Sunday, November 1, 2020

Gun, ammunition stocks benefit from U.S. election issues

Law-and-order issues raised in this year’s U.S. presidential election have bolstered shares of gun and ammunition makers. Smith & Wesson Brands Inc., which spun off an outdoor-gear unit in August, more than doubled for the year through Friday. So did Vista Outdoor Inc., a supplier of ammo and other gun-related products. Sturm Ruger Inc. rose 42%, including a gain after reporting third-quarter results last week. Sales at Sturm Ruger rose last quarter by 53%, the most in 11 years. CEO Christopher Killoy said demand was stoked by civil unrest and calls to defund the police, along with the coronavirus pandemic.

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