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Private Prison Companies’ & Military Contractors’ Stocks Surge After Trump Wins

HeadlineNov 10, 2016

In financial news, global markets have rebounded after plummeting upon the news of Trump’s victory. Stocks of some companies surged, including the largest private prison contractor, Corrections Corporation of America—which recently changed its name to CoreCivic—whose shares are up 43 percent since Trump’s victory. GEO Group, another private prison contractor, is up 21 percent. The Intercept reports stocks also surged for many military contractors, including Raytheon, General Dynamics, Lockheed Martin and Boeing.

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