Easily one of the top performers in the market on Monday was ammunition manufacturer Ammo Inc (POWW). It’s not too difficult to figure out why. Following the shocking assassination attempt of former President Donald Trump, POWW stock skyrocketed, likely on anticipation that tighter gun control measures would restrict access to firearms and related products.
Another catalyst could be the anticipation of social unrest. As you know, the political discourse has grown incredibly divisive in recent years. The current election cycle has devolved into pejorative attacks, suggesting a fissure in November, irrespective of the end result. As such, the market may believe that concerned citizens will arm themselves, leading to the boost in POWW stock.
