By arguably most measures, President Donald Trump is done for. Whether you look at the polls or Trump’s meltdown during the debate or his novel coronavirus infection, it’s getting ugly for Republicans. Given that Joe Biden has a much stronger lead than former Secretary of State Hillary Clinton did back in 2016, it seems the former vice president has this in the bag. And that would be great for gun stocks. However, no one should be too comfortable with the prospect of a Biden victory before it happens. First, according to Inan Dogan, Republicans apparently have a penchant for sandbagging opinion polls. Then, on election day, they vote for their guy and it could happen again. Second, The Economist noted in November 2019 that poorly educated voters hold the keys to the White House. If so, that might complicate the narrative for gun stocks. Nevertheless, there are great arguments to support the case for Joe Biden taking the 2020 election. According to NPR, the Trump’s base is shrinking as white Americans without a college degree “have declined as a share of the voting-eligible population across the U.S. and in states critical to the presidential election.”

In addition, based on a Gallup poll, Americans consistently view the novel coronavirus as the nation’s top issue. Though the economy is a critical issue, the public seems to realize that without the pandemic under control, an economic recovery will probably not happen. From that perspective, Trump’s cavalier attitude toward the crisis may come back to haunt him. If so, the firearms industry will have a bonanza during a Biden administration. His running mate, Sen. Kamala Harris, is a staunch supporter of gun control. And she would love nothing more than to help enact sweeping and debilitating legislation to curb the Second Amendment. Say no more. That will surely spike the following gun stocks.  [full article]