Obama administration expected to act on gun regulations

• Gun stocks are on watch with President Obama expected to take executive action on reporting requirements and expanded background checks for gun purchases, including a narrowing of the loose gun show guidelines.
• It's unclear if the Obama administration plans to draft new rules or clarify existing ones.
• Smith & Wesson (SWHC -0.9%) and Sturm Ruger (RGR -0.6%) are up 131% and 72% YTD, respectively.