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Can Investors Gain from Rising Gun Sales?

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  • Description

    FBN’s Charles Payne on the outlook for gun stocks.

  • Duration 2:16
  • Date

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This transcript is automatically generated

The Dow down 33 points which -- is back.

He's gonna tell us had to make some money and we were talking about these guns stocks in the last hour but men don't fun and it's not.

They they really are you know you got to two things here obviously you've got this sort of social impact of this debate that I think the the guy who runs the money for New York State says he's not gonna invest in these kind of stocks anymore.

So probably they'll make a -- send list if you will the job you know and and by the same token there's no denying -- -- -- just absolutely amazing for them right now.

And the big question as an investor is okay you have these socks and a pullback -- is the -- again yet -- a big today since the president spoke I think in part to.

Probably some sort of realization that a lot of things that you like to get through probably won't go through it -- but also do you think about this and I I thought about it OK let's say 40% -- -- Are done privately without any background checks and that's a and that becomes part of -- law.

That actually will probably help these guys to a certain degree sir I let out some elected to balance was a retailer and already -- background -- You know I think I think nothing's gonna backfire on the president because people who are at home see it -- think it themselves.

And -- It'll probably never thought about it before our thinking you know what I'm gonna wipe my rights just in case this shows just have won this thing just yet I think you can have people -- In this the greatest center accountable mom as far as the district could be a Wal-Mart one or better -- players on in this Cabela's which is a stock that we've been -- out of a lot on my service.

And this from Ruger is it's up like four and a half percent since a president starts speaking Smith & -- obviously and we all know sort of a household name.

But the other part of this as an investor from a longer period of time you know forget about the near term I think you can get a -- here.

But let's say you want to buy and hold the -- for the next couple years these comparisons are going to be tough because to your point Tracy.

People who normally wouldn't have thought about this have a sense of urgency in the background checks -- through the roof the membership for the NRA -- going nuts I mean this whole thing.

Has actually been an amazing amazing thing for everyone associated with selling guns.

So comparison to hear from now if you -- little false going to be -- you gotta be real hard to be what's happening right now but.

These thoughts oversold this huge short positions on both of them you probably could see another ten to 15% move on them to the upside -- -- was looking to be a trader with.

Interest things house -- -- thank you there will it is our.

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