Immigration policy is one of the most controversial topics in the U.S. at the moment.
So, we have to be careful on how we approach the topic, not wanting to take sides. For us, we are looking at the issue solely from an investor standpoint. As long as the story remains red hot, some of the best opportunities have been found in private prison stocks.
And they’re expected to move even higher with such a hot button issue.
According to Fox News, “The former president has also promised to invoke the Alien Enemies Act to “remove all known or suspected Gang Members, drug dealers, or Cartel Members from the United States” and shift law enforcement to immigration enforcement. He has also promised to resume construction of a wall at the southern border. Construction started in his first administration but was largely stopped by the Biden administration.”
That being said, it’s no surprise that private prison stocks have been explosive including:
CoreCivic Inc. (SYM: CXW)
CoreCivic, Inc. formerly the Corrections Corporation of America, is a company that owns and manages private prisons and detention centers. Since November, CXW gapped from about $14 a share to a high of about $25. Now back to $22.97, there’s still the potential for higher highs.
The stock was also upgraded by Wedbush Securities to an outperform rating with a $30 price target. The firm noted, “Given recent commentary coming from the Trump administration’s transition team, we now believe that the need for incremental ICE beds could be even higher than previously expected, and that this need for beds could result in a reactivation of the lost South Texas contract.”
GEO Group (SYM: GEO)
GEO Group engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. Since November, GEO gapped from about $15 to a recent high of $31.07. From here, we do expect to see it race even higher under Trump.
Related Reading: Trump’s “Manhattan Project” Could Send this $20 AI Stock Soaring
Trump wants to make “America First in AI”…
That’s why his cabinet is planning a “Manhattan Project style” initiative to develop the next generation of AI technology.
At least $32 billion in funding could flow into cutting-edge AI firms over the next three years.
Which opens up an incredible opportunity for early investors.
Our research indicates ONE AI stock is poised to benefit the most.
