CTAS earnings out today, and seemed OK, but I guess with the stock's high valuation, it was deemed not good enough. So down almost 5% today.
The market is still worried from the Fed meeting, and now the upcoming 'govt shutdown', which seems increasingly likely. Main stock indices have reached near term oversold (RSI 30 area), and I've been gradually adding to some positions. I figure things could stay weak until this govt shutdown issue is resolved. I know you aren't into charts, but looks like the S+P 500 might test the 200 MA during this selloff. If the govt shutdown does happen, then next week could also be weak.
Fwiw, I'm trying to do what Buffett is likely doing right now, which is to add to long term positions. My stock allocation has creeped up to 22%, and I might bump it up toward 25% during this selloff. You're an old pro with buy / hold, but for me getting the allocation % right is still a 'work in progress'. 20-25% seems like the sweet spot, but time will tell..
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Recent CTAS News
- Le conseil d'administration de Cintas approuve le fractionnement des actions 4:1 • Business Wire • 05/02/2024 11:43:00 PM
- Cintas Board of Directors Approves 4-For-1 Stock Split • Business Wire • 05/02/2024 08:15:00 PM
- Un concierge du Minnesota rafle la mise au concours du Concierge de l'année 2024 de Cintas • Business Wire • 05/01/2024 09:44:00 AM
- Minnesota Custodian Cleans Up the 2024 Cintas Custodian of the Year Contest • Business Wire • 04/30/2024 07:37:00 PM
- Forbes reconnaît Cintas en tant que l'un des meilleurs employeurs 2024 pour la diversité • Business Wire • 04/30/2024 03:31:00 AM
- Forbes Recognizes Cintas as One of the Best Employers for Diversity 2024 • Business Wire • 04/29/2024 02:11:00 PM
- Cintas Corporation Announces Quarterly Cash Dividend • Business Wire • 04/09/2024 06:00:00 PM
- Cintas Builds Generative AI-Powered Internal Knowledge Center with Google Cloud • PR Newswire (US) • 04/09/2024 12:04:00 PM
- Cintas se lance à la recherche des meilleures installations sanitaires des États-Unis dans le cadre de l'édition 2024 du concours America’s Best Restroom® • Business Wire • 04/08/2024 07:14:00 PM
- Cintas Launches Search for 2024 America’s Best Restroom® • Business Wire • 04/08/2024 12:30:00 PM
- Cintas reconnu par Newsweek parmi les meilleurs lieux de travail pour la diversité aux des États-Unis en 2024 • Business Wire • 04/02/2024 07:41:00 PM
- Cintas is Recognized as One of Newsweek’s America’s Greatest Workplaces for Diversity 2024 • Business Wire • 04/02/2024 01:48:00 PM
- Cintas Corporation annonce les résultats du troisième trimestre de son exercice 2024 • Business Wire • 03/28/2024 09:19:00 AM
- Cintas Corporation Announces Fiscal 2024 Third Quarter Results • Business Wire • 03/27/2024 12:30:00 PM
- U.S. Stock Index Futures Point to a Rebound, Oil See Declines in Early Trading • IH Market News • 03/27/2024 10:57:08 AM
- Cintas nommé par Forbes parmi les meilleurs grands employeurs d'Amérique • Business Wire • 03/20/2024 04:03:00 PM
- Cintas Named One of Forbes’ America’s Best Large Employers • Business Wire • 03/20/2024 01:00:00 PM
- Cintas dévoile les 10 finalistes de son concours « Concierge de l'année » • Business Wire • 03/14/2024 06:59:00 PM
- Cintas Reveals This Year’s Top 10 Finalists in its Custodian of the Year Contest • Business Wire • 03/14/2024 01:00:00 PM
- Cintas Corporation Announces Webcast for Third Quarter Fiscal Year 2024 Results • Business Wire • 03/13/2024 02:59:00 PM
- Cintas fait l'acquisition de Paris Uniform Services • Business Wire • 03/13/2024 02:53:00 PM
- Cintas Acquires Paris Uniform Services • Business Wire • 03/13/2024 01:00:00 PM
- Cintas désigné par Newsweek comme l'un des meilleurs environnements de travail pour les femmes en Amérique • Business Wire • 03/08/2024 12:57:00 AM
- Cintas Named One of America’s Best Workplaces for Women by Newsweek • Business Wire • 03/07/2024 02:36:00 PM
- Cintas fait l'acquisition de SITEX, une société basée dans le Kentucky • Business Wire • 02/20/2024 08:50:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM