Stocks are higher as optimism surrounding the fiscal cliff negotiations continues to spur buying.
Shares of the gun maker trade higher on the announcement of a payout of $4.50 a share -- timed to avoid the dividend tax increase likely kicking in next year.
In a repeat of 2008, traders anticipated an increase in firearm sales after the election.
| Tags: | Kim PetersonRGRSWHC |
Shares of Smith & Wesson and Sturm Ruger fell after an analyst report Wednesday, but overall gun sales remain higher for year.
Research In Motion is initiated with an 'equal weight,' and Agrium is initiated with an 'overweight.'
Firearm stocks are outperforming the market since the shooting, while movie chains are suffering.
Agricultural plays and gun makers are performing exceptionally well right now.
With gun sales booming, Sturm Ruger and Smith & Wesson pack a punch.
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