At face value, the so-called anti-woke movement seems to run counter to the prevailing sensibilities of most Americans. Over the last few years, the nation has come to grips with various social and environmental issues that require carefully crafted solutions. Nevertheless, the sharp rise in Ammo Inc (POWW) – a manufacturer of ammunition – presents an unmistakable contrast. Therefore, investors shouldn’t ignore the power of contrarian thinking for POWW stock and similar controversial assets.
Fundamentally, the horrific rise in gun violence imposes an unmistakable headwind for the broader firearms industry. Although proponents of the second amendment point to a national mental health crisis as a key catalyst – which to be fair is a legitimate concern – gun control advocates also raise red flags with how easily people can access firearms. As a matter of intellectual honestly, one can never fully take firearms out of the gun violence equation.
