SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Julius Wong7/15/2024 7:58:29 PM
1 Recommendation

Recommended By
Return to Sender

   of 8258
 
Prison stocks GEO Group, CoreCivic surge after Trump assassination attempt

Jul. 15, 2024 2:24 PM ET
By: Carl Surran, SA News Editor

FooTToo/iStock via Getty Images

GEO Group (NYSE: GEO) +9.1% in Monday's trading, poised to close at its highest in nearly five years, and CoreCivic ( CXW) +7.2% as both prison services companies surge following the assassination attempt on former President Trump.

Analysts at Wedbush Securities said late last week that GEO Group ( GEO) and CoreCivic ( CXW) would benefit from Republican policies if Trump wins the general election, citing a likelihood of providing more resources for both the public and private sectors regarding border security, with a focus on physical detention.

Republicans in Congress would be expected to continue to push for incremental funding for Immigration and Customs Enforcement detention centers, while Democrats would oppose the use of private detention operators for federal service, Wedbush said, Dow Jones reported.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News