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Stock Market & Financial Investment News

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June 3, 2014
06:06 EDTRGR, SPWH, SWHC, CAB, DKSFirearms background checks improved in May, says Wells Fargo
Wells Fargo says adjusted firearms background checks for the month of May improved to down 10% year-over-year, versus the down 17% decrease in April, according to data from the National Shooting Sports Foundation. Background checks decreased down 11%, better than the historical decrease of down 13%, Wells added. The firm sees the improvement as positive for Cabela's (CAB), Sportsman's Warehouse (SPWH), and to a lesser extent, Dick's Sporting Goods (DKS). Gun makers include Smith & Wesson (SWHC) and Sturm, Ruger (RGR).
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