Something major in the firearm industry happened nearly a week ago that nobody is talking about…
A federal judge ruled California’s 32-year-old assault weapons ban unconstitutional, and said the state can no longer limit civilian access to weapons he considers “fairly ordinary and normal.”
It looks like the state of California has become a little more Second Amendment-friendly if you ask me.
If the ruling is appealed, the Supreme Court, having a 6-3 conservative majority, will most likely agree with the judge’s ruling.
This ruling is huge for firearm manufacturers and investors targeting gun stocks — especially when California holds roughly 13% of the U.S. population, making the state a major economic force. Heck, if California were a sovereign nation, it would be the fifth largest economy in the world!
That’s why I’m covering a few gun stocks for us to target for steady gains that could give our portfolios a nice little boost over the next quarter or so…
2 Gun Stocks to Target for Steady Gains
U.S. District Judge Roger Benitez of the Southern District of California said the guns under the state’s ban weren’t “extraordinary weapons lying at the outer limits of Second Amendment protection,” and that the banned assault weapons “aren’t bazookas or machineguns.”
So it only makes sense that the first gun stock to target on my list is American Outdoor Brands Inc. (Nasdaq: AOUT).
AOUT is an American manufacturer of outdoor sports and recreational goods that provides hunting, fishing, camping, shooting and personal security products to rugged outdoor enthusiasts.
The stock’s one-year return is 100.32%…
And I have a price target of $36 per share over the next 10 weeks, but that’s assuming the trend in the basic Materials sector stays strong and no negative news comes out for firearm stocks during this period.
I also want you to know that firearm stocks make great defensive plays during inflationary periods because their value tends to move with the rise and fall of metal prices.
So make sure you check out my short video on the top gun stocks to target so you can stay ahead of this trend. And feel free to share your thoughts about these tickers or any other ones you like in the comments section below.
Don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video!
P.S. Legendary trader Tom Busby just discovered something groundbreaking about the stock market…
He found a little-known pattern that occurs every Tuesday at 9:30 a.m. And traders who catch onto it could find themselves in the driver’s seat for the easiest four-day gains they’ve ever seen.
Tom kept this strategy to himself for a year…
But now that he’s been able to prove his theory on real-money trades with gains like 90% on RIOT and 122% on MRNA, he’s ready to go public with it.
And retail investors stand to benefit from this strategy the most!
