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Search resuls for: "GEO Group"


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☆ 'Big Short' investor Michael Burry reveals 5 stocks he bought last quarter - after slashing his portfolio to a single holding
  + stars: | 2022-11-14 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +2 min
Michael Burry expanded his US stock portfolio from a single holding to six last quarter. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. The value of Burry's portfolio jumped from about $3 million to over $41 million. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Read more: A Michael Burry expert breaks down what makes the 'Big Short' investor special.
☆ How the U.S. midterms could ripple through the stock market
  + stars: | 2022-11-07 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +5 min
Regardless of the winner, past midterm elections have ushered in a period of positive market performance, something investors would welcome after a year in which the S&P 500 has declined by nearly 21%. The S&P 500 aerospace and defense index (.SPLRCAED) is up nearly 10% this year. HEALTHCAREPharmaceutical and biotech stocks may benefit in a Republican victory, after Democrats recently pushed through a law aimed at lowering prescription drug prices. The S&P 500 healthcare sector (.SPXHC) is down some 7% in 2022, while the S&P 500 pharmaceuticals index (.SPLRCCARG) is up about 1%. Therefore Republican victory in the House or Senate "probably means a legislative standstill, implying an incremental positive for the category," the said.
☆ GEO Group wins legal challenge to California ban on private immigrant prisons
  + stars: | 2022-09-26 | by ( Daniel Wiessner | Thomson Reuters | Dan Wiessner | ) www.reuters.com   time to read: +3 min
Most are operated by GEO Group and rival CoreCivic Inc (CXW.N), but dozens are owned by smaller companies. GEO Group and the U.S. Department of Justice did not immediately respond to requests for comment. Immigrant advocates have said private facilities often are overcrowded and understaffed, subjecting detainees to inhumane conditions. While campaigning for the 2020 election, Biden said he wanted to end the use of private detention centers to house immigrants. California's law prohibits the operation of any private detention facilities in the state, including prisons, but the lawsuits only challenged the ban on immigrant detention centers.
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