--- title: Why Gun Makers Aren't Happy About President-Elect Trump Right Now description: The prospect of less political attention on gun control reduces the urgency for gun buyers, which is bad news for firearms manufacturers. authors: - name: Martha C. White role: Writer url: https://money.com/author/martha-c-white/ education: BA, English, Princeton University at_money_since: 2015 articles: 350 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology published: '2016-11-09T21:05:59.000Z' modified: '2024-05-16T11:59:40.000Z' section: Economy and Politics tags: - Gun Control - Guns - Handguns - pubdesk - Smith & Wesson word_count: 245 canonical: https://money.com/donald-trump-gun-sales/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![gun sales](https://img.money.com/2016/11/gun-sales.jpeg) Barack Obama's election and reelection were boons for the gun industry, and firearms manufacturers were gearing up for another banner year with the expectation of a Hillary Clinton victory. Gun sales have been hitting records around Black Friday, the holiday season and, sadly, after mass shootings that make headlines around the country. Some of this is driven by people's feeling that they need to protect themselves, but another big factor is the fear of scarcity. People see a Democratic electorate or a tragedy like the Sandy Hook shootings and assume more restrictive gun regulations are coming down the pike, so they rush out and stock up. "Fear of gun regulation... has been a major driver of gun sales over the past eight years," Wedbush analyst James Hardiman told [Bloomberg](http://www.bloomberg.com/news/articles/2016-11-09/why-trump-s-victory-just-wounded-gunmakers). The FBI has already processed nearly as many background check requests — 22.2 million — in first 10 months of 2016 alone as it did in all of 2015. Now things are likely to be different, since people not expecting gun control legislation from a Republican president and Congress don't have an imperative to rush out and buy guns. While Trump touted his endorsement from the National Rifle Association frequently on the campaign trail, he's not doing gunmakers any favors by winning the election. While industries like construction, biotech and private prisons saw their stocks rise on Wednesday, companies like Smith & Wesson and Sturm Ruger & Co. fell sharply, dropping by 15% and 16%, respectively. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/donald-trump-gun-sales/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Elections", "item": "https://money.com/elections/" }, { "@type": "ListItem", "position": 4, "name": "Why Gun Makers Aren't Happy About President-Elect Trump Right Now" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/donald-trump-gun-sales/#webpage", "url": "https://money.com/donald-trump-gun-sales/", "name": "Why Gun Makers Aren't Happy About President-Elect Trump Right Now", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2016-11-09T21:05:59.000Z", "mainEntity": { "@id": "https://money.com/donald-trump-gun-sales/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/donald-trump-gun-sales/#breadcrumb" }, "dateModified": "2024-05-16T11:59:40.000Z" }, { "@type": "Article", "headline": "Why Gun Makers Aren't Happy About President-Elect Trump Right Now", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2016/11/gun-sales.jpeg", "width": 4000, "height": 2667, "caption": "gun sales" } ], "author": [ { "@type": "Person", "name": "Martha C. 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