From Nasdaq: 2025-03-28 18:59:00

Investors are eyeing human capital management (HCM) stocks amidst trade war fears and hot PCE data. Paychex and ADP offer payroll services with steady growth projections for 2025 and 2026. Cintas, up 11% YTD, provides specialized business services and exceeded Q3 expectations. HCM stocks have outperformed the market despite tariff challenges.

Paychex CEO Gibson notes a healthy labor market with no recession signs, while moderate job and wage growth boost Paychex performance. ADP’s cloud-based HCM services are also projected to see growth in revenue and earnings in the coming years. Both stocks have gained in 2025 despite market volatility.

Investors may find defensive hedge in payroll stocks like PAYX and ADP, up 7% and 3% YTD respectively, as broader indexes face declines. Cintas, up 11% YTD, continues to exceed earnings estimates and provide valuable insight into the market. HCM stocks have shown resilience in the face of economic challenges.

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Read more at Nasdaq: Consider These Human Capital Management Stocks Amid a Resurgence in Market Volatility