June FBI NICS checks rise 3% Y/Y, according to KeyBanc, marking a meaningful deceleration "from...
June FBI NICS checks rise 3% Y/Y, according to KeyBanc, marking a meaningful deceleration "from the 15.9% increase in May, 27.2% increase in April and 26.3% increase in March." This doesn't bode well for shares of Sturm Ruger (RGR -0.6%), Smith & Wesson (SWHC +0.1%), and Cabela's (CAB +0.7%) according to analyst Scott W. Hamann who says "sustained retail increases during 2H13 [will be] difficult to achieve against channel restocking and political rhetoric/pressure."
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