#7 - Smith & Wesson (NASDAQ:SWBI)
At the risk of depressing the audience, I would be remiss to not include a gun stock on this list. And with a gain of nearly 175% for the year, Smith & Wesson (NASDAQ:SWBI) fits the bill nicely.
Security has now moved beyond home security systems. Consumers, particularly those in major metropolitan cities, are paying attention to their personal security like never before. Ironically, this is no longer a partisan issue. It’s a safety issue.
What was once a category that was seen as a “Republican issue” that centered on a perceived lack of access has now become a personal safety issue. According to the Brookings Institute nearly three million more firearms have been purchased in the three months ending in June. And half of that increase was in June.
Not surprisingly SWBI stock is up nearly 175% for the year with virtually all of that gain occurring from the start of June until the present day. And while both Democrats and Republicans are purchasing guns, you can expect that the sector will receive increased attention as November draws closer.
About Smith & Wesson Brands
Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.
More about Smith & Wesson Brands- Current Price
- $9.37
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.75 (36.1% Upside)
There is a difference between trading and investing. Making trades can be exciting and fun. You just have to be right a lot more than you’re wrong. Investing is a bit more boring, but it can help you stay calm during volatile times like the kind investors experience in every election year.
While its true elections have consequences, one of those consequences doesn’t have to be a drop in your portfolio. There are many stocks that are unaffected by the outcome of an election. Many of these are blue-chip stocks that offer investors a dividend in exchange for growth.
But there are some stocks that are poised for growth no matter which party occupies the White House. And those are the stocks to get in on now. Some of these stocks are having good years. Others are plodding along. However, all of these stocks look poised for growth no matter what the outcome of the election is.
And that means you can enjoy whatever this holiday season brings without trying to read the tea leaves of a new administration.
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