Prison stocks have soared after Donald Trump’s presidential victory, with Geo Group (GEO) up about 41% and CoreCivic (CXW) up nearly 29%.
Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the uptick in prison stocks and how the Trump administration policies around immigration could benefit these companies.
A key note from BTIG analyst Isaac Boltansky underscores that operations of Immigration and Customs Enforcement (ICE) and Border Patrol are already outsourced to prison companies, fueling the stock surge.
No comments:
Post a Comment