Cisco (CSCO) dips on seventh straight quarterly sales decline >>> READ MORE

10 Stocks to Buy for Donald Trump’s Second Wind

A number of popular Trump plays have no more juice left. But these 10 stocks should keep powering higher in 2017.

      View All  

Best Stocks to Buy Under Trump: Sturm, Ruger (RGR)

The Second Amendment and gun owners’ rights have been a hot-button issue lately. But the sad reality is that mass shootings at schools and shopping malls haven’t stopped gun sales and won’t in 2017, either.

A pending Supreme Court nomination and a GOP-controlled Congress all but ensures a lack of gun control measures and easier regulations on the sale of firearms in the next few years. Gun manufacturers are in line to benefit as a result, and Sturm Ruger & Company Inc (NYSE:RGR) is perhaps your best opportunity to play this trend.

RGR stock fell off a cliff in November after the election of President Trump. Many investors saw Sturm Ruger reported “stronger than normal” sales in the summer during the run-up to the vote and figured that all the demand had been sated. However, anyone who has tried to bet on a peak in gun sales has been proven quite wrong many times in recent years.

Furthermore, shares have already rebounded 10% from their November lows, showing that the brief bottom is behind RGR and that share should move higher and not lower in the short-term.

If you have considered gun stocks a no-brainer trade but been afraid to chase them as shares ran up sharply across early 2016, now is your chance to buy in on the dip.

Next Page

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC