Analysts see the potential for a friendlier merger climate and growth in IT budgets.
Shares of GEO Group and CoreCivic surged on Wednesday in expectation that President-elect Donald Trump’s administration will detain more immigrants in facilities run by the companies.
Trump’s victory could benefit a host of stocks from sectors such as coal mining, fintech, cryptocurrency and for-profit education, says B. Riley Securities.
North Dakota and South Dakota also failed in their efforts to legalize cannabis for recreational use, while a medical measure passed in Nebraska.
The S&P 500 financial sector rose 5% when trading opened on Wednesday.
Congress may have more impact than the president when it comes to retirement.
Surging 10-year Treasury yields could temper Trump administration plans that risk growing the large U.S. deficit.
MarketWatch ran a regression of key economic variables, against the long-running University of Michigan consumer-sentiment index, to see if attitudes had changed.
