CintasNASDAQ: CTAS

U.S. stocks did amazingly well in the first half this year and the second half is unlikely to be any different, says Christopher Carey – portfolio manager at Carnegie Investment Counsel. Following are the top four undervalued stocks that he expects will be the hidden gems in the back half of 2024.

Cintas (CTAS) is set to benefit from strength across its businesses, acquired assets and shareholder-friendly policies.

CINCINNATI--(BUSINESS WIRE)--The C.A.P.E. Awards celebrate EVS staff in acute and long-term care facilities who are at the frontline of patient care.

Here is how Cintas (CTAS) and Eaton (ETN) have performed compared to their sector so far this year.

Economic profit is a measure of how much value a company is able to generate.  It is the difference between ROIC and the cost of capital. Cintas can raise capital at a cost of 9.53% and deploy that capital in the business and earn 35.71%. For every dollar you give Cintas, they turn it into three. Using an unbiased measure of the opportunity cost of the investment, Cintas offers a total return of more than double the opportunity cost.

Here is how Cintas (CTAS) and Eaton (ETN) have performed compared to their sector so far this year.

Cintas (CTAS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Cintas (CTAS) benefits from strength in its businesses, focus on operational executions and shareholder-friendly policies. Escalating operating expenses remain a concern.

This is how Cintas (CTAS) and Emerson Electric (EMR) have fared in comparison to their industry thus far in the year.