Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated. ———-
Law-and-order issues raised in this year’s U.S. presidential election have bolstered shares of gun and ammunition makers. Smith & Wesson Brands Inc., which spun off an outdoor-gear unit in August, more than doubled for the year through Friday. So did Vista Outdoor Inc., a supplier of ammo and other gun-related products. Sturm Ruger Inc. rose 42%, including a gain after reporting third-quarter results last week. Sales at Sturm Ruger rose last quarter by 53%, the most in 11 years. CEO Christopher Killoy said demand was stoked by civil unrest and calls to defund the police, along with the coronavirus pandemic. ———
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets