Gun Stocks Gain Early on Trump Victory (SWHC) (RGR)

November 9, 2016 6:43 AM EST

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Gun stocks are bid sharply higher on a Trump victory.

  • Smith & Wesson (NASDAQ: SWHC) +6.9%
  • Sturm Ruger (NYSE: RGR) +5.6%

The move higher appears somewhat counter-intuitive as Obama was seen as the sector's best salesman given rhetoric about gun control, which drove sales. Clinton would have fanned these fears while a Trump victory would likely ease them.

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