Commodity Channel Index
|Bid||10.98 x 2200|
|Ask||11.15 x 3000|
|Day's Range||10.54 - 11.21|
|52 Week Range||8.76 - 22.03|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||0.80 (7.58%)|
|Ex-Dividend Date||May 08, 2020|
|1y Target Est||14.07|
[Editor's Note: This article was updated on June 19, 2020, to include the most up-to-date information.]A largely ignored market segment, gun stocks to buy have soared in both interest and demand. With fear, chaos and overall uncertainty about the future representing the dark side of the new normal, people have gravitated toward firearms, mainly for self-defense reasons. However, this nationwide surge in gun sales is unlike anything we've ever seen.According to the FBI's database, gun dealers submitted over three million firearm background checks in May. This generally corresponds to the total number of guns sold in the month, although keep in mind that federal law does not require private sellers to initiate such checks. Even so, retail sales of firearms from January through May is staggering at over 15.2 million units.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo put this figure into perspective, in all of 2009, Americans bought just over 14 million firearms. And that was when former President Barack Obama took over the White House. Thus, the case for gun stocks to buy is very much a bankable phenomenon. Click to EnlargeSource: Chart by Josh Enomoto In my view, this record-breaking firearm demand can be broken down into four waves. First, Asian Americans fearful of racist scapegoating began stockpiling guns en masse. This contributed to an unbelievable 3.74 million guns sold in March.Second, economic fears as the job market collapsed drove sentiment toward gun stocks. It's not unreasonable to believe that lack of viable opportunities causes crimes of desperation. Third, the present social unrest, especially calls for defunding the police - or in some cases, abolishing law enforcement altogether - have created extreme fear among ordinary citizens.And the fourth wave? Possible political changes, which will further incentivize these seven gun stocks to buy: * Smith & Wesson Brands (NASDAQ:SWBI) * Sturm Ruger (NYSE:RGR) * Vista Outdoor (NYSE:VSTO) * Olin Corporation (NYSE:OLN) * Sportsman's Warehouse (NASDAQ:SPWH) * Axon Enterprise (NASDAQ:AAXN) * Big 5 Sporting Goods (NASDAQ:BGFV)From a purely observational standpoint, I find it difficult to believe that President Donald Trump will win reelection. Although polls at this stage of the game should be taken with a huge grain of salt, they indicate the tremendous discontent that Americans have toward the administration. Thus, another wave, a blue one, could come crashing down in November. * 10 Robotics Stocks on the Technological Cutting Edge And you know what conservatives say about Democrats - they're here to take your guns! Before they do, here are seven gun stocks to buy. Smith & Wesson Brands (SWBI)Source: charnsitr/Shutterstock.com Formerly known as American Outdoor Brands Corporation, Smith & Wesson Brands finally got its identity back. As part of a previously announced spinoff, American Outdoor will focus on its namesake outdoor sports industry. On the other hand, Smith & Wesson can only ply its trade as one of this country's favorite firearms manufacturers.From the get-go, SWBI stock has an air of notoriety about it. Given the progressive nature of modern America, Smith & Wesson admittedly is a bit of relic. You're probably not going to find too many of its employees sipping soy lattes.Beyond that, American Outdoor is an organization that has fundamentally thrived during the coronavirus pandemic. Although I've been very critical about President Trump's handling of this crisis, I will give the Commander-in-Chief credit for declaring gun shops essential. Since law enforcement are already under tremendous stress, the ability for law-abiding citizens to protect themselves became even more crucial, thereby bolstering gun stocks.Another factor bolstering AOBC stock is the underlying product portfolio. The company has comprehensive solutions for all your home-defense needs, ranging from subcompact pistols to the much-maligned, but very effective AR-15 rifle.Since you asked, my personal favorite is the Model S&W500. As the most powerful production revolver in the world, it truly packs a wallop. Firing one of these is like unleashing Satan from the gates of perdition. You don't even have to use it for it to be an effective self-defense tool. No one is going to mess with you if you're carrying this beast. Sturm Ruger (RGR)Source: Shutterstock Like other gun stocks, Sturm Ruger found itself behind the eight-ball in the early stages of the pandemic. For most folks, their priorities are securing food, water, and essentials. Invariably, though, if the crisis worsened, a household would have to protect themselves and their vital supplies. Therefore, RGR stock soon found incredible momentum.Further, I don't think this momentum will die down anytime soon. Sure, like anything, you don't expect gun stocks to perpetually move higher. But with nationwide protests sometimes spilling over into open conflict, along with the specter of a Democratic takeover, RGR has frankly never looked better.As I mentioned near the top, much of the firearms sales has to do with specific communities wishing to protect themselves. However, another catalyst is the economy. Should it continue to worsen for Main Street, prospective gun buyers see every incentive to secure their purchase. With more than 44 million Americans filing for unemployment benefits since the pandemic started, you must assume that desperation will rise.When that happens, violence is inevitable. As I said, the case for RGR stock has arguably never been stronger. * 25 Stocks to Buy for the Reopening Rally Additionally, Ruger has a reputation for rugged, reliable firearms. For first timers, this is a solid brand to consider, likely inspiring a surge in sales. Vista Outdoor (VSTO)Source: Shutterstock Pure-play gun stocks have always been a rare breed. With Vista Outdoor selling its Savage Arms and Stevens firearms brand in the summer of 2019, this distinction became rarer. Unfortunately, the timing was terrible. Again, with desperate customers - many of them first-time buyers who don't know any better - any firearm is a good firearm.Still, I wouldn't dismiss VSTO stock outright. Despite the poor timing - and really, who could have guessed that we would suffer a paradigm-shattering pandemic - Vista Outdoor still owns its ammunition brands. If you think about it, this business is equally as important. After all, if intimidation fails to stop an intruder, you want something to back up your warnings.You know what? Usually, gun owners think well ahead of time. Thus, during the start of the crisis, possibly millions of firearm advocates made a run for ammunition, leading to shortages. Although this situation initially calmed down, the recent spike of social unrest has again catalyzed panic-buying.As well, we could have a second wave of coronavirus, leading to another run on firearms and ammo. Thus, while VSTO stock isn't among investors' first choice for gun stocks, it could still be incredibly relevant. Olin Corporation (OLN)Source: IgorGolovniov / Shutterstock.com As a global manufacturer and distributor of chemical products, let's just say that Olin Corporation doesn't exactly rank highly on the sexiness chart. However, an unparalleled explosion in firearms sales may change this narrative. In addition to chlor alkali products and epoxy technology, OLN stock is levered to the ammunition industry, thanks to Olin's Winchester brand.Typically, if you visit your local gun range, you'll more than likely end up shooting "practice" rounds. Comparatively, these are rounds that are designed for high-volume usage, what shooters call "plinking." While Winchester offers products for such purposes, the company specializes in purpose-built ammo. As you might guess, these are much more expensive than your plinking ammo.However, due to the extreme demand for self-defense, no one cares about price. Instead, people just want to purchase whatever ammo they can get their hands on. As the Washington Examiner reported, shortages have hit both firearms and ammunition in certain parts of the country. While that stinks for consumers, it's a big plus for OLN stock. * 10 Cheap Stocks to Buy Under $10 Currently, shares have come down from their April peaks. However, for the speculator, Olin could still represent good value among gun stocks. Again, should a second wave hit, the company is well positioned. Also, with the base of gun owners having increased conspicuously, these newbies will need to train. Therefore, Olin has a credible long-term narrative. Sportsman's Warehouse (SPWH)Source: OpturaDesign/Shutterstock.com For newcomers to the firearms industry, I imagine that visiting a gun store for the first time is much like visiting a gentlemen's club. On one hand, you're fascinated with this industry, if only for its "bad boy" image. On the other hand, you can't help but feel a little icky.Fortunately, we have retailers like Sportsman's Warehouse. To me, I find that it's just like shopping at any big-box retailer. The exception, of course, is that you're shopping for AR-15s and not, say, 10 gallons of mayonnaise. Personally, I find this familiarity will help ease uncomfortable first timers, which bolsters the case for SPWH stock.Beyond that, Sportsman's Warehouse stores typically have very large footprints. With lines out the door during the early stages of the pandemic, it has been difficult for firearms retailers to maintain social distancing. And that's still the case even months removed from the worst of the health crisis. But with Sportsman's, this task is a little easier, improving the narrative for SPWH stock.Finally, I don't think it's any surprise that shares launched into orbit over the past two months. Fear is a powerful motivator, making gun stocks the toast of Wall Street, whether it wants to admit it or not.However, you may want to let SPWH stock cool down a little bit as it's technically overheated. Axon Enterprise (AAXN)Source: Shutterstock No matter the circumstance, buying a firearm is a big deal. For some people, their personal conviction may prevent them from making the leap. I totally understand. While the Second Amendment protects Americans' rights to keep and bear arms, no one is obligated to exercise that right. But for those who still seek personal protection, Axon Enterprise represents a viable solution.True, AAXN stock is not what you would consider a pure-play example among gun stocks. Heck, it's not even a firearms manufacturer. Instead, Axon develops Tasers, which fire non-lethal projectiles at assailants, temporarily debilitating them via electric shocks. Once on the floor incapacitated, the user can call law enforcement. It's a cleaner process, both figuratively and literally.Another factor that may support the bull case for AAXN stock is the reality of home defense. In these circumstances, an assailant is physically near you, which means long-range rifles are overkill and likely less effective. But with a Taser, you just point and shoot. Plus, you have the confidence that you're not going to accidentally kill your neighbor. * 7 Stocks to Buy Once the Market Bottoms Finally, Axon's body cameras for law enforcement officers have become incredibly relevant. Due to the heightened social environment, it's become more critical to understand how police interact with communities of color. Axon provides a "real-life" view of these interactions, potentially lending toward protocol improvements and more effective training. Big 5 Sporting Goods (BGFV)Source: Jonathan Weiss / Shutterstock.com Out of the gun stocks on this list, Big 5 Sporting Goods is easily the riskiest. Part of it has to do with the fact that it's not a direct play on the firearms industry. Primarily, the company is exactly what it says it is: a retailer of sporting goods.As you can imagine, this product category hasn't exactly been popular in the digitalization age. Moreover, this segment has witnessed many bankruptcies over the years. Honestly, BGFV stock is one of those names that is liable to imploding. At time of writing, it has a market capitalization of less than $44 million.However, it may get a lifeline because of Dick's Sporting Goods (NYSE:DKS). In response to the Parkland shooting, the company began eliminating firearms from their inventory, even going so far as destroying $5 million worth of military-style rifles. Dick's CEO Edward W. Stack justified the move as saving lives.Under that logic, manufacturers of airplanes, automobiles, kitchen knives and whatever else can kill humans should cease production immediately.But because of Dick's reactionary tactics, Big 5 can differentiate itself by advertising its firearms and ammunition business. Should more troubles arise from the coronavirus or social unrest, BGFV stock could swing higher.Usually, gun owners aren't even thinking about Big 5 for their firearms needs. Go to their "sporting" rack and you'll just find an assortment of shotguns and bolt-action hunting rifles. But when the smelly stuff hits the fan, any gun is better than none at all.Just be sure not to get too heavily involved with BGFV stock.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post 7 Gun Stocks to Buy During the Coronavirus Pandemic appeared first on InvestorPlace.
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
Olin Corporation (NYSE: OLN) announced today the pricing of its previously announced private offering (the "Offering") of $500 million aggregate principal amount of 9.500% senior notes due 2025 (the "Senior Notes"). The initial offering price to investors will be 99.500% of the principal amount thereof. Olin expects to use the net proceeds of the Offering to fund general corporate purposes. The closing of the Offering is expected to occur on May 19, 2020, subject to customary closing conditions.
Moody's Investors Service ("Moody's") assigned a Ba3 rating to Olin Corporation's ("Olin") proposed $500 million five year senior unsecured notes. All other ratings remain unchanged and the outlook remains negative. "Olin's proposed debt issuance will enhance cash balances in advance of a $490 million payment to Dow Chemical and an ability to redeem up to $1.2 billion of debt in late 2020," said Ben Nelson, Moody's Vice President -- Senior Credit Officer and lead analyst for Olin Corporation.
Olin Corporation (NYSE: OLN) announced today that it intends to offer (the "Offering") $500 million aggregate principal amount of senior notes due 2025 (the "Senior Notes"), subject to market and other conditions. Olin expects to use the net proceeds of the Offering to fund general corporate purposes.
Moody's Investors Service, ("Moody's") affirmed Olin Corporation's ("Olin") Ba2 Corporate Family Rating ("CFR"), upgraded the ratings on the company's credit facilities to Baa3 from Ba2 based on improved positioning within the company's capital structure, and, in light of a credit agreement amendment that will result in meaningful secured debt in the company's capital structure, downgraded the senior unsecured debt ratings to Ba3 from Ba2. Moody's also upgraded the company's Speculative Grade Liquidity ("SGL") Rating to SGL-2 from SGL-3 based on greater expected cushion of compliance under amended financial maintenance covenants, ability to use the delayed draw term loan to fund an upcoming major payment, and several other liquidity-enhancing actions.
With me this morning is John Fischer, Olin's Chairman, President and Chief Executive Officer; Pat Dawson, Executive Vice President, Corporate Strategy and International; Jim Varilek, Executive Vice President and Chief Operating Officer; and Todd Slater, Vice President and Chief Financial Officer. Thank you, Steve, and good morning, everyone.
Shares of chemicals and ammunition specialist Olin (NYSE: OLN) dropped precipitously in early Thursday trading, and remain down 17.1% as of 11:35 a.m. EDT. Despite reporting better-than-predicted sales for the quarter ($1.42 billion, versus the $1.37 billion analysts had expected), Olin's loss was nearly twice as bad as analysts had expected -- $0.51 per diluted share. Olin ended up losing $0.51 per share in Q1, compared to a year-ago profit of $0.25 per share.
Olin Corporation (NYSE: OLN) announced today that its senior management team will review its first quarter 2020 financial results in an investor conference call on Thursday, April 30, 2020 at 10:00 a.m. Eastern time. Prepared remarks will be followed by a question and answer session.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Moody's Investors Service ("Moody's") downgraded long-term ratings for Olin Corporation ("Olin"), including the Corporate Family Rating ("CFR") to Ba2 from Ba1 and senior unsecured debt ratings to Ba2 from Ba1, and downgraded the company's Speculative Grade Liquidity Rating ("SGL") to SGL-3 from SGL-2. The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, falling oil prices, and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets.
Olin Corp., the Clayton-based chemical and ammunition maker, said Monday that it added two directors as part of a new agreement with activist investor Sachem Head Capital Management.
Olin Corporation (NYSE: OLN) ("Olin" or the "Company") today announced the appointment of Scott Ferguson and W. Barnes Hauptfuhrer to its Board of Directors (the "Board"), effective immediately. With these appointments, the Olin Board will be comprised of 14 directors, 13 of whom are independent, and six of whom will stand for re-election at the Company's upcoming 2020 Annual Meeting of Shareholders. In conjunction with these appointments, Olin has entered into an agreement with Sachem Head Capital Management LP ("Sachem Head"), which owns approximately 9.5% of the outstanding shares of the Company's common stock.
Sachem Head Capital Management, an activist investment firm, plans to nominate a slate of directors at Clayton-based Olin Corp.'s annual meeting after building a stake in the chemical and ammunition maker.
Olin Corporation (NYSE: OLN) ("Olin" or the "Company") today confirmed that Sachem Head Capital Management LP ("Sachem Head") has submitted a notice of its intent to nominate four candidates for election to the Olin Board of Directors (the "Board") at the Company's 2020 Annual Meeting of Shareholders. The Company issued the following statement in response to the Schedule 13D filed today with the U.S. Securities and Exchange Commission by Sachem Head:
A former Randalls grocery store in Lake Jackson will become the main building for the manufacturer's Texas operations.
NEW YORK, NY / ACCESSWIRE / February 5, 2020 / Olin Corp. (NYSE:OLN) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 5, 2020 at 10:00 AM Eastern ...