2 Stocks That Are Rising Due to the Tragic Orlando Massacre; Plus 3 Other Hot Stocks

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Gun Maker’s Shares Soar After Orlando Massacre

Smith & Wesson Holding Corp (NASDAQ:SWHC) shares are up by over 6% after a shooter killed 50 people at an Orlando nightclub this weekend. The death count makes the Orlando shooting the most tragic shooting event in U.S. history. Traders are buying Smith & Wesson Holding Corp (NASDAQ:SWHC) because they anticipate more consumers will buy guns to protect themselves against home invasions or future types of similar incidents (although to the latter point, it should be noted that the massacre took place in a so-called “gun-free zone”). Some people may also rush out to buy guns in anticipation of the government tightening gun laws going forward. The number of funds in our system with holdings in the gun maker fell by three to 24 during the first quarter.

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Nano-cap Rallies After Tragic Sunday Event 

COPsync Inc (NASDAQ:COYN) shares are 22% in the green due to the tragic shooting in Orlando that killed 50 people this weekend. COPsync operates the COPsync911 threat-alert service for a variety of government and at-risk facilities. The company also operates the nation’s only system connecting law enforcement officers and agencies nationwide and providing access to a national database of non-adjudicated law enforcement information and real-time communication capability to connected agencies. Although shares of COPsync have rallied, it isn’t clear if there will be additional demand for the service due to the event. COPsync Inc (NASDAQ:COYN) wasn’t held by any funds in Insider Monkey’s database at the end of March.

Netflix Rallies on Buzz

Netflix, Inc. (NASDAQ:NFLX) is 2% higher after a trailer for the company’s Stranger Things generated substantial positive feedback across several social media sites. Stranger Things is a supernatural series that will be available for binge watching beginning July 15. Should the show achieve a strong reception, it will result in a wider moat against future competitors for Netflix. Andreas Halvorsen‘s Viking Global was one of the top shareholders of Netflix, Inc. (NASDAQ:NFLX) at the end of March.

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Disclosure: None

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