Writing for the website Seeking Alpha, Nigam Arora made a similar argument, linking the strong performance of both Sturm, Ruger and Smith & Wesson during the Obama presidency to stockpiling by "gun enthusiasts" afraid the President would try to enact tougher gun laws.

Indeed, since the start of 2008, shares of Sturm, Ruger and Smith & Wesson are up 425% and 61% respectively, compared to negative returns for the DJIA and the S&P 500 and a 7% return for the Nasdaq Composite index.

While the National Rifle Association has continued to push the image of Obama as "anti-gun," the Obama Administration has continued to defend the rights of gun owners even in the wake of last week's shootings, notes The Christian Science Monitor.

-- Written by Dan Freed in New York.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

Trump to Ease Gun Export Rules and Gun Stocks Go Haywire

Gun Stocks Plummet on Sales Decline; Insurers Rebound to End the Week - ICYMI

Stocks Finish Mixed as Hurricane Irma Barrels Toward Florida Coast

Dow Rallies as Travelers Rebounds but Rest of Market Trails Ahead of Irma

Wall Street Turns Mixed as Hurricane Irma Watch Keeps Trading Cautious