RGR: Sturm, Ruger (RGR +3.7%), Cabelas (CAB +5.6%),…


12:46 PM Sturm, Ruger (RGR +3.7%), Cabelas (CAB +5.6%), and Smith & Wesson (SWHC +2.6%) trade higher after President Obama signs 23 executive orders on gun control limits which come in addition to the laws the administration is pushing Congress to pass. While there is little question the companies will post stellar earnings in Q1, the debate focuses now on how long the demand rush will last or what will be the whipsaw action if the NRA helps blocks some of the pending legislation. Read comments

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