Prison stocks jump on expectations of more detentions

Dow Jones

07 Nov 2024

MW Prison stocks jump on expectations of more detentions

By Steve Goldstein

GEO Group and CoreCivic shares jump

Shares of GEO Group and CoreCivic surged on Wednesday in expectation that President-elect Donald Trump's administration will detain more immigrants in facilities run by the companies.

GEO $(GEO)$, which provides secure residential housing and care for U.S. Immigration and Customs Enforcement, saw its shares jump 35%. CoreCivic's stock $(CXW)$ jumped 27%.

According to a GEO presentation, private companies provide 90% of the beds for ICE processing, and GEO itself provides 42% of those private-sector beds.

CoreCivic reports third-quarter results on Thursday.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 06, 2024 11:07 ET (16:07 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2481946987"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481946987\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2481946987?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 00:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481946987","market":"sh","top_or_hot":-1,"title":"Prison stocks jump on expectations of more detentions","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Prison stocks jump on expectations of more detentions\n</p>\n<p>\n  By Steve Goldstein \n</p>\n<p>\n     GEO Group and CoreCivic shares jump \n</p>\n<p>\n     Shares of GEO Group and CoreCivic surged on Wednesday in expectation that President-elect Donald Trump's administration will detain more immigrants in facilities run by the companies. \n</p>\n<p>\n     GEO <a href=\"https://laohu8.com/S/GEO\">$(GEO)$</a>, which provides secure residential housing and care for U.S. Immigration and Customs Enforcement, saw its shares jump 35%. CoreCivic's stock <a href=\"https://laohu8.com/S/CXW\">$(CXW)$</a> jumped 27%. \n</p>\n<p>\n     According to a GEO presentation, private companies provide 90% of the beds for ICE processing, and GEO itself provides 42% of those private-sector beds. \n</p>\n<p>\n     CoreCivic reports third-quarter results on Thursday. \n</p>\n<p>\n     -Steve Goldstein \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 11:07 ET (16:07 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Prison stocks jump on expectations of more detentions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrison stocks jump on expectations of more detentions\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-07 00:07</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Prison stocks jump on expectations of more detentions\n</p>\n<p>\n  By Steve Goldstein \n</p>\n<p>\n     GEO Group and CoreCivic shares jump \n</p>\n<p>\n     Shares of GEO Group and CoreCivic surged on Wednesday in expectation that President-elect Donald Trump's administration will detain more immigrants in facilities run by the companies. \n</p>\n<p>\n     GEO <a href=\"https://laohu8.com/S/GEO\">$(GEO)$</a>, which provides secure residential housing and care for U.S. Immigration and Customs Enforcement, saw its shares jump 35%. CoreCivic's stock <a href=\"https://laohu8.com/S/CXW\">$(CXW)$</a> jumped 27%. \n</p>\n<p>\n     According to a GEO presentation, private companies provide 90% of the beds for ICE processing, and GEO itself provides 42% of those private-sector beds. \n</p>\n<p>\n     CoreCivic reports third-quarter results on Thursday. \n</p>\n<p>\n     -Steve Goldstein \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 11:07 ET (16:07 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481946987","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481946987","pubTimestamp":1730909220,"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":"Shares of GEO Group and CoreCivic surged on Wednesday in expectation that President-elect Donald Trump's administration will detain more immigrants in facilities run by the companies.GEO , which provides secure residential housing and care for U.S. Immigration and Customs Enforcement, saw its shares jump 35%. CoreCivic's stock  jumped 27%.According to a GEO presentation, private companies provide 90% of the beds for ICE processing, and GEO itself provides 42% of those private-sector beds.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","GEO":"GEO惩教集团","BK4588":"碎股","CXW":"美国惩教公司","BK4165":"安全和报警服务","BK4516":"特朗普概念","BK4084":"特种房地产投资信托"},"translate_title":"监狱股因预期更多拘留而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CXW":0.9,"GEO":0.9},"content_text":"MW Prison stocks jump on expectations of more detentions\n\n\n  By Steve Goldstein \n\n\n     GEO Group and CoreCivic shares jump \n\n\n     Shares of GEO Group and CoreCivic surged on Wednesday in expectation that President-elect Donald Trump's administration will detain more immigrants in facilities run by the companies. \n\n\n     GEO $(GEO)$, which provides secure residential housing and care for U.S. Immigration and Customs Enforcement, saw its shares jump 35%. CoreCivic's stock $(CXW)$ jumped 27%. \n\n\n     According to a GEO presentation, private companies provide 90% of the beds for ICE processing, and GEO itself provides 42% of those private-sector beds. \n\n\n     CoreCivic reports third-quarter results on Thursday. \n\n\n     -Steve Goldstein \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2024 11:07 ET (16:07 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":1}}}