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  • Gun Stocks Surge After Obama’s Uses Prime-Time Terrorism Address To Push Gun Control

    12.08.2015 | News | |

    Stocks for gun companies are soaring the day after President Obama gave a gave a prime-time address on terrorism and called for a reduction in the availability of firearms.

    Obama on Sunday night said no one on the no-fly list should be able to buy a gun and that it should be harder for people to buy powerful assault weapons in response to a mass shooting in San Bernardino last week that ended with 14 people dead and 21 injured

    Consumers however, are hastily buying firearms out of fear of lawmakers passing stricter gun control laws.

    The logic on Wall Street is that the increased talk of gun restriction will cause gun sales to spike.

    Gun maker Sturm, Ruger & Company had a $2.83 jump by day end. The Connecticut-based company closed at $57.50. Vista Outdoor Inc. jumped up by nearly $1, and Smith & Wesson increased a full $1 as well, marking an eight year high, according to MarketWatch.

    White House Press Secretary Josh Earnest was asked during a press briefing Monday about news that stocks for gun companies were soaring after Obama’s push on gun control and he appeared concerned but repeated the president’s call for more gun control.

    “I guess if I can hearken back to High School English, I guess this is the definition of tragic irony,” Earnest replied.


    Alicia Powe

    Staff Writer

    Alicia Powe is a staff writer for Daily Surge. She worked in the War Room of the Rudy Giuliani Presidential Committee and served as a White House Intern during the George W. Bush administration. Alicia has written for numerous outlets, including Human Events, Media Research Center and Townhall.com.

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