The stock market ended higher on Wednesday on account of strong earnings and artificial intelligence (AI) optimism. S&P 500 rose 0.6% to 6,086 – near its record high. Meanwhile, NASDAQ increased 1.3% to 20,009.
Tweet of the Day
Great list!
I need to buy:
Blue Owl $OWL
Clearwater Analytics $CWAN
for my Growth Portfolio, which already owns:HubSpot $HUBS
NVIDIA $NVDA
Palantir $PLTR &
ServiceNow $NOW https://t.co/GLSenW29dO— David Sharek (@GrowthStockGuy) January 18, 2025
Chart of the Day
Here is the one-year chart of Cintas Corporation (CTAS) as of December 23, 2024, when the stock was at $186.
Cintas is known for its uniform rental business, but the company is well-rounded. In last qtr’s earnings call, management stated virtually every business has a need Cintas is ready to meet. Examples include front door mats, bathrooms that need servicing, and exits signage. The company also offers fire extinguishers and sprinkler systems, first aid kits, safety needs, as well as soap, sanitizers, and their dispensers. Cintas focuses on four verticals: health care, hospitality, education, and government.
CTAS is on the radar for the Conservative Growth Portfolio. David Sharek, Founder of School of Hard Stocks, is looking for the stock to pull back so he can invest.
