Sector Snap: Suppliers Of Law Enforcement Rise

NEW YORK (AP) — Shares of companies that sell guns, cameras and body armor to police jumped Tuesday on growing optimism that a newly signed $787 billion spending bill will boost sales and profits.

The American Recovery and Reinvestment Act of 2009 will direct to law enforcement agencies about $3.8 billion, much of which will be used to better equip law officers, Merriman Curhan Ford analyst Eric Wold said Tuesday in a client note.

Wold said gun maker Smith & Wesson Holding Corp. could see sales rise as much as $47 million to $147 million with a resulting boost in earnings per share of 16 cents to 51 cents. ...