The stock market plunged on Friday, led by technology stocks. Investors are worried that huge investments in AI may not generate enough profits.
Overall, S&P 500 fell 1.8% to 7,580, while Nasdaq dropped 2.9% to 25,437. These were their largest recorded declines since June.
Chart of the Day
Here is the one-year chart of Cintas Corporation (CTAS) as of October 5, 2026, when the stock was at $195.
Cintas (CTAS) continues to churn out consistent growth. Last quarter, the uniform and rug cleaning company delivered profit growth of 16% on the back of 11% revenue growth. That was the 4th consecutive quarter of double-digit profit growth.
Management stated that overall growth was being driven mainly by volume, with new customers, better retention and increased cross-selling all contributing to stronger momentum. First Aid & Safety and Fire Protection also continued to grow strongly, as Cintas expanded its range of workplace services.
David Sharek, Founder of School of Hard Stocks, considers CTAS to be a safe stock with the ability to grow profits — and perhaps the stock — at a low double-digit rate. With 13% profit growth expected next quarter, the Cintas train looks to keep chugging right along.
CTAS is part of the Conservative Growth Portfolio. He considers CTAS a buy-and-hold stock.
