The anticipated crackdown on illegal immigration under Trump's presidency could significantly benefit private prison operators like GEO Group and CoreCivic, as the government will require facilities for detainees.
Stock values for GEO Group and CoreCivic surged by 42% and 29% respectively immediately after Trump's election, signaling investor confidence in the potential for profit from the administration's policies.
While markets predict that GEO and CoreCivic could triple in value during Trump's presidency, the practicality of mass deportations may hinder sustained stock growth.
Historically, the stocks of private prison operators spiked after Trump’s first election in 2016, creating a pattern that investors are now watching closely amid current policy promises.
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