#7 - Axon Enterprise (NASDAQ:AAXN)
Axon Enterprise (NASDAQ:AAXN) is not a gun stock per se. The company is a manufacturer of Tasers, the weapons that fire electric shocks instead of bullets. Some customers who may be squeamish about owning a gun may not have the same objection about owning a Taser. In fact, Tasers can be an important self-defense weapon that carries less stigma (and fewer regulations) than conventional firearms.
But the company is also becoming a disruptive presence to law enforcement with the development of body scanners and dashboard cameras all of which the company is bundling into subscription-based software packages. By being budget friendly, the company has a predictable revenue stream and, for now, has a significant moat as other companies are not in this space yet.
Right now, AAXN stock is a bit of a contrarian play with crime in many areas being lower as more and more Americans are sheltering in place. But that could change for a number of reasons, and therefore AAXN looks to be a solid buy-and-hold play that should reward investors as the American economy reopens.
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- Current Price
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- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
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Fear is one of the primary drivers of buyer behavior. And so it is that many Americans are fearful of the unknown. There are many unanswered questions. And there is a growing fear that politics may trump (no pun intended) pragmatism in determining when the country will open up. This has created a 309% revenue increase on sites like Ammo.com. These sales, according to the site, are being fueled by coronavirus fears.
Or are they? Since 2017 firearms sales have moved higher every year. In 2019 alone, the FBI recorded an 8.3% increase in background checks than in 2018. This suggests that interest in gun and ammunition sales has been on the increase for quite some time.
Still, there does seem to be evidence that 2020 may be a great year for sales simply due to the coronavirus. According to Mark Oliva, director of public affairs for the National Shooting Sports
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