Prison Stocks Break Out After Trump Win -- WSJ

Dow Jones

Nov 07, 2024

By Denny Jacob

Companies that run prisons and detention facilities are sharply higher following Trump's election victory Tuesday. GEO Group has surged 38% and CoreCivic has jumped 28% in afternoon trading. Both stocks are trading near their highs on the day.

Analysts at Wedbush recently noted that these companies could benefit as Trump would likely look to provide as many resources as possible to both the public and private sector when it comes to border security, with a focus on physical detention. Congressional Republicans are also expected to continue to push for incremental funding for Immigration and Customs Enforcement detention centers, they added.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 06, 2024 14:46 ET (19:46 GMT)

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GEO Group has surged 38% and CoreCivic has jumped 28% in afternoon trading. Both stocks are trading near their highs on the day. \n</p>\n<p>\n     Analysts at Wedbush recently noted that these companies could benefit as Trump would likely look to provide as many resources as possible to both the public and private sector when it comes to border security, with a focus on physical detention. Congressional Republicans are also expected to continue to push for incremental funding for Immigration and Customs Enforcement detention centers, they added. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. 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GEO Group has surged 38% and CoreCivic has jumped 28% in afternoon trading. Both stocks are trading near their highs on the day. \n</p>\n<p>\n     Analysts at Wedbush recently noted that these companies could benefit as Trump would likely look to provide as many resources as possible to both the public and private sector when it comes to border security, with a focus on physical detention. Congressional Republicans are also expected to continue to push for incremental funding for Immigration and Customs Enforcement detention centers, they added. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 14:46 ET (19:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GEO","symbol_name":"GEO惩教集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481930082","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481930082","pubTimestamp":1730922360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Companies that run prisons and detention facilities are sharply higher following Trump's election victory Tuesday. 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Congressional Republicans are also expected to continue to push for incremental funding for Immigration and Customs Enforcement detention centers, they added. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2024 14:46 ET (19:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}