Prison stocks have soared after Donald Trump's presidential victory, with Geo Group (GEO) up about 41% and CoreCivic (CXW) up nearly 29%.
Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the uptick in prison stocks and how the Trump administration policies around immigration could benefit these companies.
A key note from BTIG analyst Isaac Boltansky underscores that operations of Immigration and Customs Enforcement (ICE) and Border Patrol are already outsourced to prison companies, fueling the stock surge.
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