Trump's Immigration Plans Boost Private Prison Stocks

Private prison companies anticipate increased profits from Trump's proposed mass deportation policies.

Private prison giants GEO Group and CoreCivic saw their stock prices surge following Trump's election victory, signaling investor confidence in increased contracts for immigration detention.
Trump's proposed policies include mass deportations and expanded detention facilities, which private prison companies view as a significant business opportunity.
GEO Group and CoreCivic are preparing to increase their detention capacity, with GEO Group potentially doubling its ICE detention beds and CoreCivic reconfiguring facilities for higher intake.
The Intensive Supervision Appearance Program (ISAP), an alternative to detention using electronic monitoring, is also expected to expand significantly under the new administration.
The success of Trump's immigration plans, and the related business for private prisons, depends on congressional funding and cooperation from state and local governments.