Shares of the two publicly traded gun makers rallied on Monday, a day after President Barack Obama gave a prime-time address calling for a modest reduction in the availability of firearms.

Smith & Wesson US:SWHC closed 8% higher and Sturm Ruger & Co. RGR, -3.91% rose 6% on Monday.

Smith & Wesson has climbed 116% this year, and Sturm Ruger has jumped 66%.