On Thursday, the Supreme Court handed down a decision voiding a New York City law which banned the carrying of guns in the city without a permit. While it doesn't make any sweeping changes to NY state law, merely punting the decision back down to a lower court for further review, it's an indicator of a potential trend that could send firearms sales to the moon and beyond.
With the Court's ruling coming in on a 6-3 majority, I'm betting we're going to see future challenges being brought against the more restrictive gun laws around the country, and it's likely that those cases will ease ownership and carry restrictions.
This uptick in sales is obviously going to be very good for gun manufacturers, but it also has a good chance of making investors some serious money.
The two companies I'm looking at right now are set to be some of the biggest beneficiaries here, but they also both pass one of my tests for evaluating stocks in this volatile market: their balance sheets are still solid winners.
I've been saying for a while that investors need to prioritize firms that are succeeding at "Econ 101" - consistent revenues, good profits, low debt, and lots of income available to common shareholders. Both of these companies fall into that category, and now they're set to ride even higher.
I think we could easily see a 50% or more bump from both of them in a year. Check out this video for the tickers, and two bonus trades...
Readers, we're living through a "new normal" in the global economy that's going to be with us for a while: soaring inflation, supply chain problems, and skyrocketing levels of consumer debt are just some of the indicators that we're in for a rough ride.
In this bear market, things are more likely to get worse before they get better. The markets have farther to fall - 10-20% farther - and we need to be prepared. That's why I'm bringing Money Morning's Special Situations Strategist, Tim Melvin, on this Tuesday, June 28, at 8 p.m. EST to talk about the state of the markets, what we see coming down the road, and all the different investment opportunities it's going to bring.
Keep your eyes on your inbox - there's still a chance to reserve your spot for this "can't-miss" event.
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About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.