Trump's plans to "roll back every regulation in the book" is making businesses feel a "lot more confident" in their outlook, Cramer said. While the longer-term merits of this policy is up for debate what isn't debatable is the favorable economic environment, which bodes well for a company like Cintas Corporation CTAS.
"Hence the Trump stock designation," Cramer emphasized.
However, the Trump administration doesn't necessarily deserve full credit for Cintas' performance since the stock was trading at $30 six years ago. The company does boast a terrific management team who actually hold a majority of their net worth in the company's stock, which is a rare finding these days, Cramer suggested.
"At many public companies, management's more motivated by salaries, bonuses, perks," Cramer said. "Not that there's anything wrong with a CEO getting paid to do his job, but it's always better when the people in charge have a great deal of their wealth tied up in the actual common stock."
Bottom line, Cintas could be considered both a "terrific stock" and a "terrific Trump stock" that could move higher with or without the White House behind them.
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