Smith & Wesson Shares go through the roof

[mavs>spurs]

On fears of a Eurozone resolution, and possibly a slight economic recovery fueling an Obama reelection.

Even the markets think Obama wants to take away our guns.

[Agloco]

On fears of a Eurozone resolution, and possibly a slight economic recovery fueling an Obama reelection.

Even the markets think Obama wants to take away our guns.

What Eurozone resolution are we talking about here?

[mavs>spurs]

Leaders today unexpectedly agreed to help out some of the banks and the stock market went through the roof.

[mavs>spurs]

http://www.cnbc.com/id/48011828

Stocks Soar; Dow Posts Best June Since 1997
Published: Friday, 29 Jun 2012 | 4:31 PM ET Text Size
By: JeeYeon Park
CNBC.com Writer

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Stocks finished the final trading day of a weak second quarter with a huge bang as Wall Street cheered a surprise agreement by EU leaders to help the region's struggling banks.

Defying expectations for a "June swoon," the Dow logged its best June gain since 1997, while the S&P 500 and Nasdaq posted their strongest since 1999 and 2000, respectively.

“June is usually the second worst month for the market next to September, but this time was a bit of a fluke," said Art Cashin, director of floor operations at UBS Financial Services. (Read More: Four Good Reasons Not to Trust Today's Rally)

Still, all three major indexes posted significant losses for the quarter.

MAJOR U.S. INDEXES
Last 1 Week % Change MTD % Change QTD % Change YTD % Change
Dow 12880.09 1.89% 3.93% -2.51% 5.42%
NASDAQ 2935.05 1.47% 3.81% -5.06% 12.66%
S&P 500 1362.16 2.03% 3.96% -3.29% 8.31%
Russell 2000 798.50 3.01% 4.81% -3.83% 7.77%
CBOE VIX 17.04 -5.91% -29.18% 9.94% -27.18%
The Dow Jones Industrial Average surged more than 2 percent for the session, led by BofA [BAC 8.18 0.44 (+5.68%) ] and Cisco [CSCO 17.17 0.69 (+4.19%) ]. The S&P 500 and the Nasdaq also soared to post their best trading day in 2012.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, plunged more than 10 percent to close near 17, hitting a two-month low.

For the month, the Dow rallied 3.93 percent, the S&P jumped 3.96 percent, and the Nasdaq advanced 5.06 percent. BofA [BAC 8.18 0.44 (+5.68%) ] was the best performer on the Dow in June, while H-P [HPQ 20.11 0.75 (+3.87%) ] lagged.

Four S&P sectors are up more than 12 percent this year: Telecom, tech, consumer discretionary and health care.


RELATED LINKS
Gold as Safe as US Dollar?Cramer’s Earnings PlaybookPimco: Look at Mexico, BrazilFinding Footing in Financials
EU leaders at a summit in Brussels agreed that euro area rescue funds could be used to stabilize bond markets without forcing countries that comply with EU budget rules to adopt extra austerity measures or economic reforms.

The deal had followed Spain and Italy's earlier withholding of support for a growth package. European shares jumped to finish at a seven-week high following the deal announcement, but exact details of the agreement have yet to be worked out.

“It’s going to be very interesting when [Merkel] tries to sell this to the German people because this is a very unpopular decision on her part to compromise, but this is a breakthrough that we’ve been waiting for and it bodes very well for the markets,” said Michael Yoshikami, CEO and founder of Destination Wealth Management on CNBC's "Fast Money Halftime Report."

Apple [AAPL 584.00 14.95 (+2.63%) ] climbed after Pacific Crest raised its price target on the iPad maker to $690 from $630.

Among the few stocks in negative territory, Research In Motion [RIMM 7.39 -1.74 (-19.06%) ] tanked almost 20 percent after the embattled BlackBerry maker posted a wider-than-expected quarterly loss and added it would cut 5,000 jobs. Analysts were clearly disappointed—at least 18 brokerages lowered their price target on the Canadian company.




Nike [NKE 87.78 -9.11 (-9.4%) ] also tumbled after the sports-apparel retailer missed earnings expectations and as margins took a hit from costs and a restructuring charge. At least eight brokerages slashed their price target on the company.

And Ford Motors [F 9.59 -0.50 (-4.96%) ] dropped after the automaker said its international losses will likely triple in the second quarter, citing weakness in European sales. At least three brokerages cut their price target on the firm.

JPMorgan [JPM 35.73 -0.15 (-0.42%) ] ended slightly lower amid reports that regulators have stepped up scrutiny of the financial giant's internal controls, according to the Wall Street Journal.

Facebook [FB 31.095 -0.265 (-0.84%) ] slipped following a report that Twitter is seeing more success on its mobile advertising, according to the Wall Street Journal, and after Macquarie initiated coverage of the social-media giant with a "neutral" rating and a $35 price target.

IT management cloud service provider ServiceNow [NOW 24.60 6.60 (+36.67%) ] skyrocketed more than 30 percent in its market debut.


RELATED LINKS
EU Aid Deal Lifts Europe Shares to 7-Week HighGold Settles Above $1604 After EU Summit DealBrent Futures Spiked to Settle Near $98 on EU DealUS Bond Prices Fall as EU Summit Deal Eases BidEuro Soars on EU Deal; Investors Remain Cautious
Anheuser-Busch InBev [BUD 79.65 5.86 (+7.94%) ] completed the purchase of the half of Modelo that it didn’t already own in a deal valued around $20 billion.

Alson on the M&A front, Constellation Brands [STZ 27.06 5.30 (+24.36%) ] surged to lead the S&P 500 gainers after the company bought the remaining 50 percent of Crown Imports.

Results of the EU summit trumped a batch of tepid economic news. Consumer sentiment dipped to its lowest level this year, while consumer spending was flat in May for the first time in five months.

The pace of business activity in the Midwest edged up in June, according to the Institute for Supply Management-Chicago's business barometer.

“These reports are more of a psychological indicator that reflects the mood during the survey and doesn’t reflect the future,” said Dwight Johnston, chief economist at California Credit Union League.

Johnston says the economy may be “close to a bottom” and expects consumers to be more active, business spending to grow and hiring to ramp up going forward. He predicts growth of between 2.5 and 3 percent in the second half of the year, barring any overly negative news from the euro zone.

—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

On Tap Next Week:

MONDAY: ISM mfg index, construction spending, Wal-Mart 50th anniversary
TUESDAY: Factory orders, auto sales; NYSE early close
WEDNESDAY: INDEPENDENCE DAY - Bond, equity markets closed
THURSDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, ISM non-mfg index, oil inventories, chain-store sales
FRIDAY: Non-farm payrolls

[mavs>spurs]

http://www.abc15.com/dpp/news/national/smith--wesson-others-report-higher-earnings-as-presidential-politics-play-a-role-in-sales

"Cowen & Co. analyst Cai von Rumohr said that future sales are heavily dependent on presidential politics. In a research report, he said demand for firearms could slow down if Republican nominee Mitt Romney wins, "but it could remain strong if Obama wins as gun buyers may fear tighter gun controls in his second term."

[Clipper Nation]

:lol Dumb redneck neocons

Mittens is at least as strict on guns as Obama if not more... just check his D- grade from GOA or his record in Massachusetts....

[mavs>spurs]

plenty of liberals and foreigners in the stock market brah, seems that the entire world market feels that obama is a threat to gun rights

[Clipper Nation]

I agree with them... but the idea of Mittens not being an equal threat is flat-out wrong...

[mavs>spurs]

:lol that's why i'm not voting in november OCCUPY THE POLLS

[baseline bum]

God, guns and ammo went fucking nuts in 08 and 09 on Obama paranoia.

[mavs>spurs]

just be glad fast and furious got botched lol, that was the plan to demonize gun ownership and further the agenda

[ElNono]

They're probably arming themselves in case somebody decides to take circumcision away from them...

[mavs>spurs]

brb exercising my 2nd amendment

brb not sexually assaulting infants

[Wild Cobra]

On fears of a Eurozone resolution, and possibly a slight economic recovery fueling an Obama reelection.

Even the markets think Obama wants to take away our guns.
Yep.

Take them away from us, and give them to his Chicago gangster buddies.

[mercos]

This gun taking paranoia is hilarious. As soon as Obama got elected the sale of ammo went through the roof. There is a picture of the president in every gun shop as "Salesman of the Year". We are into Obama's fourth year as president, and he has passed no major gun legislation. If tighter gun laws were not passed after Gabbie Giffords got shot, they are not going to be anytime soon.

[baseline bum]

This gun taking paranoia is hilarious. As soon as Obama got elected the sale of ammo went through the roof. There is a picture of the president in every gun shop as "Salesman of the Year". We are into Obama's fourth year as president, and he has passed no major gun legislation. If tighter gun laws were not passed after Gabbie Giffords got shot, they are not going to be anytime soon.

He had a filibuster-proof congress and didn't go after guns. He's not going to do anything. It's an enormous political loser for him.

[Th'Pusher]

He had a filibuster-proof congress and didn't go after guns. He's not going to do anything. It's an enormous political loser for him.

True. But thats not going to prevent the uneducated morons from clinging to their guns and their religion. It'd be funny if it wasn't so fucking true.

[mavs>spurs]

if obama was going to do something terribly unpopular, he wouldn't do it in the first term guys :lol

try to think about it logically

[Th'Pusher]

if obama was going to do something terribly unpopular, he wouldn't do it in the first term guys :lol

try to think about it logically

Obamacare says hi.

[mavs>spurs]

obama got a big boost of support and donations after that ruling, dude, where have you been? the only people who were against it were already against him in the first place. this only rallied his support amongst the minorities who think that obama is doing great things to help them :lol

[ElNono]

He sure as heck isn't doing anything with guns with a GOP controlled house... he just doesn't have the votes...

[mavs>spurs]

just like when the dems got in they were going to end all the wars :lol

the day people wake up and realize that political parties are all a sham, they both carry out the agendas of the puppetmasters will be a glorious day for mankind.

[ElNono]

just like when the dems got in they were going to end all the wars :lol

the day people wake up and realize that political parties are all a sham, they both carry out the agendas of the puppetmasters will be a glorious day for mankind.

the puppermasters want guns... otherwise, there would be no guns right now...

[mavs>spurs]

that's not true. we're not to the point where they could actually take our guns away from us without a civil war. they have to condition people first that guns are bad, that's what fast and furious was designed to do before they botched it and got busted.

[SnakeBoy]

On fears of a Eurozone resolution, and possibly a slight economic recovery fueling an Obama reelection.

Even the markets think Obama wants to take away our guns.

LOL what a bogus analysis. They annouced earnings yesterday, beating estimates by 10 cents, and got a 20% bounce on 4x avg volume. Big deal, the price will drop back down in a week or two.

[mavs>spurs]

LOL what a bogus analysis. They annouced earnings yesterday, beating estimates by 10 cents, and got a 20% bounce on 4x avg volume. Big deal, the price will drop back down in a week or two.

hey dumbass tell me..what do you think it is fueling those impressive earnings? this will put it into perspective..since you were too retarded to read the analyst take i posted earlier in the thread which supports my assessment:

http://beta.fool.com/erinannie/2012/03/23/buy-gun-stocks-when-democrat-office/3089/

[mavs>spurs]

fucking retard learn to read bitch bitch before you go criticizing my takes

http://www.washingtontimes.com/news/2012/apr/19/gun-sales-skyrocket-during-recession/print/


Gun industry’s economic impact skyrockets during Obama years

The economic impact of the firearms industry is up 66 percent since the beginning of the Great Recession, providing an unexpected shot in the arm for the economy, according to a new study.

The National Shooting Sports Foundation says the economic impact of firearm sales — a figure that includes jobs. taxes and sales — hit $31 billion in 2011, up from $19 billion in 2008.

Jobs in the firearms business jumped 30 percent from 2008 to 2011, when the industry employed 98,750.

The industry paid $2.5 billion in federal taxes in 2011, up 66 percent in three years.

"Ours is an industry with a rich history and heritage that remains vital and important to the American economy today," NSSF Senior Vice President Lawrence G. Keane said in a statement. "To millions of Americans our industry's products represent liberty, security and recreation."

Some in the industry attribute the jump in sales to fears the Obama administration will tighten gun control laws in a possible second term.

"There's a concern that in the second term the Obama administration would lead an attempt to restrict gun ownership," Mr. Keane said.

That concern, known in the industry as "the Obama factor," has led many gun owners to purchase now in hopes of avoiding more restrictions and regulations later.

"Some people jokingly refer to [President Obama] as the salesman of the year for the industry," Mr. Keane said.

Mr. Keane said the president doesn't deserve all the credit for the sales growth.

He said more young people and women are getting into gun ownership.

"You cannot attribute all the increase simply to the Obama factor," he said. "It's a factor, it's an important factor, but it's not the only reason."

Although there is no single indicator that tracks the number of firearms sold in the country, the FBI reported that a record 14.4 million criminal background checks were requested for gun purchases in 2010, and that preliminary numbers project the figure to be above 16 million for 2011.

According to the NSSF's numbers, requests for gun-related background checks was up some 17.3 percent for the month of January 2012 compared to the same period a year earlier — the 20th straight monthly increase in background check requests.

FBI officials say that just over 1 percent of such background checks result in denials, and not every background check results in a final gun purchase. But the numbers are widely considered a reliable proxy for gun sales trends generally.

[ElNono]

that's not true. we're not to the point where they could actually take our guns away from us without a civil war. they have to condition people first that guns are bad, that's what fast and furious was designed to do before they botched it and got busted.

Same people that elected a largely Republican House ensuring no such restriction comes to pass?

Plus there's legal precedent on the SCOTUS too... guns are not going anywhere...

[SnakeBoy]

fucking retard learn to read bitch bitch before you go criticizing my takes

http://www.washingtontimes.com/news/2012/apr/19/gun-sales-skyrocket-during-recession/print/

:lol damn you get butthurt when somebody doesn't agree with you.

Okay you're right SWHC shares have surged back to where they were in april because of fear of Obama.

In '07 the stock was up to $21, now it's "surged" to $8 and change. Yeah your article must be right and Smith & Wesson must love the "Obama factor".

[mavs>spurs]

it's more like you're ultra asshurt and developing a habit of following me around

fuck off i'm done with you

[SnakeBoy]

it's more like you're ultra asshurt and developing a habit of following me around

fuck off i'm done with you

I don't even know who you are, paranoid much? Okay I made a smartass comment to you in another thread but don't take it personal, I do it fairly often but they're not intended to be personally hurtfull to the poster. Most of the time I don't even pay attention to who the poster is. I'm sorry I hurt your feelings.

So back to your terrible analysis of why SWHC shares jumped 20% today.

So you are saying that this news from June 29th which you posted...


Wall Street cheered a surprise agreement by EU leaders to help the region's struggling banks.

Has helped sparked fears of an Obama reelection which in turn allowed SWHC have better revenue during Q2 of this year even though the news just occurred.

Is that your take?

[baseline bum]

if obama was going to do something terribly unpopular, he wouldn't do it in the first term guys :lol

try to think about it logically

So he drops a big fuck you to the party like LBJ did for Humphrey?

[mercos]

What is funny to me is that gun enthusiasts think their guns matter at all, as if they need them just in case the gubmint gets out of hand and they have to start a revolution. News flash, Uncle Sam is not threatened by your 12 gauge shotgun. The little gun collection in your shed is not going to do much good against an F-22 Raptor. The second amendment is not going to be challenged because it doesn't matter. The only threat with loose gun laws is to other civilians.

[mavs>spurs]

What is funny to me is that gun enthusiasts think their guns matter at all, as if they need them just in case the gubmint gets out of hand and they have to start a revolution. News flash, Uncle Sam is not threatened by your 12 gauge shotgun. The little gun collection in your shed is not going to do much good against an F-22 Raptor. The second amendment is not going to be challenged because it doesn't matter. The only threat with loose gun laws is to other civilians.

cool, and if the govt starts aerial bombing it's own citizens russia, china, and others will step in and impose a no fly zone on humanitarian grounds while we fuck shit up on the ground :rollin

[mavs>spurs]

What is funny to me is that gun enthusiasts think their guns matter at all, as if they need them just in case the gubmint gets out of hand and they have to start a revolution. News flash, Uncle Sam is not threatened by your 12 gauge shotgun. The little gun collection in your shed is not going to do much good against an F-22 Raptor. The second amendment is not going to be challenged because it doesn't matter. The only threat with loose gun laws is to other civilians.

cool, and if the govt starts aerial bombing it's own citizens russia, china, and others will step in and impose a no fly zone on humanitarian grounds while we fuck shit up on the ground :rollin

[Wild Cobra]

He had a filibuster-proof congress and didn't go after guns. He's not going to do anything. It's an enormous political loser for him.
Yep, if he cracked down on legal gun sales, he wouldn't be able to furnish them to his gangster buddies from Chicago, to make the big bux in Mexico.

[mercos]

cool, and if the govt starts aerial bombing it's own citizens russia, china, and others will step in and impose a no fly zone on humanitarian grounds while we fuck shit up on the ground :rollin


Like they are doing in Syria?

[mavs>spurs]

why would they impose one in syria? they are accusing us of sending in al qaeda to destabilize, they are calling for us to stop