Cramer's Play Ahead of Friday’s Jobs Report
Jim Cramer has high hopes for the February employment report, which the U.S. Department of Labor will release on Friday. The “Mad Money” host on Tuesday expects a “real good number.”
For those who also think the U.S.’s employment picture is improving, Cramer suggests Cintas . As the U.S.’s largest uniform rental company, it stands to benefit from an uptick in hiring. The Cincinnati, Ohio-based company gets more than 90 percent of its sales from the U.S. and enjoys a 37 percent market share. McDonald’s and Royal Caribbean Cruises are among its more than 90,000 customers.
In the last five months, Cintas’ stock has posted a 39 percent gain. The stock closed down 1.75 percent on Tuesday, marking the first real pullback in months, Cramer said. This weakness might be the best chance to buy shares, he continued, because the stock will likely pop if Friday’s employment data is strong.
“If you, like me, believe Friday’s employment report will be really good, then Cintas is the way to play it,” Cramer told viewers. “If I wanted 200 shares, I'd buy 100 before the report and if it isn't the blowout we expect, then I'd buy another 100 after to get a terrific basis for stock in a fantastic company.”
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