Gun Stocks Outperform Market Following Aurora Shooting
Writing for the website Seeking Alpha, Nigam Arora made a similar argument, linking the strong performance of both Sturm, Ruger and Smith & Wesson during the Obama presidency to stockpiling by "gun enthusiasts" afraid the President would try to enact tougher gun laws.
Indeed, since the start of 2008, shares of Sturm, Ruger and Smith & Wesson are up 425% and 61% respectively, compared to negative returns for the DJIA and the S&P 500 and a 7% return for the Nasdaq Composite index.
While the National Rifle Association has continued to push the image of Obama as "anti-gun," the Obama Administration has continued to defend the rights of gun owners even in the wake of last week's shootings, notes The Christian Science Monitor.
-- Written by Dan Freed in New York.