Why private prison stocks are soaring

Quite ironically, once Trump Media (NASDAQ: DJT) is excluded, one would be hard-pressed to find a stock that hasn’t seen a massive rally in the wake of Donald Trump’s reelection as the President of the United States.A relatively overlooked set of companies whose shares have also seen stellar surges are the controversial American private prison firms. Two of the industry’s most prominent corporations, CoreCivic (NYSE: CXW) and Geo Group (NYSE: GEO) were even among the best-performing assets on November 7. CX ...