The only industry that does well under Obama.
Via NY Post:
Investors on Friday pushed the shares of gunmakers higher in what has become a typical reaction following a mass shooting.
On the day after five police officers in Dallas were killed by a sniper, Smith & Wesson shares gained 2.8 percent, to close at $29.07.
The company’s shares opened trading at an all-time high.
Rival Sturm, Ruger & Co. saw its shares gain 4.9 percent, to $67.66.
In addition, shares of Taser International, the maker of stun guns and body cameras used by police departments across the country, spiked 5.9 percent, to $27.30.
Digital Ally, a much smaller maker of body cameras, saw its shares soar 62 percent, to $6.69.
The rash of mass shootings and police-related incidents have made gun and body-camera stocks among the market’s best performers this year.