Top 3 prison stocks to buy for 2025 Trump presidency
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Following the victory of GOP candidate Donald Trump in the 2024 Presidential election, private prison stocks experienced a notable surge to the upside. While these companies traded relatively flatly or even experienced stock price depreciation under the presidency of Joe Biden, Trump’s purported ‘tough on crime’ stance does present a boon for these businesses. That stance, however, isn’t the main bullish catalyst — Trump’s proposed mass deportation plan is. The President-elect has at various times stated his intent to deport 15 million to 20 million illegal immigrants — even though the United States only has approximately 11.7 million undocumented persons per the Center for Migration Studies. For reference, the current prison population of the United States is approximately 1.9 million people, or roughly 0.5% of the total population, higher than even the incarceration rates of the notorious Soviet GULAG system. Trump’s plan would see a million deportations per year, estimated to cost at least $88 billion a year by the American Immigration Council. Although the intent is to ultimately deport such persons to their country of origin, or even to countries they have no affiliation with, such an effort would require the use of — and expansion of detention facilities at an unprecedented scale. Private prison contractors are the ventures best positioned to provide that. However, if he does follow through with his plans, these are the stocks that stand to see the biggest price increases. Geo Group (NYSE: GEO) As the preeminent private prison contractor in the United States, Geo Group (NYSE: GEO) would see the strongest tailwinds from the proposed mass deportation plan. It was also part of Michael Burry’s portfolio for quite some time — although the famed investor missed out on most of its recent gains. The business designs, finances, develops, and ultimately manages detention centers…
Filed under: News - @ December 6, 2024 4:28 pm