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WSJ Opinion: Gun Sales Surge Amid Rising Urban Violence

  • WSJ Opinion: Gun Sales Surge Amid Rising Urban Violence WSJ Opinion: Gun Sales Surge Amid Rising Urban Violence 4:19
    Families Begin Burying New Zealand Mosque Shooting Victims Families Begin Burying New Zealand Mosque Shooting Victims 1:56
6:10 a.m. April 8, 2021 - By Tomi Kilgore
Gun maker Sturm Ruger's stock heads toward 6-day win streak, Smith & Wesson shares fallShares of gun maker Sturm Ruger & Co. rose 1.4% in morning trading Thursday, putting them on track for a sixth straight gain, as President Joe Biden is expected to unveil a number of executive actions as he looks to address gun violence. The stock has climbed 7.2% during its win streak, which would be the longest since the six-day win streak ended Oct. 23, 2019. Meanwhile, shares of fellow gun maker Smith & Wesson Brands Inc. fell 0.9% Thursday, after gaining in five of the previous six sessions. Industry experts have said the regulatory environment is often the biggest driver of demand for guns, and a catalyst for gun maker stocks. Biden is expected to announce tighter regulations requiring buyers of homemade firearms -- "ghost guns" -- to undergo background checks, and is expected to name former federal agent and adviser to a gun control group to be the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), . Elsewhere, ammunition and shooting accessories maker Vista Outdoor Inc.'s stock were little changed on Thursday. Over the past three months, shares of Sturm Ruger have lost 1.7%, Smith & Wesson have shed 5.5% and Vista Outdoor have rallied 15.9%, while the S&P 500 has tacked on 6.9%.
8:51 a.m. April 7, 2021 - By Victor Reklaitis
Biden to announce executive actions on guns on Thursday: reportPresident Joe Biden is expected to roll out a package of executive actions on Thursday aimed at curbing gun violence, according to a citing unnamed sources. The actions will include directing his administration to start the process of requiring background checks for buyers of "ghost guns," which are homemade firearms without serial numbers, the report said. Gun stocks jumped following the report but have since given up that gain, leaving Sturm, Ruger & Co. shares down 0.9% in recent trading, while Smith & Wesson Brands Inc. shares were up 0.8%.
8:39 a.m. Dec. 22, 2020 - By Tomi Kilgore
Vista Outdoor's stock shoots up toward a near 4-year high after Cowen analyst said it's time to buyShare of Vista Outdoor Inc. shot up 24.6% in midday trading Tuesday, putting them on track for the highest close since February 2017, after Cowen analyst Gautam Khanna turned bullish on the ammunition and shooting sports accessories maker, saying the current ammo demand upcycle is likely to last. Khanna raised his rating to outperform, after being at market perform for at least the last three years, and raised his price target to $33 from $29. Among the reasons Khanna believes ammo demand will continue, he believes President-elect Joe Biden's stricter gun control ambitions than current President Donald Trump's will provide an ammo/firearm "demand stimulant." Also, the recent ammo demand surge reflects and "an influx of new shooters," rather than just stockpiling by longstanding shooters, and the "cultural 'Armageddon' mentality may linger" given the recent surge in COVID-19 cases and civil unrest fears. The upbeat assessment of ammo demand was giving the shares of firearms makers a boost amid broader stock market weakness, with Smith & Wesson Brands Inc. rallying 2.5% and Sturm Ruger & Co. climbing 2.8%, while the S&P 500 fell 0.2%.
10:09 a.m. Nov. 4, 2020 - By Tomi Kilgore
Gun stocks tumble, as election uncertainties sparked worries of reduced demandShares of gun makers tumbled Wednesday, as a failed Democratic election sweep assuaged concerns over potential tighter regulations, which could have sparked further demand for firearms. Smith & Wesson Brands Inc.'s stock plunged 1.7% and Sturm, Ruger & Co.'s stock dropped 10.5%. Shares of ammunition and shooting sports accessories maker Vista Outdoor Inc. was knocked down 4.6%. The selloff bucked the surge in the broader stock market, in which the Dow Jones Industrial Average jumped 643 points, or 2.3%, and the S&P 500 hiked up 3.0%. , amid growing expectations that Former Vice President Joe Biden would be elected president and Democrats would take over a majority of the Senate. Analysts say that concerns over tighter gun regulation tends to be the primary driver of demand for firearms. Meanwhile, gun stocks had been soaring since March, as worries about social unrest stemming from the COVID-19 pandemic and calls to defund the police also fueled demand.
7:15 a.m. Sept. 26, 2020 - Associated Press
Portland braces itself for large right-wing rally The Proud Boys, designated as a hate group by the Southern Poverty Law Center, described the rally as a free speech event to support President Trump and the policeAt least several thousand people are expected in Portland, Oregon, on Saturday for a right-wing rally in support of President Donald Trump and his “law and order” reelection campaign as tensions boil over nationwide following the decision not to charge officers in Louisville, Kentucky, for killing Breonna Taylor.
9:37 a.m. Sept. 11, 2020 - By Tomi Kilgore
Vista Outdoor's stock shoots up after B. Riley FBR analyst turns bullish, lifts target to imply a 55% upsideShares of Vista Outdoor Inc. ran up 6.6% in afternoon trading, after B. Riley FBR analyst Eric Wold turned bullish on the ammunition and outdoor gear maker, citing increased confidence that strengthened demand will last beyond the initial stages of the post-COVID-19 stay-at-home trend. Wold raised his rating to back to buy, after downgrading it to neutral on July 8. He raised his stock price target to $30, which is 55% above current levels, from $23. "At this point, we are increasingly confident that the spiking demand seen with both outdoor products and shooting sports/ammunition during the recent COVID-19 shutdowns, 'stay-at-home' environment, and civil unrest movements could prove more than fleeting and potentially create a new demand base heading into next year," Wold wrote in a note to clients. " Due to the combination of elevated firearms demand and the number of first-time gun buyers coming into the industry, our channel checks and management conversations indicate that ammo inventory out in the dealer channel remains extremely tight." The stock has rocketed 159.5% year to date, while the S&P 500 has edged up 2.7%.
3:02 a.m. Sept. 8, 2020 - Associated Press
What Biden, Trump, Barr get wrong about the coronavirus, protests, light bulbs, and voting both by mail and in person Associated Press engages in fact checksIn a week filled with fabrication, half-truths and misrepresentation, he also wrongly took full credit for veterans improvements that were underway before he took office.
11:50 a.m. Sept. 2, 2020 - Associated Press
What Trump got wrong about what happened in Kenosha, Wis. An Associated Press fact checkPresident Donald Trump is not waiting for a trial to sort out what happened on the streets of Kenosha, Wis.
9:07 a.m. Sept. 1, 2020 - Associated Press
Trump’s pattern of misleading claims about National Guard deployments Trump regularly omits the fact that he is largely a bystander in National Guard deploymentsIt’s become a pattern when unrest flares in a city: President Donald Trump suggests he has National Guard troops ready to send to the scene and takes credit for dispatching them and restoring calm while he accuses Democrats of being squishy on law and order.
12:32 a.m. Sept. 1, 2020 - By Davide Mamone
‘Their first instinct was to face the crisis by buying a gun’: Charlotte deals with life after the GOP Convention amid COVID-19 — and braces for November’s election ‘I am a raging pro-choice, pro-gay marriage, pro-everything social liberal, as far left you can get in this country. But I am also a proud pro-Second Amendment supporter,’ says Jonathan Lee, 46, an Uber driver ‘I am a raging pro-choice, pro-gay marriage, pro-everything social liberal, as far left you can get in this country. But I am also a proud pro-Second Amendment supporter,’ says Jonathan Lee, 46, an Uber driver.
7:30 p.m. Aug. 27, 2020 - Associated Press
Teen charged in Kenosha shootings that killed 2; could face life sentence Kyle Rittenhouse’s attorney claims self-defenseProsecutors on Thursday charged a 17-year-old from Illinois in the fatal shooting of two protesters and the wounding of a third in Kenosha, Wisconsin, during a night of unrest following the weekend police shooting of Jacob Blake.
6:04 p.m. Aug. 26, 2020 - Associated Press
17-year-old suspect arrested in deadly shootings at Kenosha, Wis., protest Officer who shot Jacob Blake identified; governor sends in more National Guard troopsSuspect arrested in Antioch, Ill., some 15 miles from Wisconsin city roiled by police shooting of Jacob Blake.
7:33 p.m. Aug. 24, 2020 - Associated Press
Weather provides break as fire crews gain ground on massive California blazes Bay Area avoids lightning, high wind, but heavy smoke blankets large regionFire officials are cautiously optimistic after dodging a major lightning storm, but they are pleading with residents to heed warnings and stay out of evacuation zones as three massive San Francisco Bay Area wildfires rage on, suffocating the region with smoky air.
9:34 a.m. Aug. 14, 2020 - By Matt Smith
How politicians like Kamala Harris have long backed Portland-style policing Critics say agencies sometimes exaggerate problems to justify launching a multijurisdictional task force, and then overreach in their efforts to record a successMultiagency law enforcement task forces have been around since the 1970s and now include hundreds of organizations with thousands of officers. Critics say there has been scant effort to evaluate whether the task forces actually reduce the problems they were set up to solve.
12:20 p.m. July 22, 2020 - Associated Press
Trump and Barr expand ‘surge’ of federal forces to Chicago and Albuquerque In addition to Portland, Ore., hundreds of federal agents already have been deployed to Kansas City, Mo.In addition to Portland, Ore., hundreds of federal agents already have been deployed to Kansas City, Mo.
7:02 p.m. July 21, 2020 - Associated Press
14 injured in shooting outside Chicago funeral home Shooting comes as federal officers poised to deploy in cityFourteen people were injured, one person was in custody and additional suspects were being sought after gunfire erupted outside a funeral home on Chicago’s South Side where at least one squad car was present, police officials said Tuesday.
12:32 p.m. July 5, 2020 - Associated Press
Network of Facebook groups shifts attacks from stay-at-home orders to Black Lives Matter Private groups have become hubs of misinformation, conspiracy theoriesA loose network of Facebook groups that took root across the country in April to organize protests over coronavirus stay-at-home orders has become a hub of misinformation and conspiracy theories that have pivoted to a variety of new targets. Their latest: Black Lives Matter and the nationwide protests of racial injustice.
9:03 a.m. July 4, 2020 - Associated Press
Americans’ opinions about police brutality and racial injustice have moved dramatically. About half of Americans now believe police violence against the public is a serious problem, up from a third, according to a poll It’s rare for public opinion on social issues to change sharply and swiftly. And yet in the wake of George Floyd’s death, Americans’ opinions about police brutality and racial injustice have moved dramatically.
7:11 a.m. July 4, 2020 - By Rupert Steiner
An instant chat app promising criminals ‘worry free secure communication’ was hacked by police — here’s how 746 gangsters were arrested. Police hacked into a WhatsApp-style chat for gangsters and spied on drug dealers, weapons traffickers, and crime lords plotting to execute rivals. Police hacked into a WhatsApp-style chat for gangsters and spied on drug dealers, weapons traffickers, and crime lords plotting to execute rivals.
2:41 p.m. July 3, 2020 - Associated Press
Michigan couple face criminal charges after wife points gun at fellow customer in Chipotle parking lot The couple, who are white, engaged with a Black woman and her daughters in the altercationA white couple face criminal charges after one of them was captured on video pulling a handgun on a Black woman and her daughters in a restaurant parking lot in Michigan.
10:05 a.m. July 2, 2020 - Associated Press
Background checks for guns hit all-time high in June Halfway through 2020, just over 19 million checks have been done, more than all of 2012 and each of the years before thatHistoric numbers of background checks to purchase or possess a firearm were done in June, a trend in a year marked by uncertainty over the coronavirus pandemic, a subsequent economic recession, protests over racial injustice and calls to reduce police funding.
9:38 a.m. July 1, 2020 - Associated Press
City swiftly dismantles Seattle’s ‘autonomous’ protest zoneSeattle police turned out in force early Wednesday at the city’s “occupied” protest zone, tore down demonstrators’ encampments and used bicycles to herd the protesters after the mayor ordered the area cleared following two fatal shootings in less than two weeks.
4:53 p.m. June 24, 2020 - Associated Press
So seriously, what’s up with the fireworks everywhere these days? From bored kids to police conspiracies, theories aboundThey’ve become a nightly nuisance ringing out from Connecticut to California, angering sleep-deprived residents and alarming elected officials.
4:25 a.m. June 20, 2020 - By Morey Stettner
You support peaceful protestors. But would they approve of your investments? More people now want their financial adviser to help them support social and political causesMore people now want their financial adviser to help them support social and political causes.
5:07 a.m. June 18, 2020 - By Mark DeCambre
‘More police officers are shot and killed by blacks than police officers kill African-Americans,’ claims former New York Mayor Giuliani ‘I think logically, 99%, if not more, of the police contact with the public is appropriate,’ Giuliani saysRudy Giuliani offers his perspective to Fox News on rising concerns that the police disproportionately kill black Americans.
6:30 a.m. June 15, 2020 - Associated Press
Supreme Court refuses to take up challenges to gun-control lawsGun-rights advocates had hoped the court would expand the constitutional right to “keep and bear arms” beyond the home.
6:14 a.m. June 12, 2020 - Associated Press
Police academy instructor says U.S. cops are ‘woefully undertrained’ in use of force As calls for police reforms sweep the U.S., some instructors and researchers say officers lack sufficient trainingSeattle officers hold down a protester, and one repeatedly punches him in the face. In another run-in, officers handcuff a looting suspect on the ground, one pressing a knee into his neck — the same tactic used on George Floyd.
4:21 p.m. June 5, 2020 - Associated Press
Indiana police chief defends rights of armed citizens monitoring peaceful local rally against racism and brutal policing ‘They have a right to do that’“There were individuals — not related to a police department, just private citizens— that had their personally owned rifles displayed,” the local police chief said during a virtual city forum. “They have a right to do that.”
3:43 a.m. June 3, 2020 - By Tomi Kilgore
Gun stocks rally as continued surge in background checks, street violence stoke demand Sturm, Ruger shares soar to highest level since before Trump was elected; Smith & Wesson’s stock powers toward 19-month highShares of gun and ammo makers surged again Tuesday, as data showing a continued surge in firearm background checks and reports of another night of street violence helped fuel investor demand.
3:15 a.m. June 2, 2020 - By Tomi Kilgore
Digital Ally, Cemtrex and gun stocks power higher as social unrest fuels investor interest The 3 most active Nasdaq stocks were of companies that make body camera or video transmission products used by law enforcement Shares of Digital Ally Inc. and Cemtrex Inc. powered to near one-year highs on heavy volume Monday, as the nationwide protests against police killings fueled investor interest in the security products makers.
6:45 p.m. May 17, 2020 - Associated Press
Criminal investigation launched into explosion at Los Angeles hash oil manufacturer 12 firefighters injured in fiery blast; all expected to survivePolice and fire investigators launched a criminal probe Sunday into the cause of an explosion at a hash oil manufacturer in downtown Los Angeles that sent firefighters running for their lives.
12:12 p.m. May 9, 2020 - By Max A. Cherney
Gun maker Sturm Ruger details increased demand for firearms as COVID-19 spread in U.S. FBI data says that background checks required for gun sales jumped by over 1.5 million from the year before in March and AprilGun manufacturer Sturm Ruger & Co. Inc. shares rose to the highest level in a year this week after the company reported a spike in distributor sales to retailers amid increased demand for guns as the COVID-19 pandemic spread across the world.
7:30 p.m. May 7, 2020 - Associated Press
In Georgia, two white men arrested, charged with murder of jogger Ahmaud Arbery Case has drawn national outrage; governor calls video of incident ‘horrific’A white father and son accused of fatally shooting a black man on a residential Georgia street were arrested Thursday and charged with murder and aggravated assault after a national outcry that no arrests had been made, authorities said.
7:39 a.m. May 5, 2020 - Associated Press
Gun background checks remain high during the coronavirus pandemic Americans have been flocking to gun stores in high numbers for the second month in a row amid worries about the coronavirus pandemicAmericans have been flocking to gun stores in high numbers for the second month in a row amid worries about the coronavirus pandemic.
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