These Stocks Are Spiking in the Wake of Donald Trump's Win

Although global markets dropped overnight after the results of the U.S. presidential election showed a victory for Donald Trump, markets rallied on Wednesday, with the U.S. indices trending higher. Analysts said there are some industries that especially stand to benefit from a Trump presidency.

According to Morningstar data cited by the Daily Beast's Betsy Woodruff on Twitter, top gainers in the stock market Wednesday morning were in a few categories: pharmaceuticals, petroleum refineries — and for-profit prisons.

The biggest jump was made by Corrections Corp. of America, which shot up more than 44% Wednesday morning. Another private prison company, The GEO Group, saw its shares rise by nearly 20%.

Biotech companies were also having a very good day, with Vertex Pharmaceuticals, Applied Genetics Technologies and others rising.

How Markets Around the World Reacted to a Trump Victory

In Japan, traders working a foreign exchange desk watch U.S. election results. The Nikkei index fell more than 900 points as Trump's win became real.

Toru Hanai—Reuters

The Philippine Stock exchange fell to a 7-month low on Trump’s win. In this photo, a Filipino trader looks at the electronic board showing a downward trend during trading at the Philippine Stock Exchange at the financial district of Makati, south of Manila, Philippines, Wednesday, Nov. 9, 2016.

Aaron Favila—AP

Pedestrians look at an electronic stock board displaying the Nikkei Stock Average outside a securities firm in Tokyo on Nov. 9, 2016. The yen strengthened against the U.S. dollar, which will make it more difficult for Japan to fight off its ongoing inflation problem.

Tomohiro Ohsumi—Bloomberg via Getty Images

As news that Clinton lost major battleground states was confirmed, billions were wiped from Australian Securities Exchange, as it was described as "a sea of red."

David Gray—Reuters

One of Trump's biggest campaign promises has been to crack down on the Chinese government, who Trump says weakens the value of China's renminbi, giving it an unfair advantage in world trade. The Chinese currency rallied as the U.S. dollar's value fell following Trump's win.

Wang Zhao—AFP/Getty Images

Asian markets were up and running during the wee hours of the morning in the U.S., when Trump's gain on electoral college votes surpassed Clinton's. Hong Kong’s Hang Seng index fell to 2.6%.

Isaac Lawrence—AFP/Getty Images

Gulf State markets -- such as the Qatar Stock Exchange being monitored by a trader shown here -- fell after news of the Trump victory. These markets are heavily exposed to changes in the oil market, and Trump has promised to make America an even bigger fuel and oil producer.

Naseem—Reuters

A trader watches Trump on TV as Dubai’s stock market falls. The one upside for traders there? The U.S. doesn't do much trade with countries like Dubai, so Trump's protectionist trade policies may not impact them directly.

Ashraf Mohammad Mohammad Alam—Reuters

In Germany, the DAX exchange fell 3% after trading began, following news of Trump's victory.

Michael Probst—AP

Traders on the floor at ETX Capital in London watched as Trump was elected. The UK markets suffered huge losses in June, after their own surprise Brexit referendum results sent stocks into a tailspin.

Chris Ratcliffe—Bloomberg via Getty Images

A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India, November 9, 2016.

Danish Siddiqui—Reuters

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Read Next: What Trump’s Win Means for Your Wallet

Other stocks that rose in morning trading were for Ionis Pharmaceuticals, ARIAD Pharmaceuticals, and refinery company CVR Energy. Other stocks rising in value on Monday included Navient, a company that services and collects on student loan debts, steel producer Nucor and Ameriprise Financial. Construction industry stocks also rose on the promise of greater infrastructure spending, with Martin Marietta Materials and Vulcan Materials both rising.