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Paychex Is Immune To The Global Systemic Woes

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It is no doubt that the labor market is strong and the Paychex (NASDAQ: PAYX) result proves it. While there are still lingering issues with the labor market, employment conditions have surpassed pre-COVID levels and have companies like PayChex and Cintas on track for sustained growth. What this means for investors in these troubled times is a stock with far less exposure to the woes plaguing the S&P 500 than many others in the market. If you’re looking for a place to park some money with an expectation for growth, dividends, and dividend growth Paychex is a fine choice.

Paychex’s fiscal Q1 earnings report gives evidence of something we've been expecting for the last few quarters and that is leverage. While the average receipt per client fell at the height of the pandemic the number of clients grew. Now, with workforces slowly rebuilding to........

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