2016 is on pace to be another record year for gun sales in the United States. According to a recent report released by the FBI, gun sales hit a 17th consecutive monthly record in October, up 27% from the same period last year. This spike in demand is being driven by two powerful forces. The first is crime. Although the national crime rate remains near 20-year lows, crime rates in major cities have spiked. For example, Chicago recently recorded its 600th murder in 2016, a number already 100% higher than that rate in 2015. Demand for guns is also being driven by politics. Gun owners and potential buyers worry about stricter gun laws. This is pulling demand forward and prompting consumers to purchase firearms sooner rather than later.
Smith & Wesson (NASDAQ:SWHC) is a firearms manufacturer based in the United States. Since its founding in 1852, the company has grown into a global leader in firearms production. Today, it supplies police departments, military forces, and recreationalists across the world. Smith & Wesson has already been cashing in on the spike in demand for firearms. Revenue is up 114% and shares are up 144% in the past three years. Despite these impressive gains, I am expecting current trends to continue through the end of the year and into 2017.
Source: Seeking Alpha
Related Articles:
- 13 Dividend Stocks and 3 ETFs To Balance Your Asset Allocation
- 4 Communications Services Stocks With Increasing Dividends
- 5 Stocks With Room To Grow Their Dividend
- 9 Dividend Stocks Ignoring The 4% Rule
- 10 Stocks That Have Paid Dividends For Over 100 Years
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Over the years, few companies have served income investors better than the S&P 500 Dividend Aristocrats. To become a “Dividend Aristocra...
-
There is a company that’s doing exactly what you want to do: lending to venture growth stage businesses in the tech sector. Better yet, that...
-
Cheap valued stocks with high yields will never go out of style. I could go on about the powers of compound interest, but I think we're ...
-
First, and perhaps the most obvious, is that being able to enter biotech stocks at a cheaper price — assuming the companies are not fundamen...
-
This has got to be the most interesting high-yield opportunity to watch this earnings season. The company was already one of the most genero...
-
The steady stream of payments from dividend stocks can act as some ballast in the rough seas. After all, if you’re already getting a 3 to 4%...
-
I am adding to my existing long position in this REIT. The commercial property REIT has very convincing portfolio and dividend coverage stat...
-
In this day and age, quarterly earnings are arguably the most watched events in the stock market. And when a company reports its quarterly f...
-
Owning dividend stocks can be a great way to not only grow your portfolio but also get a tax-effective cash return on your investment. Wheth...
-
Owning high-quality, high-yield dividend stocks is the most effective way for investors to achieve outsize returns over the long run. But wh...
0 comments
Post a Comment
Post a Comment