If you’ve been with me for the long haul, then you should remember me mentioning rising firearm stocks last year, and that gun sales were going through the roof…
And that the trend would continue heating up into 2021… or maybe even further.
Well, I happened to scan the NICS Firearm Check database last week. To those who don’t know what this is, it’s a database that shows the number of background checks for guns all the way back to 1998… and it’s public!
Let’s just say I liked what I saw…
The numbers are nothing short of alarming. In the U.S., 40 million Americans got background checks in 2020. To give you a little bit of a perspective, the average number of background checks for each of the three preceding years were roughly 24 million to 25 million.
And it doesn’t look like it’s slowing down either.
The number of people who want to get guns is skyrocketing. I just finished reviewing the quarter, and already we’ve seen roughly 12.5 million people apply for the National Instant Criminal Background Check System (NICS). And if the trend continues, we’re going to end the year with close to 50 million Americans.
I’m already seeing a few names profiting from this trend. So today I’m giving you my favorite rising firearm stocks…
The first rising firearm stock on my list is Ammo Munitions Inc. (Nasdaq: POWW). What an original name, right?!
Ammo designs, develops, manufactures, markets and sells ammunition and ammunition-related component products.
The one-year return on the stock is 337-plus percent. And given the increase in gun sales lately, it makes perfect sense that there’s also an increase in demand for ammo. I mean, you can’t use one without the other.
Ammo technically took a pause in the trend, but it’s now crossing its 50-day moving average and I see a price target of about $9 per share over the next six to seven weeks, assuming momentum levels persist.
So are gun sales rising faster than a speeding bullet? Check out today’s video and let’s talk about which rising firearm stocks you should think about targeting next. And feel free to leave your thoughts on them or any other fire-arm related stocks you’re watching in the comments section.
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P.S. Very few people know this but Wall Street has been telling everyday folks outright lies for decades…
Never giving away the real edge they have over everyone else… or revealing how they’ve beaten the stock market year after year.
But I’m finally exposing the truth…
I’m revealing one trading strategy that I’ve been using to beat Wall Street for nearly 10 years straight, and how everyday traders can turn their tricks against them.
And it’s all tied back to these hidden “14-day windows” where certain stocks tend to explode….