Sin stocks are stocks that profit from vice — from things that perhaps comes with a social stigma or is related to some kind of taboo. Alcohol, tobacco, and gambling are the most well-known but there are others, including a group of sin stocks known as “Conflict sin stocks“.
There are two types of conflict stocks:
There are those companies that manufacture and sell weapons — including gun and ammunition. These include:
- Sturm, Ruger, and Co (RGR)
- Smith & Wesson (SWHC)
There are also companies that provide para-military services and support services during conflict (including logistics and security services — some of which are Private Military Companies — PMCs). These include:
Conflict sin stocks tend to be welcomed when people feel that their lives or freedoms are at risk, and they tend to be shunned when gun violence makes the headlines or when people grow weary of the cost of war.