After the terror attack in Orlando, both President Obama and presumptive Democratic nominee Hillary Clinton immediately called for stricter gun control – while gun sales increased, and shares of gunmakers surged.
Smith & Wesson shares jumped 11%, while Sturm, Ruger & Company shares jumped 8% on Monday.
A lone gunman, Omar Mateen, killed 49 people at the Orlando nightclub, in an Islamic terror attack that has now been identified as the deadliest mass shooting in U.S. history. No one else the building had a gun and were defenseless to stop him, until a police SWAT team finally killed him after the ordeal had gone on for 3 hours.
Gunmakers have reported a huge increase in sales, as consumers fear guns may become harder to buy if stricter legislation is passed.
In his speech in New Hampshire Monday, Donald Trump reinforced his commitment to protecting the second amendment:
“Hillary Clinton says the solution is to ban guns. They tried that in France, which has among the toughest gun laws in the world, and 130 were brutally murdered by Islamic terrorists in cold blood. Her plan is to disarm law-abiding Americans, abolishing the 2nd amendment, and leaving only the bad guys and terrorists with guns. She wants to take away Americans’ guns, then admit the very people who want to slaughter us.
I will be meeting with the NRA, which has given me their earliest endorsement in a Presidential race, to discuss how to ensure Americans have the means to protect themselves in this age of terror.”
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