Property News · June 16, 2016

Deadly shooting at Pulse nightclub was a financial windfall for gun makers


When the stock market opened on Monday morning, a day after news of the mass shooting in Orlando, shares of Smith & Wesson and Sturm Ruger soaredAnother senseless act of mass murder has sadly sparked the same chain reaction. A community has gone into mourning, fear once again stalks the land. Politicians have called for a moment’s silence while refusing to do anything to stop the next one. And gun companies have emerged as the only winners.The S&P 500 has remained largely flat over the last 12 months and gun stocks have been among the outperformers. Sturm Ruger & Co has risen 7.86%, while Smith & Wesson Holding is up a whopping 37.9% since this time last year. Continue reading…

Source : theguardian.com
Read more…Deadly shooting at Pulse nightclub was a financial windfall for gun makers

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