investing for the End of the world. Its shares are higher by 35 percent since then, excluding hefty dividend payouts.
Two other stocks featured in the report included Wal-Mart (NYSE: WMT) and Costco Wholesale Corporation (Nasdaq: COST). They are higher by 9 percent, 22 percent, respectively.
The fear trade, it seems, is alive and well. Enjoy it while it lasts.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- Macy's (M) Posts Q1 EPS of 55c; Comps Up 3.8%; Boosts Dividend 25%, Raises Buyback
- J.P. Morgan (JPM) CEO Dimon Might Have Enough Votes to Stay Chairman - NY Times
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Dividend, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
