Latest news with #Nasdaq-100Index
Yahoo
2 days ago
- Business
- Yahoo
Stock Market Today: Market rises on China talks
Stock Market Today: Market rises on China talks originally appeared on TheStreet. Updated: 11:41 a.m. ET. Stocks reversed early losses after President Donald Trump and Chinese President Xi Jinping spoke for more than 90 minutes Thursday morning and agreed to a high-level meeting on trade disputes in the near future. The Standard & Poor's 500 Index was up 0.4% to 5,995. The Nasdaq Composite Index had risen 0.7% to 19,592. The Dow Jones Industrial Average was sporting a 0.3% gain to 42,561. The call also touched on Chinese reluctance to approve export licenses on rare earth minerals, critical components used in the manufacture of electric vehicles. No resolution was announced, however. Auto makers have been struggling to obtain enough of materials to make high-end magnets and have feared having to shut down assembly lines with the materials, especially dysprosium and terbium. Trump said the call came to "a positive conclusion." A week ago, the administration had charged China with stalling on trade talks. Trump named Treasury Secretary Scott Bessent, Commerce Secretary Howard Ludnick and Trade Representative Jamieson Greer to meet with Chinese counterparts to try to resolve problems. No date was set. Tesla () shares were down 3.2% to $321.11; they had been down as much as5%. Costco Wholesale () slipped 2.6% to $1,025 on signs sales growth was easing. Crude oil was higher to $63.44. Gold was off slightly. The 10-year Treasury yield had moved up to 4.395%. Updated: 10:06 a.m. The Standard & Poor's 500 Index was off 0.2% to 5,958. The Nasdaq Composite Index was off 0.1% to 19436. The Dow Jones Industrial Average was off 0.4%, or 159 points, to 42,283. Tesla shares were off, possibly in reaction to CEO Elon Musk's criticisms of the new tax bill. The market had little reaction to a report that President Donald Trump had had a phone call with Chinese Xi Jinping. The Chinese government reported the call, and few details were available. Futures trading suggested stocks will open modestly higher. The Standard & Poor's 500 Index was looking at a 14-point gain. The Nasdaq-100 Index was signaling a 48-point jump. The Dow Jones Industrial Average was surging to a possible 100-point jump at the open. Meanwhile, the U.S. trade deficit shrank to $61.6 billion in April, an steeper move than Wall Street had forecast. It had ballooned to a record in March as businesses rushed to stockpile ahead of President Donald Trump's tariff initial jobless claims unexpectedly rose last week to the the highest since October, adding to signs that the job market is cooling. Initial claims increased 8,000 to 247,000 in the week ended May 31, a period that included Memorial Day. Continuing claims, a proxy for the number of people receiving benefits, fell slightly to 1.9 million in the previous week. But Bloomberg News noted the number remains elevated. Both suggest a weakening jobs market ahead of Fridays monthly unemployment report. Happy Thursday. We're doing something a little different today. We're kicking off the Stock Market Today column with comments from Stephen 'Sarge' Guilfoyle's daily Market Recon. This is the type of great analysis he provides every day over in TheStreet Pro. It could have gotten ugly, one might have thought. The information started trickling out on Wednesday morning. It certainly wasn't pretty. There was no bouquet of flowers tossed down from on high to brighten the mood. There would be no aroma of freshly baked bread wafting across the street to disguise the wretched stench of decay. There would be no knight in shining armor that could arise from the shadows to defend the citizenry from their fears. Still, as the numbers hit publication... as viewpoints expressing pessimism spread ... equity markets hung in there, supported by demand for debt securities that suppressed yields. That suppressed interest rates. So, it was. So now, it has been written. Suddenly, after a spate of negative reports had taken stocks down from their early morning and mid-morning highs, bond traders started buying U.S. Treasuries. On Wednesday, the U.S. 10-Year note, our nation's benchmark debt security, went out paying just 4.36%, down 11 basis points for the day. The 2-Year Note yielded just 3.88% (-8 bps) by day's end. The prospect for lower interest rates going forward allowed stocks to breathe and hold their levels on a day that they might otherwise have suffered a bout of profit taking. Just a day after investors had seen the S&P 500 technically confirm last Thursday's bullish change of trend. Friday's Bureau of Labor Statistics Employment Report for May could still turn markets on their ear, Or not. The "big, beautiful bill" could pass. Or not. Talks between Pres. Trump and China's Pres. Xi could go well. Or not. Heads on a swivel, gang. Two sources of water. Clean socks. Full battle rattle. What impacted the markets on Wednesday? What's about to impact our marketplace? Let's go... Uh oh. On Wednesday morning, the ADP Report on private sector hiring for May showed just 37,000 jobs created during the month. This was the fewest jobs shown as having been created by this report for any single month in more than two years. This shows a deceleration from April's creation of 60,000 private sector jobs and badly missed the consensus view for 110,000 jobs created. This does not necessarily mean that Friday's Bureau of Labor Statistics print will be weak, but it could. Anything this ugly on Friday will not pass unnoticed by investors. The ISM Non-Manufacturing Index hit the tape at 49.9 (50 is the line in these surveys between expansion and contraction), just a few days after the ISM Manufacturing Index had crossed the tape at 48.5. The real worry for May is the component labeled "New Orders," which is the single most important item in any business survey. For the month New Orders printed at 46.4 for Services and 47.6 for Manufacturing. That's nasty. Inventories and Backlogged Orders both also showed decay. Didn't anything show expansion? Oh, you bet your tail something did. Inflation did. Prices printed at a red hot 68.7 for the services economy and a white hot 69.4 for the manufacturing economy. Does that mean that we'll see reacceleration of consumer level inflation for May? I would think this is likely. We'll almost certainly see that producer level inflation has come back to life. The Federal Reserve released their Beige Book on Wednesday afternoon. The Beige Book, for the new kids, is a central bank publication containing anecdotal economic information from across the Fed's 12 regional districts, released eight times a year ahead of policy decisions. The Fed will make its next decision on monetary policy on June 18. On overall economic activity: "Reports across the 12 Federal Reserve Districts indicate that economic activity has declined slightly since the previous report. Half of the Districts reported slight to moderate declines in activity, three Districts reported no change, and three Districts reported slight growth." Boston... "Economic activity decreased slightly overall." New York... "Economic activity in the Second District continued to decline modestly amid heightened uncertainty." Philadelphia... "Business activity declined modestly in the current Beige Book period, as it did in the last period." Minneapolis... "The District contracted slightly overall." Kansas City... "Overall activity declined moderately, driven by lower retail spending, a decline in the demand for single-family homes, and a slight contraction in manufacturing." San Francisco... "Economic activity slowed slightly." Elsewhere, Richmond, Atlanta and Chicago reported slight expansion, while Dallas, Cleveland and St. Louis reported no change in business activity. Fed Funds Futures markets trading in Chicago are now pricing in a 76% probability for a quarter-point rate cut on Sept. 17 and a 54% likelihood for another quarter-point rate cut on Oct. 29. That would be it for the year. Two more rate quarter-percentage point cuts are currently being priced in for 2026. The Congressional Budget Office, which is non-partisan, but not always correct, assessed the president's "big, beautiful bill" and reported on Wednesday its expectation that over 10 years the bill, if passed into law, would increase deficits by $2.4 trillion. There is a real concern over passage in the Senate now, with a number of fiscal conservatives fretting that the budget cuts in the bill don't go far enough and other senators showing dismay that these cuts go too far. I tend to agree with the fiscal hawks here, as that is my nature as an economist. That, my friends, is neither here nor there. What matters is that the U.S. Dollar Index traded lower on this news and that while Treasury securities showed strength due to weakness in the above economic news, that the long end of the spectrum of Treasury securities could become unanchored should the federal government continue to behave in a fiscally reckless manner. The weaker dollar would indeed be inflationary. On Wednesday, the S&P 500 closed essentially flat (+0.01%), while the Nasdaq Composite gained 0.32% thanks to a 1.39% run made by the Philadelphia Semiconductor Index. Marvell Technologies () and ON Semiconductor () led that group for the day. Otherwise, not a lot changed on Wednesday. The Dow Transports gave up 0.46%, while the small to midcap indices all gave back between 0.2% and 0.26%. Six of the 11 S&P sector SPDR ETFs closed out Wednesday's regular session in the green, led by the Communication Services () fund that only gained 0.64%. While only five of these funds closed in the red, Energy () gave up 1.95% as exploration, refining and pipeline stocks all took a pounding, and the Utilities () gave back 1.75%. Winners beat losers on the NYSE on Wednesday by just three issues. This was largely a 50/50 split. Winners did lead losers at the Nasdaq by a 6-to-5 margin. Advancing volume did take a nifty 65.5% share of composite Nasdaq-listed trade on Wednesday, but just a 45.8% share of composite NYSE-listed activity. Most importantly, on a day-over-day basis, aggregate trade contracted across NYSE-listings by 5.2% and across Nasdaq-listed securities by 3.7%. Aggregate trade across the membership of the S&P 500 also fell 9% short of the trading volume 50-day simple moving average for the index on Wednesday after falling just 4% short of that line in the sand on Tuesday. Does this render Wednesday's market as less significant that it might otherwise be? In short, technically, the answer is "yes." Price discovery is always more meaningful and more impactful when increased trading volume implies increased professional participation. Readers will see just how incredibly accurate technical analysis has been through this recent period. On Wednesday, the index, though quiet, did build on Tuesday's confirmation of Thursday's change in trend. Is Advanced Micro Devices () getting ready to make a serious run at industry leader Nvidia () ? Is Lisa Su getting ready to make a serious run at Jensen Huang? Maybe. Check out these past few moves that largely flew under the radar: June 4th: AMD announces the acquisition of open-source software company Brium in an effort to further its prowess in generative artificial intelligence. Terms of the deal were not disclosed. May 28th: AMD announced the acquisition of silicon photonics company Enosemi to boost co-packaging and the firm's prowess in generative AI. Terms of the deal were not disclosed. May 20th: AMD announced the divestiture of its ZT Systems, which is a data center manufacturing company for $3 billion. But the firm retained ZT's 1,200-person engineering team at a cost of about $1.6 billion or $1.33 million per engineer. This should improve AMD's competitiveness in the data center GPU market. My Conclusion? AMD is back among my top 10 holdings when ranked by weighting (number 10) after a long hiatus. We skipped much of the 2024 decline. Our net basis is currently $99.91. I expect to continue to buy the stock on weakness when that opportunity arises going forward. Nvidia remains my 15th heaviest allocation. I have no plans to add. 08:30 - Initial Jobless Claims (Weekly): Expecting 230K, Last 229K. 08:30 - Continuing Claims (Weekly): Last 1.919M. 08:30 - Balance of Trade (Apr): Last $-140.5B. 08:30 - Non-Farm Productivity (Q1-F): Flashed -0.8% q/q. 08:30 - Unit Labor Costs (Q1-F): Flashed 5.7% q/q. 10:30 - Natural Gas Inventories (Weekly): Last +101B cf. 12:00 p.m. - Speaker: Reserve Board Gov. Adriana Kugler. 1:30 - Speaker: Philadelphia Fed Pres. Patrick Harker. Before the Open: () (.52) After the Close: () (1.57), () (.81), () (2.60) At the time of publication, Guilfoyle was long AMD, NVDA equity. Stock Market Today: Market rises on China talks first appeared on TheStreet on Jun 5, 2025 This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared.
Yahoo
3 days ago
- Business
- Yahoo
QDWN, VIXY Among ETFs Posting Biggest Declines in May 2025
Exchange-traded funds utilizing options strategies and volatility exposure led May's worst-performers among non-leveraged funds, with the DailyDelta Q100 Downside Option Strategy ETF (QDWN) falling the most at 43%, according to FactSet data. With $192,500 in assets under management, QDWN pursues short-term bearish bets on the Nasdaq-100 Index through put options purchases, according to FactSet. The actively managed strategy seeks capital appreciation while limiting single-day risk to 10% or less of net asset value. Posting the second-worst performance is the YieldMax Short COIN Option Income Strategy ETF (FIAT), which declined 33%, according to FactSet. Holding $49.8 million in assets, the fund aims to provide current income and inverse exposure to Coinbase Global, Inc. (COIN) stock through a synthetic covered put strategy. Volatility-focused products also struggled during May. Both the ProShares VIX Short-Term Futures ETF (VIXY) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) declined 27%, according to FactSet data. Tracking futures contracts on the CBOE Volatility Index with average one-month maturity, the VIXY fund holds $129.7 million in assets. With $389.3 million in assets, the VXX product provides similar short-term VIX futures exposure but operates as an exchange-traded note rather than a traditional ETF structure, according to FactSet. Worst-Performing ETFs of May 2025—Source: FactSet The YieldMax Short N100 Option Income Strategy ETF (YQQQ) posted a 13% loss, according to FactSet. With $11.7 million in assets, the fund employs a synthetic covered put strategy targeting inverse exposure to the Nasdaq-100 Index while generating monthly income. Rounding out the top five decliners is the WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN), which declined 10%, according to FactSet. This $36.6 million actively-managed fund provides concentrated exposure to gold through both mining company equities and U.S.-listed gold futures contracts. Mining-focused ETFs continued the decline pattern as the iShares MSCI Global Silver Miners ETF (SLVP) fell 9%, according to FactSet. Holding $282.9 million in assets, the fund tracks a market-cap-weighted index of global companies that earn the majority of their revenues from silver mining. Multiple funds tied at 8% declines. Through an actively managed market-neutral strategy, the AGF U.S. Market Neutral Anti-Beta Fund (BTAL) takes long positions in low-beta U.S. stocks offset by short positions in high-beta stocks, with $318.6 million in assets. Natural gas exposure also hurt performance as the United States Natural Gas Fund LP (UNG) fell 8%, according to FactSet. With $363.3 million in assets, the fund holds near-month futures contracts in natural gas delivered at Henry Hub, Louisiana, rolling expiring contracts to maintain front-month exposure. Automated trading strategies struggled as the TradersAI Large Cap Equity & Cash ETF (HFSP) posted an 8% decline, according to FactSet. With $848,200 in assets, the fund uses proprietary algorithms with human oversight to trade S&P 500 Index e-mini futures positions based on intraday price movements. Completing the worst-performers list is the Themes Gold Miners ETF (AUMI), which also lost 8%, according to FactSet. With $10.4 million in assets, the fund tracks a market-cap-weighted index of the 30 largest gold-mining companies | © Copyright 2025 All rights reserved
Yahoo
5 days ago
- Business
- Yahoo
2 ETFs I Plan to Buy in June to Increase My Passive Income
ETFs can make it easy to invest in different passive income strategies. The Vanguard Total Bond Market ETF provides broad exposure to high-quality bonds. The JPMorgan Nasdaq Equity Premium ETF generates income from writing call options. 10 stocks we like better than Vanguard Total Bond Market ETF › My long-term financial goal is to generate enough passive income to cover my basic living expenses. Once I reach my target, I won't have to work to pay my bills. I also won't have to sell stock during retirement to fund my financial needs. My strategy is pretty simple. I invest in income-generating assets each month as a march toward my passive income target. Exchange-traded funds (ETFs) are among the many vehicles I use on my journey to financial independence. Two that I plan to buy more of this June are Vanguard Total Bond Market ETF (NASDAQ: BND) and JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ). Here's why I'm using these two ETFs to increase my passive income. Investing in bonds is one of the lowest-risk ways to generate passive income. However, it takes more work to manage a bond portfolio than stocks. You need to learn about bond ratings, building a bond ladder, and other factors that can affect returns. In the process of doing just that, I've found that investing in bond ETFs is the best way to gain exposure to the bond market and the fixed income they can generate. One of my go-to bond ETFs is the Vanguard Total Bond Market ETF. The ETF provides broad exposure to taxable investment-grade U.S. dollar-denominated bonds. It holds bonds issued by the U.S. government, government agencies, U.S. corporations, and foreign companies and countries that issue bonds in U.S. dollars. This ETF currently holds nearly 11,350 bonds. Nearly 69% of those bonds are from the U.S. government or government agencies. Meanwhile, about 18% have A-rated credit or higher, while the remaining 13% are BBB-rated bonds. These are all higher-quality bonds with a relatively low risk of default. Because they have an average yield to maturity of 4.5% and an average effective maturity of 8.2 years, this ETF should provide a fairly stable stream of interest payments. It distributes the income it receives to investors each month. The Vanguard Total Bond Market ETF provides investors with broad exposure to high-quality bonds for a very reasonable price, given its ultra-low 0.03% expense ratio. That enables investors like me to keep more of the interest income produced by the bonds it holds. Writing covered calls is another strategy that many investors use to generate passive income. This technique can be very lucrative. However, it requires fairly active portfolio management. An easier way to collect options income is to invest in the JPMorgan Nasdaq Equity Premium Income ETF. The fund's management team writes out-of-the-money call options -- that is, those above the current price -- on the Nasdaq-100 Index. That strategy enables the ETF to generate income and distribute it to investors each month. It can be a very lucrative strategy: As that chart shows, the fund has a higher income yield than several other asset classes, including U.S. government bonds and riskier -- and higher-yielding -- junk bonds. The yield shown is an annualization of its last distribution payment, which was higher due to market volatility in the period. Over the past 12 months, the fund's yield is a little lower at 10.4%, which is still very lucrative. The options premium income the fund generates will rise and fall based on volatility and market pricing. However, it's an attractive place to potentially earn an outsized income stream. In addition to the passive income, the fund provides equity market exposure. It holds a portfolio of stocks selected by combining an applied data science approach to fundamental research. It aims to construct a portfolio that will produce less volatile returns than the Nasdaq-100 while still providing investors with upside potential. I like this ETF because it delivers a lucrative income stream and higher appreciation potential, which should help grow the value of my portfolio over the long term. I like to use ETFs to add more sources of passive income to my portfolio. I routinely buy more of these ETFs, which helps increase my passive income. This month, I'm buying more shares of Vanguard Total Bond Market ETF and JPMorgan Nasdaq Equity Premium Income ETF because they make it super easy to collect passive income from bonds and options. Before you buy stock in Vanguard Total Bond Market ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Vanguard Total Bond Market ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Matt DiLallo has positions in JPMorgan Nasdaq Equity Premium Income ETF and Vanguard Total Bond Market ETF. The Motley Fool has positions in and recommends Vanguard Total Bond Market ETF. The Motley Fool has a disclosure policy. 2 ETFs I Plan to Buy in June to Increase My Passive Income was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Miami Herald
6 days ago
- Business
- Miami Herald
Broadcom earnings may produce shock and awe
It would be easy to write off Broadcom's year-to-date stock performance as a "so what?" Don't. Broadcom (AVGO) shares have been flying in the aftermath of stocks' tumbling in the wake of President Trump's tariff announcement. Get $100 off TheStreet Pro - our best deal of the summer won't last long! Your portfolio will thank you! True, the tech giant's year-to-date return is not impressive, up just 4.4%. But that's due to gyrating markets. Since the end of the first quarter, however, Broadcom has jumped 44.6%, closing Friday at $242.07. That's just 3.9% below its December peak of $251.88. Broadcom will command the most attention of companies reporting quarterly earnings this week. It's a smallish list of stocks overall because the first-quarter earnings season is largely finished. The list includes cybersecurity company CrowdStrike Holdings (CRWD) , apparel retailer lululemon athletica (LULU) and video-game retailer GameStop (GME) . Nvidia (NVDA) and Costco Wholesale (COST) were last week's glamour stocks and largely delivered what Wall Street wanted. And the stocks were mostly rewarded. Nvidia was up 2.9% for the week. While the shares are up just 0,6% for 2025, they are up nearly 25% in the quarter as stock market has recovered from the tariff shock. Costco ended the week up 3.1% and is up 13.5% on the Standard & Poor's 500 Index ended May with a 6.2% gain, its best month of the year and the best month for the index since November 2023. It is also the S&P 500's best May performance since 1997. The Dow Jones industrials were up 3.9% in the month and the tech-heavy Nasdaq-100 Index added 10.7%. The broader Nasdaq Composite Index was up 9.6% for the month Related: Fed official sends strong message about interest-rate cuts Broadcom is expected to tell a pretty good story with its fiscal second-quarter results, due after Thursday's market close. The company makes chips and infrastructure products that are key components used in artificial intelligence. Its core customers include the hyperscalers - Microsoft (MSFT) , Alphabet (GOOGL) , (AMZN) and Facebook parent Meta Platforms (META) . It's been supplying the 5G radio components for the Apple (AAPL) iPhone. These companies are spending billions of dollars building up their artificial intelligence capacities with software and giant data centers all over the world. Related: Forget tariffs, here's why CEOs worry about a looming recession Wall Street estimates Broadcom will earn $1.57 a share, up 15% from a year ago. The revenue estimate is $14.97 billion, up from $12.49 billion a year ago. The company has been beating estimates for multiple quarters. The company saw first-quarter revenue from its AI-related business hit $4 billion, up 77% from a year earlier, and it has forecast huge revenue gains in future quarters, all thanks to AI. More Tech Stocks: Palantir gets great news from the PentagonAnalyst has blunt words on Trump's iPhone tariff plansOpenAI teams up with legendary Apple exec Broadcom was up 5.8% for the week, outperforming the major averages. Since the April market bottom, the shares have handily out-performed every stock in among the Magnificent 7 group stocks. Even Tesla (TSLA) - up 33%. It's ahead of crypto dealer Coinbase Global (COIN) (up 43.2%). Broadcom's market cap is $1.14 trillion, larger than Tesla's $1.12 trillion and the $1.09 trillion market cap for Berkshire Hathaway (BRK.A) and (BRK.B) . In the last 30 trading days, Broadcom has been the ninth-best performer in the Standard & Poor's 500 Index and eighth among stocks in the Nasdaq-100 Index. Yes, the current situation is great and looks strong, but there may some risks to the Broadcom story. The stock may be pricey. Its forward price/earnings ratio was 30.93 on Friday, higher than most semiconductor companies including Nvidia. Its current p/e was nearly 117. Its relative strength index was at 75. Above 75 suggests the stock is overbought and vulnerable to a shock. Broadcom has $66 billion in long-term has toyed with the idea of buying (INTC) , which would be a challenge if it can't sell Intel's foundry business. 2025 has been a gut-wrenching year, as everyone knows, especially President Trump who saw the S&P 500 fell 10.5% in the two days after April 2, aka Liberation Day, when he announced his tariff proposals. Markets Friday were barely changed. So are markets in 2025. The Dow is barely positive. The S&P 500 is off 0.6%, and the Nasdaq is off 1%. The small-cap Russell 2000 index is down 7.4%. The short answer: Ask President Trump. He's already has accused China of violating a tariff pause agreed to earlier this month in Switzerland. (Huge tariffs are suspended on expectation for a trade deal on July 9.)At a rally in Pittsburgh Friday, he vowed plans to impose 50% tariffs on steel administration is scrambling to fight off a court decision that declared most of his tariff plan unconstitutional. That fight is likely to land before the Supreme Court. The first hint of where investors see the market and global economy headed this coming week will come Sunday when futures trading opens at 6 p.m. ET. Technology company Credo Technology Group (CRDO) , after Monday's close. Soup maker Campbell Company (CPB) , before Monday's open. Crowdstrike Holdings (CRWD) , after Tuesday's Dollar General (DG) , before Tuesday's Dollar Tree (DLTR) , before Wednesday's open. Database company MongoDB (MDB) , after Wednesday's close. Retailer lululemon athletica (LULU) , after Thursday's company DocuSign (DOCU) , after Thursday's beverage company Brown-Forman (BF.A) and (BF.B) , before Thursday's (GME) , before Friday's open. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Wire
27-05-2025
- Business
- Business Wire
Cintas Corporation Recognized by Forbes as One of America's Best Employers for New Grads 2025
CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) has been named to Forbes' list of America's Best Employers for New Grads 2025. This award, presented in collaboration with Statista, highlights Cintas' dedication to fostering a workplace where recent graduates can thrive, grow, and make a meaningful impact from day one. 'We are grateful to be recognized by Forbes as one of America's Best Employers for New Grads,' said Todd Schneider, President and CEO of Cintas. 'We take pride in being recognized for our commitment to cultivating a work environment that creates and supports young professionals, enabling them to excel in their careers. Young professionals face unique obstacles, and that's why it is imperative that we provide the necessary tools and a clear pathway toward both professional and personal success.' America's Best Employers for New Grads 2025 were identified in an independent survey of over 100,000 U.S. young professionals (employees who have less than 10 years of work experience) working for companies employing at least 1,000 people within the U.S. The final score is based on two types of evaluations: personal (those given by employees themselves) and public (those given by friends and family members of employees, or members of the public who work in the same industry), with a much higher weighting for personal evaluations. One of Cintas' key programs for young professionals is the Management Trainee (MT) Program. This program offers immersive, hands-on training across all company operations, supplying trainees with essential personal development to position them for a successful career. After finishing the MT program, trainees are prepared to leverage their strengths and enhance their career advancement. Additionally, Newsweek has recently included Cintas in its list of America's Best Workplaces for Gen Z 2025. This recognition further underscores Cintas' commitment to the well-being and growth of its young professionals. About Cintas Corporation Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers' facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor's 500 Index and Nasdaq-100 Index.
