U.S. Supreme Court Grants Biden Administration Request To Enforce 'Ghost Gun' Restriction Against Two Texas Manufacturers
Portfolio Pulse from Benzinga Newsdesk
The U.S. Supreme Court has granted a request from the Biden administration to enforce restrictions on 'ghost guns' against two Texas manufacturers. This could potentially impact the firearms industry.
October 16, 2023 | 8:27 pm
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NEUTRAL IMPACT
SPY, the S&P 500 ETF, may face indirect impacts due to the enforcement of 'ghost gun' restrictions.
As an ETF that tracks the S&P 500, SPY could potentially face indirect impacts if the enforcement of 'ghost gun' restrictions leads to a decrease in the stock prices of firearms manufacturers.
CONFIDENCE 50
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
OLN Corp, a manufacturer of ammunition, may face indirect impacts due to the enforcement of 'ghost gun' restrictions.
As a manufacturer of ammunition, OLN Corp could potentially face a decrease in demand if the enforcement of 'ghost gun' restrictions leads to a decrease in the production of firearms.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Sturm, Ruger & Co., a firearms manufacturer, may face direct impacts due to the enforcement of 'ghost gun' restrictions.
As a firearms manufacturer, Sturm, Ruger & Co. could potentially face a decrease in production and sales if the enforcement of 'ghost gun' restrictions leads to a decrease in the production of firearms.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Smith & Wesson Brands, a firearms manufacturer, may face direct impacts due to the enforcement of 'ghost gun' restrictions.
As a firearms manufacturer, Smith & Wesson Brands could potentially face a decrease in production and sales if the enforcement of 'ghost gun' restrictions leads to a decrease in the production of firearms.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Vista Outdoor, a manufacturer of outdoor sports and recreation products, may face indirect impacts due to the enforcement of 'ghost gun' restrictions.
As a manufacturer of outdoor sports and recreation products, Vista Outdoor could potentially face a decrease in demand if the enforcement of 'ghost gun' restrictions leads to a decrease in the production of firearms.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50