While most sectors are still recovering after the market downturn in January, the firearms sector has been thriving.
The three biggest gun stocks are up a combined 60% this year. That's Sturm, Ruger & Co. (NYSE: RGR), Smith & Wesson Holding Corp. (Nasdaq: SWHC), and Vista Outdoor Inc. (NYSE: VSTO).
While most sectors are still recovering after the market downturn in January, the firearms sector has been thriving.
The three biggest gun stocks are up a combined 60% this year. That's Sturm, Ruger & Co. (NYSE: RGR), Smith & Wesson Holding Corp. (Nasdaq: SWHC), and Vista Outdoor Inc. (NYSE: VSTO).
SWHC Stock is already up nearly 16% this year, while the S&P 500 has dropped 2%.
And there's one major trend that will cause Smith & Wesson to continue its climb.
But first, let's look at SWHC's earnings results...
Stock market news, June 20: The Dow Jones Industrial Average and the S&P 500 both hit record highs today (Friday), finishing out the week on a positive note. U.S. crude-oil benchmark closed at the highest level in nine months as geopolitical tension continues to shake Iraq. Brent futures ended a seven-day streak, finishing below $115 a barrel.
Here's the scorecard from today's trading session:
DOW: 16,951.51 (+0.18%)
S&P 500: 1,962.91 (+0.18%)
NASDAQ: 4,368.04 (+0.2%)
And here are the top stories that affected the stock market today...
Hot stocks today are moving on M&A news, analyst upgrades, and Q1 2014 earnings reports.
Today's hot stocks to watch list includes a number of biotech companies providing promising updates on cancer treatments, a casual food chain soaring on robust sales, and a penny stock shipping company surging some 80% on a new eco-friendly fleet.
Take a look at 12 of Tuesday’s hot stocks to watch, and find out what’s behind their moves.
With Washington bent on curbing gun and ammunition availability, sales for such items are soaring across the country, as evidenced by a bang-up quarter from Smith & Wesson Holding Corp. (Nasdaq: SWHC).
SWHC stock jumped some 18% intraday Wednesday to $14.27 after reporting better than expected earnings and revenue growth Tuesday after the close.
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