Shares of gun makers gain as Biden's lead grows

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Shares of gun makers have been gaining ground as Democratic candidate Joe Biden leads polls, and if he wins the November election there are expectations of a renewed surge in gun sales that could drive shares even higher

have both rallied around 8% since late September, mirroring Biden’s widening lead in the polls since his debate against President Donald Trump. The S&P 500 is up 4% in that period.

“Should we see a Biden-Harris administration get elected, I would anticipate a surge in sales of modern sporting rifles, high-capacity magazines and corresponding ammunition,” said Aegis Capital analyst Rommel Dionisio, using an industry term for military-style rifles, a high-margin product category for firearm manufacturers.

Biden has promised to prohibit the sale of military-style rifles and high-capacity magazines, similar to a 10-year ban that expired in 2004. He also promises to require owners of military-style weapons to either sell them to the government or register them with the government.

 

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Love that gun makers throw a few “OH NO YOUR 2ND AMENDMENT” ads and get their vacation homes paid for.

LIARS AMERICANS TRUST C-SPAN NOT MEDIA ANYMORE LOL!

It’s getting warmer this week and gun sales are up - wonder if it’s the heat.🙄 Correlation is not causation. Morons.

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Don't worry.. well only shot at the feet..

Another reminder that the amendments need an update. Back then people had 2 shots and needed several minutes to reload. Civilians don't need these war machines

In other words.. what happens before every election when people fear democrats are coming for their guns. That combined with the COVID-19 initial toilet paper panic.

I wonder why 🤔

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