America has spoken, and it's President Obama in the White House for a second term. And while most of the smart money already was betting on an Obama reelection, about half of the country was hoping for a different result. That other half feels strongly that the country is headed in the wrong direction, and many of them have expressed that via there buying habits.
One sector that I wrote about back in September that experienced some heavy buying in the first trading session after the president's victory is firearms. The two publicly traded gun makers, Smith & Wesson Holding Co. (NASDAQ: SWHC) and Sturm, Ruger & Co. (NYSE: RGR), each surged in Wednesday trade, with SWHC vaulting 9.6% and RGR leaping 6.8%.
There is a fear out there that now that President Obama has captured a second term, the Second Amendment will be under assault. That fear has driven gun sales to record levels this year, and those sales have exploded SWHC shares, up 136% year to date, while RGR shares are up some 43% so far in 2012.