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Election leads to run on gun stocks
The election is finally over. It's not a huge surprise that so-called Obama stocks in health care (particularly hospitals) are rallying while stocks that might have fared better under Mitt Romney, such as coal companies and banks, are tanking. But there is a rally in one small sector Wednesday that may seem counter-intuitive at first: guns and ammo. Firearms manufacturers Smith & Wesson (SWHC) and Sturm, Ruger (RGR) both popped Wednesday morning. Shares of hunting goods retailers Cabela's (CAB) and Big 5 Sporting Goods (BGFV) were also higher. The reasoning? Traders on StockTwits are citing continued fears that ... (full story)