CNN: Smith & Wesson fired up investors on Tuesday by saying it sees “recent, positive trends” in the consumer firearm market, and that’s likely to translate directly into higher profits for the gun maker. The firearm company feels so confident that it raised its sales and earnings targets for 2015 above what Wall Street had been banking on. The stock surged nearly 20% as investors cheered the news. Rival Sturm, Ruger & Co. also saw its shares pop about 4% on the upbeat sentiment.

All of this marks a 180 turn for gun makers. Only a few weeks ago Smith & Wesson and other firearm …read more

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