FireArms

The storied firearms maker just reported annual earnings that soared 45% on a 21% leap in revenues to $406.2 million. But the Supreme Court's handgun ruling is most likely to excite investors and entice them to buy S&W's stock.

Smith & Wesson (SWHC) shares jumped over 2.5% in after-hours trading after the company posted better-than-expected fourth-quarter results and forecast first-quarter revenue that was above analyst estimates. In the fiscal fourth quarter ending on April 20, Smith & Wesson earned $2.7 million...

In recent years, demand for firearms skyrocketed: People worried that high unemployment would lead to more crime, and when President Obama was elected, gun rights supporters feared he would clamp down on their right to bear arms. But both of those fears have eased, and demand for guns is weakening.