“Everything you need to know about what gun and ammo makers face.”
Joe Biden won’t be inaugurated as president for almost two months, but investors would do well to use this time to consider the potential impact his policies would have on certain industries.
Firearms manufacturers are certainly in the crosshairs as both the Democrat’s campaign website and his stump speeches have specifically targeted the industry. So let’s see what a Biden presidency might mean for gunmakers and potential sales.
Industry observers dubbed former president Barack Obama the greatest gun salesman ever because sales soared during his administration due to fear he would enact strict gun control legislation. FBI criminal background checks more than doubled during his eight years in office, rising from 12.7 million in 2008 to over 27.5 million in 2016.
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By Rich Duprey