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Shares of major gun manufacturers rose in trading Monday following the deadliest mass shooting in modern US history. Gun stocks tend to rally after mass shootings. Heightened conversation about potential gun-control legislation raises speculation that people would want to buy firearms sooner rather than later before any regulations could be tightened. Meanwhile, casino stocks have dropped.
In other news, the head of a $US55 billion fund at First Eagle points out the risks everyone else on Wall Street is missing. And the head of investment themes at UBS explains the big trends every investor should know.
- Stocks are flashing a major sell signal
- Euro drops after Catalan leader says the region has ‘won the right’ to independence
- The US dollar is climbing
- Here’s a super-quick guide to what traders are talking about right now
- Hedge funds are ‘dancing on the rim of a volcano’
- DEUTSCHE BANK: GM could release a self driving car ‘within quarters, not years’
- SUNTRUST: Nvidia’s next big bet could deliver ‘significant revenue’ soon