U.S. Supreme Court Declines To Block Illinois Ban On Assault-Type Rifles And Large Capacity Magazines
Portfolio Pulse from Benzinga Newsdesk
The U.S. Supreme Court has decided not to block an Illinois ban on assault-type rifles and large capacity magazines. This decision could have implications for companies involved in the manufacture and sale of firearms and related accessories.
December 14, 2023 | 7:01 pm
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NEGATIVE IMPACT
OLN, as a manufacturer of ammunition, could face a negative impact due to reduced demand for ammunition for assault-type rifles.
OLN could see a decrease in demand for certain types of ammunition, potentially affecting sales and stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
RGR, a firearms manufacturer, could potentially face a negative impact as the ban directly affects their product line.
As a manufacturer of firearms, RGR may experience a decrease in sales in Illinois, which could negatively affect its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SWBI, a firearm manufacturer, could see a negative impact as the ban may reduce demand for some of their products.
SWBI's product offerings include firearms that are directly affected by the ban, which could lead to lower sales in Illinois.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
VSTO, involved in outdoor sports and recreation products, may face a neutral to slightly negative impact due to the ban's potential effect on firearm accessory sales.
While VSTO's broader product range may buffer the impact, there could be a decrease in sales for accessories related to banned firearms.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
AXON, a company that may be indirectly affected by the ban, could see a neutral impact as its primary business is not focused on assault-type rifles or large capacity magazines.
AXON's main business is not directly related to the banned items, so the impact should be minimal or neutral.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
DGLY, known for its law enforcement technology, may experience a neutral impact as the ban does not directly affect its product offerings.
DGLY's products are not directly related to the firearms affected by the ban, suggesting a neutral impact.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
SPY, an ETF that tracks the S&P 500, may see minimal impact as the decision affects only a specific sector and not the broader market.
SPY's diversified holdings mean that the impact of the gun ban on the ETF will be diluted across many sectors.
CONFIDENCE 80
IMPORTANCE 10
RELEVANCE 10
NEUTRAL IMPACT
WRAP, focusing on non-lethal law enforcement technology, may see a neutral impact as the ban does not directly relate to its product line.
WRAP's non-lethal technology is not impacted by the ban on assault-type rifles, suggesting a neutral effect on the company.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30