Saturday’s close-call assassination attempt of former President Donald Trump had a rallying effect on the stock market. On Tuesday, markets closed on new all-time highs as the S&P 500 gained 0.6% and DoW jumped by 1.9%.. With the lasting iconography cemented from the Pennsylvania Trump rally, it is now more likely that Donald Trump will gain his second presidency.
This is not surprising as the Biden admin opened up a full-spectrum attack against Musk, ranging from the Federal Trade Commission, the Securities and Exchange Commissions, Department of Justice and the National Labor Relations Board to the Fish and Wildlife Service. Most importantly, Trump is known to favor domestic industry and manufacturing base while imposing tariffs on China’s imports. This aligns with recent EU moves, which would significantly help Tesla’s bottom line.
During 2023, CoreCivic renewed all 34 contracts, suggesting the company’s high brand loyalty among federal, state and local governments. Over the last month, CXW stock is up 32%. Presently priced at $15.03, it is close to its 52-week high of $16.54. With lowered interest rates ahead, and Trump’s historic plan for mass deportation of illegals who got in during the Biden admin, CXW could visit its previous all-time high of $37.15 in 1997.
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