Gun stocks American Outdoor Brands (AOBC) - Get Report and Sturm, Ruger (RGR) - Get Report were both climbing Friday afternoon during President Donald Trump's speech at the National Rifle Association.
While campaigning, Trump came out heavily in favor of gun rights. Trump's visit to the NRA is the first time since 1983 a sitting president has addressed the group. Trump is making his speech just outside of Atlanta.
Sturm, Ruger shares were up more than 1% Friday afternoon while American Outdoor Brands was rising just under 1%.
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views.Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)