Trump-driven stock rally: These companies are outperforming Tesla post-election
Among the key beneficiaries are companies tied to law enforcement, private prisons, and the cryptocurrency sector.
Private Prison and Law Enforcement Stocks Surge
While Tesla’s stock surged by 39% from the week after the election through Monday’s close, other stocks have surpassed this performance, particularly those linked to Trump’s tough-on-crime and border control policies. Notably, shares of private prison companies such as CoreCivic and Geo Group have seen remarkable growth. CoreCivic's stock has jumped 76%, while Geo Group has surged 75% since Election Day, benefiting from expectations of a stricter immigration policy and heightened government contracts for detention facilities.
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One of the primary drivers behind this surge is Trump’s appointment of Tom Homan as his “border czar.” Homan, the former acting director of Immigration and Customs Enforcement (ICE), is a strong proponent of mass deportations and a firm advocate for stricter immigration policies. The potential increase in detention center beds—ranging from 41,500 to as many as 100,000—has led analysts to project a significant revenue boost for these companies, with Geo Group expected to see a 24% increase in sales by 2025.
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