Private prison stocks up 100% since Trump’s win

Thanks to President Donald Trump, America’s private prisons appear to be entering a golden age.

The stocks of the two biggest private prison operators — CoreCivic (formerly know as Corrections Corp. of America) and Geo Group — have doubled since election day. CoreCivic (CXW) is up 140% since Trump won in November; Geo Group (GEO) has risen 98%.  For all the talk about how good Trump has been for big banks like Goldman Sachs, he’s been even better for private prison investors.

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