Gun Stocks in Spotlight Following Shootings; Walt Disney and Schlumberger Limited Trending on Business Updates

Racial strife in the United States isn’t over. Due to some controversial shootings of African-American civilians in Tulsa and Charlotte, protests have erupted in various cities. In Charlotte, the protests have become so bad that Pat McCrory, the Governor of North Carolina, had to declare a state of emergency in Charlotte on Wednesday night. Apparently, more shots, this time between civilians and civilians have been exchanged, and several people including some officers have been injured.

The controversy over the killings of civilians who may or may not have been armed by police will likely cause more police departments to look into non-lethal firearms such as products made by TASER International, Inc. (NASDAQ:TASR). Meanwhile gun demand might also rise and be a boon for gun-makers such as Sturm, Ruger & Company (NYSE:RGR), and Smith & Wesson Holding Corp (NASDAQ:SWHC) as more people will likely buy guns to protect themselves from the violence.

According to our records, 10 and 16 funds had a bullish position in TASER International, Inc. (NASDAQ:TASR) and Sturm, Ruger & Company (NYSE:RGR) respectively at the end of the second quarter. Comparatively Smith & Wesson Holding Corp (NASDAQ:SWHC) was more popular, with 20 investors tracked by us reporting long positions as of the end of June.

Disclosure: none