08:12 AM EDT, 07/15/2024 (MT Newswires) -- Stocks that could benefit from a Donald Trump presidency in the US rose in recent Monday premarket activity as the former president's chances of winning improved following an assassination attempt on Saturday.
Gun makers Smith & Wesson Brands ( SWBI ) and Sturm, Ruger & Company ( RGR ) were up 3.5% and 4.2%, respectively. Gun stocks tend to climb following mass shootings as people buy more firearms in anticipation of calls for gun control.
Meanwhile, shares of prison operators GEO Group ( GEO ) and CoreCivic ( CXW ) were up more than 7%. Detention centers are expected to benefit from Trump's administration as he promises to crack down on illegal immigration.
Price: 14.80, Change: +0.78, Percent Change: +5.56