**Trump's Deportation Pledge Sparks Stock Surge for Private Prison Companies**

Private prison companies appear to be the biggest beneficiaries of President-elect Donald Trump’s vow to launch an extensive crackdown on undocumented immigrants. Following Trump's electoral victory, firms such as CoreCivic and Geo Group saw a substantial increase in their stock prices, with CoreCivic surging by 29% and Geo Group experiencing a 42% jump in just one day.

These companies have profited from the operation of detention centers for undocumented migrants under the U.S. Immigration and Customs Enforcement (ICE). Investors predict that Trump's aggressive immigration policies will further boost their earnings. During Trump's first term, the number of detained migrants reached a peak of 55,000 in 2019, largely benefiting private prisons after the federal government's immigration detention system expanded by over 50%.

Tech mogul Elon Musk has been vocal about his concerns regarding illegal immigration and its political implications. Musk, himself an immigrant, has argued that Democrats are intentionally allowing mass migration to influence electoral outcomes, a claim that he reiterated during a podcast with Joe Rogan. Exit polls from the recent election indicate a notable shift in support from Latino men from Biden in 2020 to Trump in 2024, contradicting Musk's assertion of a Democratic strategy to secure votes through immigration.

Trump's administration, with Vice President-elect JD Vance, has committed to what is being touted as the "largest deportation in the history of our country," initially targeting 1 million undocumented migrants. However, this ambitious plan hinges on the cooperation of cities and states with ICE. There are speculations that Trump may threaten to withhold federal funding to ensure compliance.

CoreCivic and Geo Group have yet to comment on these developments. The new administration's policies could significantly impact their financial performance, and investors are watching closely as the situation unfolds.