Investors are piling into enforcement stocks, with riots and protests raging in the U.S.
There’s fear the situation could get even worse, with potential military involvement. That is, if President Trump uses the Insurrection Act to bring an end to the violence.
“I am mobilizing all available federal resources, civilian and military, to stop the rioting and looting, to end the destruction and arson and to protect the rights of law-abiding Americans, including your Second Amendment rights,” Trump said, as quoted by NBC News.
As chaos continues, law enforcement stocks have been bid higher.
Axon Enterprises (AAXN)
Over the last few days, shares of AAXN have exploded from $74.76 to nearly $100. All on sky-high demand for its products. As reported by Fox Business, “Axon said its customer-facing teams have noted ‘an increase in product usage and requests’ for two of its products – Axon Aware, which provides livestream functionality for body cameras worn by law enforcement officers in the field, and Axon Citizen, described as a ‘public evidence submission tool.’”
Digital Ally (DGLY)
Digital Ally exploded from 90 cents to $2.80 because it makes body-worn and in-car video systems, which are sold to law enforcement agencies.
Cemtrex Inc. (CETX)
Shares of CETX rocketed from 86 cents to a high of $3.18 over the last few days. All because CETX provides wearables and smart devices.