Cintas Corp. - This stock even outshines chip stocks

Company description

Cintas Corporation is an American company that focuses on various business areas, including corporate identity uniforms, facility services, and other products. The company was founded in 1968 and is headquartered in Cincinnati, Ohio, USA.

The business areas are divided as follows:

• Corporate Identity Uniforms: Cintas is one of the leading providers of corporate identity uniforms in North America. The company offers customized apparel solutions for companies in various industries, including manufacturing, retail, hospitality, healthcare and more. These uniforms help strengthen brand image and employee uniformity. This segment contributes almost 80% of total sales and has a very high margin of 21.6%.

• Facility Services: Cintas offers a wide range of facility services including cleaning, sanitation services, floor care, first aid and safety solutions, and fire protection products. These services are designed to keep businesses clean, safe, and operational by providing professional support for various facility management challenges.

• Supply of products and services: In addition to uniforms and facility services, Cintas also offers a variety of products and services, including protective clothing, workplace matting, air cargo logistics and document management. These products and services help increase operational efficiency and improve workplace safety.

Profit development

This makes it all the more astonishing to look at the company's profits - even some chip stocks could learn a thing or two from them. The development speaks for itself. The profit increase over the last 10 years averaged a whopping 18%!

Chart outlook

The stock is also looking good from a technical perspective. The securities are reaching new record highs and are a momentum monster. The weekly chart speaks volumes.

Such strong stocks are naturally suitable for long trades. The stock reached new record highs this week and continues to break out on a weekly basis so far. If it can hold its ground until the end of the week, it is definitely worth a look for a possible trade on the upside. I have a target of around 750 USD in mind.

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