The Election Is a Bull's-Eye for Gun Makers [VIDEO]

By DailyFinance  NOV 09, 2012 9:55 AM

In other market news, analysts say Apple may have further to drop.

 


The Dow (INDEXDJX:.DJI) slid another 121 points yesterday, the S&P 500 (INDEXSP:.INX) lost 17, and the Nasdaq (INDEXNASDAQ:.IXIC) fell 41. Wilshire Associates says the two-day sell-off totals $600 billion dollars in lost market value.

Walt Disney (NYSE:DIS) could put more pressure on blue chip stocks today. It posted a 14% increase in earnings on continued growth at its theme parks and at ESPN. However, revenue came in a bit lighter than expected and the company warns that ad sales are trending down.

Gun makers Smith & Wesson (NASDAQ:SWHC) and Sturm Ruger (NYSE:RGR) have jumped in the two days following the election on fear that the new Obama administration will impose gun purchase restrictions. Of course, those stocks also jumped four year ago, but no new regulations were ever proposed. 

Apple (NASDAQ:AAPL) shares slid another $20 yesterday, partly on concerns that the company’s suppliers can’t keep up with demand for the iPhone 5.

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