In anticipation of backlash from the events in Florida, the CEO of Blackrock gave an interview to CNBC stating he has changed his view of American stocks.
"Blackrock upgrades US stocks on stong earnings" (click here) The DOW just dropped 300 points because of Walmart. Just sayin'.
Demand divesting of gun stocks. It is my understanding Blackrock owns the most.
December 10, 2018
A number of big investors (click here) are hitting the bull's-eye on this year's big rally in gun stocks.
Nine investment firms, including BlackRock, Vanguard and London Company of Virginia, are currently top five holders of at least one of the three publicly traded stocks with the heaviest concentration on firearms. Altogether these nine investment firms, which have consistently owned shares of Smith & Wesson (SWHC), Sturm, Ruger (RGR) or Vista Outdoor (VSTO), have made more than $500 million this year on these investments, according to a USA TODAY analysis of data from S&P Capital IQ.
Shares of these gun stocks have enjoyed powerful rallies this year as consumers continue to stockpile weapons following a somewhat slower period of demand in 2014. Investors are betting consumers fearing tighter gun control could make obtaining weapons more difficult might speed up purchases. Shares of Smith & Wesson, Sturm, Ruger and Vista Outdoor, which makes guns and ammo, are up 129%, 63% and 24%, respectively this year....
