Private Prison Stocks Surge Amid Trump's Immigration Crackdown
Private prison stocks, particularly Geo Group and CoreCivic, are experiencing a surge due to expectations of increased business from Trump's promised immigration crackdown. Geo Group's stock has risen 67% since Election Day, while CoreCivic's has increased nearly 65%. This mirrors a similar trend from the early days of Trump's first administration, although both stocks currently trade below their early-2017 highs.