Gun sales are surging amid protests across the United States, and one Wall Street analyst says Joe Biden's polling lead could accelerate them even more
on the back of a pandemic that's killed more than 100,000 Americans have caused a surge in new gun buyers that could continue as Joe Biden's electoral polling numbers increase over President Donald Trump.
"The pick up in civil unrest could bolster near term gun demand," Cai von Rumohr, an analyst at Cowen, said in a note to clients Tuesday as gun stocks continued to outperform market indices. That streak could continue as Joe Biden's candidacy gains further ground on Trump for November's general election, Cowen says.
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