Gun Industry Shares Plunge After Shootings
The gun industry is under growing pressure to respond to the Newtown, Conn. , school massacre. Despite soaring sales, shares of gun makers have been sinking since last week. Smith & Wesson fell 10 percent yesterday and another big manufacturer, Sturm, Roger & Co. , fell nearly 8 percent. Private equity firm Cerberus Capital Management is planning to sell its stake in Freedom Group, maker of the Bushmaster rifle. The gunman in Newtown used a. 223-caliber Bushmaster rifle during the shootings. In a statement Cerberus said it will hire a financial adviser to help with the process of selling its Freedom Group interests. Dick’s Sporting Goods has suspended sales of semiautomatic rifles at its stores across the country. The approach of the fiscal cliff may be taking a bite out of consumer spending during the busiest shopping weeks of the year. A new poll for Bankrate.
Keywords:
fiscal cliff abc news radio Bushmaster rifle Freedom Group LIBOR rate fiscal cliff deal .223-caliber Bushmaster rifle firm Cerberus Capital Freedom Group interests Samsung copyright fight Swiss bank UBS NEWS Radio ABCNews.com holiday shopping season triple digit gains Dow Jones Index U.S. Justice Department Davies Business Correspondent sales Samsung smartphones Bankrate survey consumer spending gun industry school massacre gun makers Apple smartphones big manufacturer semiautomatic rifles busiest shopping financial adviser Apple s demands Greg McBride two-month high good news financial security industry sentiment recent months. Sporting Goods new poll Wall Street housing starts investor optimism National Association wire fraud Apple vs Japan unit European countries Commerce Department new decisions highest reading joint investigationPeople:
Greg McBride
Overall Sentiment: -0.160147
Relevance: 0.745346
| Sentiment | Quote |
|---|---|
| -0.281944 | “That’s not good news regardless of whether or not it’s holiday shopping season,” says McBride. |
| Sentiment Stats: |
|
Dick
Overall Sentiment: 0.14609
Relevance: 0.516356
Disambiguation: MusicalGroup | Actor | MusicalArtist | Celebrity | FilmActor | FilmDirector | MusicalGroupMember | TVActor | TVProducerReferences:
Richard Davies
Overall Sentiment: 0
Relevance: 0.509582
Disambiguation: FilmActor | TVActorReferences:
Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Company: Apple
Overall Sentiment: -0.284783
Relevance: 0.785974
Disambiguation: Brand | OperatingSystemDeveloper | ProcessorManufacturer | ProgrammingLanguageDesigner | ProgrammingLanguageDeveloper | ProtocolProvider | SoftwareDeveloper | VentureFundedCompany | VideoGameDeveloper | VideoGamePublisherReferences:
Company: Samsung
Overall Sentiment: -0.231108
Relevance: 0.783225
Company: UBS
Overall Sentiment: 0.0672456
Relevance: 0.781619
Disambiguation: References:
Company: Freedom Group
Overall Sentiment: 0.175746
Relevance: 0.665354
Company: Cerberus Capital Management
Overall Sentiment: 0
Relevance: 0.607217
Company: Smith & Wesson
Overall Sentiment: 0
Relevance: 0.60039
Disambiguation: References:
Company: Cerberus
Overall Sentiment: 0.0778066
Relevance: 0.538181
Company: Roger & Co.
Overall Sentiment: 0
Relevance: 0.493106
Organization: National Association of home builders
Overall Sentiment: 0.0305863
Relevance: 0.498858
Organization: U.S. Justice Department
Overall Sentiment: -0.0712265
Relevance: 0.483949
Disambiguation: GovernmentAgency | GovernmentalBody | GovernmentalJurisdictionReferences:
Organization: Commerce Department
Overall Sentiment: 0
Relevance: 0.47363
City: Newtown
Overall Sentiment: -0.229576
Relevance: 0.750514
StateOrCounty: Conn.
Overall Sentiment: -0.35927
Relevance: 0.527471
StateOrCounty: California
Overall Sentiment: -0.524062
Relevance: 0.509895
Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | Appellation | GovernmentalJurisdiction | USState | WineRegionReferences:
Country: Japan
Overall Sentiment: -0.0663191
Relevance: 0.457935
Disambiguation: Location | GovernmentalJurisdiction | Kingdom | MilitaryPostReferences:
TelevisionStation: ABC News
Overall Sentiment: -0.0298751
Relevance: 0.706219
Disambiguation: Organization | Broadcast | Company | FilmCompany | TVNetworkReferences:
Webpage Header Details
Webpage Provided Keywords:
Webpage Provided Title:
URL Provided Desc:
Source URL: Gun Industry Shares Plunge After Shootings
Webpage Provided Title:
Gun Industry Shares Plunge After Shootings
URL Provided Desc:
Morning Business Memo: The gun industry is under growing pressure to respond to the Newtown, Conn., school massacre. Despite soaring sales, shares of gun makers have been sinking since last week. Smith & Wesson fell 10 percent yesterday and another big manufacturer, Sturm, Roger &...
Source URL: Gun Industry Shares Plunge After Shootings
No comments:
Post a Comment