Art and Diana Ramirez of Austin with their pistols in custom-made holsters during and open carry rally at the Texas State Capitol on January 1, 2016 in Austin, Texas. On January 1, 2016, the open carry law takes effect in Texas, and 2nd Amendment activists hold an open carry rally.

Gun-related stocks rose sharply Monday, ahead of President Barak Obama's expected speech on gun control curbs later in the day.

Obama said he will meet with U.S. Attorney General Loretta Lynch on Monday to discuss tighter gun control measures after a series of mass shootings.

The Washington Post and Politico reported last week that one of Obama's main proposals would require some unlicensed gun dealers to obtain licenses and conduct background checks on potential buyers. Current law exempts smaller dealers who operate at gun shows and sell online from this practice.