Wall Street Has High Hopes for These 2 Unsung Stocks
The stock market played out a familiar theme on Friday, with major market benchmarks initially losing ground but clawing back losses as the day progressed. Market participants aren't sure how to handle the current inflationary pressures hitting the economy, but central bank policymakers show no signs of changing their strategy in managing monetary policy. As of 12:30 p.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 77 points to 34,910. The S&P 500 (SNPINDEX: ^GSPC) fell 7 points to 4,353, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was lower by 14 points to 14,529.
Even when the market is struggling, smart investors continue to look at the fundamental prospects for businesses. Several Wall Street analysts gave positive comments on individual stocks on Friday, and two of the most interesting calls were on Cintas (NASDAQ: CTAS) and Alcoa (NYSE: AA). Below, we'll look at what the analysts had to say and investors' reactions to the news.
Shares of Cintas were up 4% on Friday at midday. The uniform and business services provider has been hitting record highs ever since shortly after the coronavirus bear market in early 2020, and things are looking up for the company's future.
Source Fool.com
