At a time when the year-to-date value of the Dow Jones Industrial Average is down by more than 4 percent and the Standard & Poors 500 by nearly 3 percent, the share price of firearms stocks has increased sharply.
Successful gun companies like Smith & Wesson and Sturm, Ruger & Co. are some of the best investments in today’s market. S&W stock has jumped more than 80 percent this year—and if it were included in the S&P 500, it would be the second-best performer of the year, CNN Money reports. Meanwhile, Ruger stock is up 70 percent this year.
One irony of the firearms debate is that the more anti-gun politicians push for “gun control,” and the more they attack the NRA, the more Americans purchase firearms and join the NRA. If those politicians truly wanted fewer Americans to buy guns and join the NRA, they would sit down and shut up about guns.