It’s impossible to say what a Donald Trump presidency will entail, but if the stock market is any indication, investing in private prisons will be great again. Pharmaceuticals and defense stocks also both saw an increase.
Investors are adapting their choices after Trump was declared the winner of the US presidential election. Corrections Corp.’s stock surged 60 percent before paring to 34 percent Wednesday morning, Bloomberg reported. GEO Group, another private detention facility firm, saw their stocks rise by 18 percent. Continue reading “Champion of the Police State — Prison and Defense Stocks Soar After Trump Victory”