US Markets are fighting a wave of odds in recent weeks. Treasury Yields are rising. US Dollar is also moving higher. Among the
leading US benchmarks there is a wide variation in price performance so far year to date.
SPY - S&P 500 tracking ETF is up just +1.68% whereas
the DIA - Dow 30 ETF is down -0.15%. The QQQ - Nasdaq 100 Tracking ETF is performing exceedingly well in comparison leading by a wide
margin - up an astonishing +7.5%. The QQQ has a wide exposure to Technology oriented stocks.
The Quarterly Earnings Season is in full swing. A wide range of hits and misses are being seen. Amid this backdrop, this week we found
PAYX - Paychex, Inc. to be attractively positioned for further upside. This payroll processing company is sporting solid
fundamentals with steady Q-o-Q and Y-o-Y earnings and revenue growth.
From a technical standpoint, PAYX has been logging a higher-high for the past 4 weeks and managed to close above its 40-week SMA as of this
week's close. The 40-weem SMA slope is also on an incline which is a technical positive.
PAYX will pay a quarterly dividend of 56 cents on Thursday for shareholders of record as of 5/9/2018. A dividend yield of 3.46% is impressive.
The next quarterly earnings report date is not available as of now. Self-directed investors may want to keep an eye on this steady performer and add to their watch list.
Self-directed investors will want to perform more research on this stock to see how appropriate this is for their own portfolios.
Good Luck and Happy Investing!