If You Invested $1,000 In Gun Stocks When Joe Biden Was Elected President, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
The article discusses the performance of gun stocks since Joe Biden's election in 2020. It highlights that some gun stocks have gained, while others have declined in value. The overall return of a basket of six gun stocks has been 25.6%, which is the same as the S&P 500 Global ETF Trust (SPY) since the 2020 election.
June 08, 2023 | 10:16 pm
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NEGATIVE IMPACT
American Outdoor Brands (AOUT) has declined by 47.6% since Joe Biden's election in 2020.
The article states that American Outdoor Brands (AOUT) has declined by 47.6% since Joe Biden's election in 2020. This decline in value is likely due to the increased attention on gun stocks and potential regulation on guns, background checks, and other regulations impacting the firearms industry.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Ammo Inc (POWW) has declined by 10.6% since Joe Biden's election in 2020.
The article states that Ammo Inc (POWW) has declined by 10.6% since Joe Biden's election in 2020. This decline in value is likely due to the increased attention on gun stocks and potential regulation on guns, background checks, and other regulations impacting the firearms industry.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Smith & Wesson Brands (SWBI) has declined by 13.2% since Joe Biden's election in 2020.
The article states that Smith & Wesson Brands (SWBI) has declined by 13.2% since Joe Biden's election in 2020. This decline in value is likely due to the increased attention on gun stocks and potential regulation on guns, background checks, and other regulations impacting the firearms industry.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Olin Corporation (OLN) has gained 184.6% since Joe Biden's election in 2020.
The article states that Olin Corporation (OLN) has gained 184.6% since Joe Biden's election in 2020. This gain in value is likely due to the increased attention on gun stocks and potential regulation on guns, background checks, and other regulations impacting the firearms industry.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Sturm, Ruger & Company (RGR) has gained 2.7% since Joe Biden's election in 2020.
The article states that Sturm, Ruger & Company (RGR) has gained 2.7% since Joe Biden's election in 2020. This gain in value is likely due to the increased attention on gun stocks and potential regulation on guns, background checks, and other regulations impacting the firearms industry.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 Global ETF Trust (SPY) has posted a return of 25.6% since the 2020 election.
The article states that the S&P 500 Global ETF Trust (SPY) has posted a return of 25.6% since the 2020 election. This return is the same as the overall return of a basket of six gun stocks, indicating that investing in the six gun stocks would have generated the same returns as the overall market.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Vista Outdoor (VSTO) has gained 37.6% since Joe Biden's election in 2020.
The article states that Vista Outdoor (VSTO) has gained 37.6% since Joe Biden's election in 2020. This gain in value is likely due to the increased attention on gun stocks and potential regulation on guns, background checks, and other regulations impacting the firearms industry.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100