5 Gun Stocks To Buy For Fear Of A Biden Presidency

5 Gun Stocks To Buy For Fear Of A Biden Presidency

Source: Supakorn Pe / Shutterstock.com The 2020 election has investors tense. And while it’s anyone’s guess as to who could win, we have a good sense that guns stocks could explode higher on a potential Joe Biden win. That’s because many are concerned he and running mate Kamala Harris could enact legislation to potentially curb the Second Amendment. In fact, Biden has already noted he would ban “assault weapons, ban high capacity magazines and introduce universal background checks in a bid to confront what he called America’s ‘gun violence epidemic,’” as reported by Newsweek contributor David Brennan . That might also explain why background checks are exploding around the country. According to the FBI, the National Instant Criminal Background Check System (NICS) conducted 14.8 million checks for gun sales this year. In October, firearm background checks soared 60% year-over-year to 1.769 million. With gun sales only increasing, here are some of the top stocks to consider: Gun sales haven’t just shot to highs on Biden concerns, but on fears of lawlessness due to the novel coronavirus pandemic and possible protests. Gun Stocks To Buy For A Biden Presidency: Smith & Wesson Brands (SWBI) Since bottoming out at $5.47 in March, SWBI stock has exploded to $17.31. From here, I believe the stock could retest prior highs of $22.33 in the near term. FY2021 Q1 earnings results were very good. Higher gun sales led the company to report net income of $48.4 million, or 86 cents a share, up from […]

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