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Fortune
Fortune
Christiaan Hetzner

Trump’s election win sends private prisons stocks soaring as investors anticipate hard crackdown on migration

President-elect Donald Trump

President-elect Donald Trump’s pledge to crack down hard on mass migration promises to mean big business for private prisons.

Companies like CoreCivic and Geo Group may be known for profiting from the growing population of incarcerated Americans, but they struck gold after expanding into the operation of detention centers for undocumented migrants on behalf of the U.S. Immigration and Customs Enforcement (ICE). 

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