Gun Stocks End Sharply Higher After Report Trump to Ease Gun Sales to Foreign Buyers

[OldMarineVet]

Market Chatter: Sturm, Ruger & Company, Other Gun Stocks End Sharply Higher After Report Trump to Ease Gun Sales to Foreign Buyers

4:09 PM ET, 09/19/2017 - MT Newswires

 

04:09 PM EDT, 09/19/2017 (MT Newswires) -- Sturm, Ruger & Company (RGR) and other gun-related stocks closed sharply higher after Reuters said late in the session U.S. President Donald Trump's administration is preparing to make it easier for American gun makers to sell small arms, including assault rifles and ammunition, to foreign buyers.

 

Aides to President Donald Trump are completing a plan to shift oversight of international non-military firearms sales from the State Department to the Commerce Department, four senior officials reportedly told Reuters. The new rules will cut government red tape and regulatory costs, boosting U.S. exports of small arms and creating jobs at home, they reportedly said.

 

The administration has all but finalized a draft of the new rules, which could be sent to the White House budget office for review within days, one U.S. official told Reuters.

[C0untZer0]

The State Department sells M16s and M4s to Mexico's Federal Police "Federales" and Mexico's military and about 26% of it goes missing out of Mexican armories every year.

 

 

 

[ChicagoRonin70]

Guess it's time to tell the financial adviser to buy firearm stocks.

[Chief Illiniwek]

Gun stocks...hmmm...are those the shoulder things that go up? No, wait, those are barrel shrouds.