Gun Stocks Skyrocket After Obama Win

Katie Pavlich

11/8/2012 11:46:00 AM - Katie Pavlich

The first four years of the Obama administration were extremely lucrative for the gun industry and with Obama's reelection Tuesday, gun stocks have skyrocketed.

Even as the broader markets fell sharply, the re-election of President Barack Obama sparked a rally for shares of two major firearms companies Wednesday. Smith & Wesson Holdings (US:SWHC) was up 8% while Sturm Ruger & Co. (US:RGR) gained 6%. The jumps mirrored a similar surge in 2008 and 2009 when fears - later proven to be unfounded - of new regulations on gun ownership generated brisk sales.

President Obama has been credited with being the "best gun salesman in America" and for good reason.

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