CNN.com:
The election is finally over. It's not a huge surprise that so-called Obama stocks in health care (particularly hospitals) are rallying, while stocks that might have fared better under Mitt Romney, such as coal companies and banks, are tanking.
But there is a rally in one small sector Wednesday that may seem counterintuitive at first: guns and ammo. Firearms manufacturers Smith & Wesson and Sturm, Ruger both popped Wednesday. Shares of hunting goods retailers Cabela's and Big 5 Sporting Goods (were also higher.
The reasoning? Traders on StockTwits are citing continued fears that President Obama may eventually want to push for stronger laws on gun control. And that apparently has investors thinking that nervous fans of the 2nd Amendment will rush out to buy guns before it gets tougher to do so.
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The election is finally over. It's not a huge surprise that so-called Obama stocks in health care (particularly hospitals) are rallying, while stocks that might have fared better under Mitt Romney, such as coal companies and banks, are tanking.
But there is a rally in one small sector Wednesday that may seem counterintuitive at first: guns and ammo. Firearms manufacturers Smith & Wesson and Sturm, Ruger both popped Wednesday. Shares of hunting goods retailers Cabela's and Big 5 Sporting Goods (were also higher.
The reasoning? Traders on StockTwits are citing continued fears that President Obama may eventually want to push for stronger laws on gun control. And that apparently has investors thinking that nervous fans of the 2nd Amendment will rush out to buy guns before it gets tougher to do so.
MORE
