Wal-Mart, the world's No. 1 retailer and the biggest seller of firearms in the United States, is dropping out of a U.S. conservative advocacy group that has been a lightning rod over voting and gun laws.
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 shares.
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.