Corecivic Inc (NYSE:CXW) & Range Resources Corp. (NYSE:RRC) Stocks to Keep Your Eyes on

On Tuesday, Shares of Corecivic Inc (NYSE:CXW) gained 4.71% to $26.48. The share price is trading in a range of $25.11 – 27.18. The stock exchanged hands with 5.95 million shares contrast to its average daily volume of 1.79 million shares.

In the hardscrabble desert hamlet of Milan, New Mexico, incarceration is the biggest game in town.

Not far from Interstate 40, among fragrant sage and creosote bushes, stands a sprawling outpost of CoreCivic Inc., one of America’s biggest for-profit prison companies. The 1,200-bed facility, formerly a lockup for car thieves and drug dealers, is being transformed into a detention center for immigrants fleeing Mexico and Central America. It will be opening just as Donald Trump becomes president.

Immigrants are a growth business for Milan and the U.S. prison-industrial complex. Trump’s pledge to clamp down on illegal immigration and deport millions has given the private-prison industry its biggest boost in years. Since the Republican was elected, CoreCivic stock has jumped 78 percent. Rival private-prison company Geo Group Inc., is up 53 percent.

The reasons are clear. A crackdown like the one Trump has projected would cost the federal government from $400 billion to $600 billion. Prison contractors would get a slice of the pie. (Source: Bloomberg)

Corecivic Inc (NYSE:CXW) have shown a high EPS growth of 6.10% in the last 5 years and has earnings growth of 9.30% yoy. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -20.16% below its 52-week highs and is up 8.26% for the last five trades.

Shares of Range Resources Corp. (NYSE:RRC) inclined 1.83% to $33.36. The share price of the stock surged 29.55% for the year.

Analysts give RRC a mean recommendation of 2.10. The company has dropped -14.98% in past 3 months and in the last five trades has moved up 2.33%. The stock has earnings growth of 87.10% yoy and showed a low EPS growth of -57.30% over the past five years. The stock’s price moved down its 200-day moving average of $38.08. The stock is presently trading down its SMA-50 of $35.35.

 

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