Are These Gun Stocks Obama-Proof?
On Wednesday, President Barack Obama and Vice President Joe Biden rolled out a wide-ranging list of executive actions regarding gun control. The event took place at the White House with an audience that included children from across the country.
In addition to the executive actions, Obama called on Congress to: ban military-style assault weapons, ban capacities of more than 10 rounds, require background checks on all gun sales and create tougher penalties for those selling guns to people who are not legally allowed to have them.
Obama said, “We can’t put this off any longer. This will not happen unless the American people demand it.” He also vowed to use “whatever weight this office holds.”
Despite the moves made by the Obama Administration, investors were pleased with the news. Gun-related stocks rallied across the board…