Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

12. Cintas Corporation (NASDAQ:CTAS)

Number of Hedge Fund Holders In Q3 2024: 48

Cintas Corporation (NASDAQ:CTAS) is an industrial supplies company that sells and rents uniforms and provides other services such as restroom cleaning. The firm’s stock has performed better than the broader industrial sector in 2024 as it managed to grow earnings and reward investors with a dividend hike. However, Cintas Corporation (NASDAQ:CTAS)’s shares struggled in December after the firm’s uniform sales dropped. The shares jumped by 4% in January after it announced an acquisition attempt of a uniform company which was rejected later. Here’s what Cramer said:

“Did you see what Todd Schneider, the CEO of Cintas is saying to people? It’s very similar to what we heard from Rodney McMillion in Kroger. Cintas is saying, Todd Schneider [inaudible] that they’re competing against some Amazon, Grainger, and Fastenal, online. And offline, they’re competing with brick and mortar Walmart and Costco. So they need that heft! Because it’s not like the old days when it’s just competing, you know I mentioned the groceries, they, they’re, that’s not longer just them. Costco and Walmart continue to come up. They’ll combine anything in this country which service more than two million of the sixty million businesses. I do think that Todd has a very good case, but the problem is, as you just said, it’s so what?”