After Mass Shootings, Some on Wall St. See Gold in Gun Makers

January 7, 2016 12:17 AM

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After Mass Shootings, Some on Wall St. See Gold in Gun Makers

In the days after the Paris terrorist attacks last November, world leaders denounced the shooting massacres. On Wall Street, the money manager Louis Navellier saw a buying opportunity.

Shares of the two leading gun manufacturers, Smith & Wesson and Sturm, Ruger & Company, popped onto Mr. Navellier’s computer screen. Their stock prices were rising as a result of strong sales. He began accumulating positions in both companies.

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