Keep an eye on gun stocks, like Smith & Wesson (SWBI) and Sturm Ruger (RGR).
Investors believe a Biden win could fire up gun stocks, like these.
All on speculation he and running mate Kamala Harris could enact legislation to potentially curb the Second Amendment. Biden has already noted he would ban “assault weapons, ban high capacity magazines and introduce universal background checks in a bid to confront what he called America’s ‘gun violence epidemic,’” as reported by Newsweek.
That’s in addition to higher gun sales on fears of unlawfulness with the coronavirus and protests. Plus, according to the FBI, the National Instant Criminal Background Check System (NICS) conducted 14.8 million checks for gun sales this year.
