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Guns and ammo stocks surge to eclipse ‘stay-at-home’ darlings

Tags: social tech web
DATE POSTED:June 30, 2020

‘Stay-at-home’ stocks like Netflix and Zoom thrived in the first half of 2020. But as Black Lives Matter protests swept across the US in June, a very different kind of company surged: guns and ammo stocks. Not only have US-listed guns and ammo stocks outperformed the world’s biggest tech companies this year, but they’ve even eclipsed companies that benefitted most from the world’s transition into remote work and education. [Read: No, THIS is how much $10K worth of dot-com bubble stock is worth today] In fact, when the S&P 500 (SPX) index, a popular benchmark for the wider US market, fell…

This story continues at The Next Web
Tags: social tech web