2:10 PM The FBI reports it conducted a record number of background checks for consumers wishing to purchase a firearm in December as the number of checks almost hit 2.8M for the month. While the demand surge is positive for Sturm Ruger (RGR +0.1%), Smith & Wesson (SWHC +1.8%), and Cabela’s (CAB +1.9%) – KeyBanc is out with a note warning that the current high level of demand for guns is unsustainable over the course of the year. (Read the comments on this)
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