From Nasdaq: 2025-06-06 18:56:00

The stock market saw a boost on Friday after U.S. employers added 139,000 jobs in May, beating expectations, with the S&P 500 and Nasdaq rising over +1%. Wage growth outpaced inflation, with average hourly earnings rising 3.9% year over year. Payroll stocks like PCTY and MMS are worth considering.

Paylocity PCTY has consistently beaten earnings expectations, while Maximus MMS is benefitting from rising EPS revisions. Other stocks to watch include Dayforce DAY and Paychex PAYX, as well as Barrett Business Services BBSI. Healthcare and hospitality stocks are appealing following strong job growth in those sectors according to the latest jobs report.

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Read more at Nasdaq: Stocks to Watch as May’s Jobs Report Beats Economists’ Expectations: PCTY, MMS