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Provider of Payroll Outsourcing Solutions Set to Release Q3 Earnings Wednesday

July 22, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer says he’s keeping an eye on Paychex Wednesday as the company releases third quarter earnings before the market opens. Cramer says Paychex, the provider of payroll outsourcing solutions, is the ultimate barometer on small business. If small business is doing better, then you’re going to continue to have this employment gain because that’s who does most of the hiring in the country, not the big businesses, he explains. He says look to Paychex to get a real read on the economy. The stock has had solid momentum the last few months, thanks to strength in the U.S. job environment.

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