Jim Cramer Discussed These 18 Stocks After Major AI Event

Page 8 of 17

10. Cintas Corporation (NASDAQ:CTAS)

Number of Hedge Fund Holders In Q3 2024: 48

Cintas Corporation (NASDAQ:CTAS) is a uniform company that rents and sells uniforms and provides other services such as restroom cleaning and first aid. Despite a broader slowdown in industrial stocks, Cintas Corporation (NASDAQ:CTAS)’s shares are up by 27.7% over the past twelve months due to the somewhat essential nature of its services for the industrial world. However, the stock dipped by 10.6% in December after Cintas Corporation (NASDAQ:CTAS)’s fiscal second-quarter revenue of $2.560 billion missed analyst estimates of $2.563 billion. Cramer commented on the firm’s bid to acquire a uniform company and grow its operation:

“But Cintas stock is up huge. And you know why that is. What a great merger.

“Is the customer a principal beneficiary? I think the customer might wanna put Cintas against UniFirst.

“I’m worried about Cintas not getting all those small businesses, but if they get together, it’s dynamite.

“But Cintas is such a great company. And I just think that you buy that stock hand over fist.”

Page 8 of 17