Paycom Software (PAYC) is on track with its expansion of regional offices — a move expected to build up its direct-sales strategy, one analyst said Thursday. X The maker of human-resources and payroll-processing software has been adding regional offices to target small- and medium-size business customers. Paycom has added four regional offices so far this year vs. three in 2017. It has 49 regional offices and aims to grow the number to 90. The effort is part of a battle that Paycom is waging with service bureaus Automatic Data Processing (ADP) and Paychex (PAYX) for customers. "Even within some of its most mature markets, the consistency of the company's direct-sales office continues to impress," KeyBanc Capital Markets analyst Brent Bracelin said in a note to clients. "Even though Tulsa resides in the 54th largest area and it competes directly against ADP and Paychex offices, the Tulsa location was the second-highest performing office last quarter." … [Read more...] about Paycom Stock Boost Seen From Direct-Sales Expansion, More Offices
Ipo vs direct listing
Despite the tech-driven sell-off on Thursday, top stocks continue to mostly hold above recent buy points. These three stocks are in or near buy zones in the stock market today ahead of the Fed's interest-rate decision and the Trump-Kim summit at 9 a.m. ET Monday. Meanwhile, Twitter (TWTR) stock has made strong gains since a cup-with-handle breakout on May 21 and is in the potential profit-taking range. The stock was featured in the May 21 Stocks Near A Buy Zone column. X Spotify (SPOT) is trading just under an initial base's 171.33 buy point after a breakout Friday. Shares fell slightly midday Monday. Shares dropped almost 6% on May 3 after the company's first quarterly earnings release disappointed investors. But after an eight-day win streak, the stock is right at its post-IPO highs. The company went public April 3 using a direct listing approach. After losing $8.11 per share last year, analysts expect the streaming music leader's annual loss to decline … [Read more...] about 3 Top Stocks Near Buy Zones; Time To Take Profits In Twitter?
The biggest oil stocks may be about to hit the next oil bonanza after initially missing the shale boom. Consider this: Crude prices can fall to $35 a barrel, less than half current levels, and Royal Dutch Shell (RDSA) could still profit off a deepwater oil project in the Gulf of Mexico. X Shell gave the final green light to the Vito project in April, after slashing development costs by 70%. A month later it announced a deepwater oil discovery, also in the Gulf. This isn't a coincidence. The oil major plans to boost deepwater oil production by over 200,000 barrels of oil equivalent per day, to more than 900,000 by 2020. This comes even as Shell also ramps up shale activity in places like the Permian Basin. Oil companies are again looking at deepwater projects, which are notoriously expensive and were ripe targets for cuts after crude collapsed in 2014. But deep-pocketed giants like Shell, Exxon Mobil (XOM) and Chevron (CVX) are now uniquely positioned to capitalize on … [Read more...] about Why The Next Oil Bonanza Could Be Deep Under Water
Square (SQ), Mastercard (MA), Visa (V), PayPal (PYPL) and Verisk Analytics (VRSK) held up nicely Tuesday even as financial stocks overall tumbled from Italy's political woes. X Shares of Goldman Sachs (GS), JPMorgan Chase (JPM), Citigroup (C), Morgan Stanley (MS) and Bank of America (BAC) tumbled between 4% and 6% each as investors sought safety in U.S. Treasurys, pushing the rate on the benchmark 10-year note down to 2.79%. The two-year yield skidded, but not as much, to 2.34%, squeezing the yield spread and banks' profitability on loans. But the turmoil left financial stocks with less exposure to falling interest rates relatively unscathed. Visa and Mastercard, for example, oversee vast payment networks but don't issue credit cards directly, unlike fellow Dow Jones components JPMorgan and American Express (AXP). That means they aren't exposed to lower rates or credit risk directly. Payments firms PayPal and Square also are largely insulated from interest rates, … [Read more...] about These 5 Top Financial Stocks Held Up In Sector Sell-Off: Here’s Why
Dow Jones futures fell slightly overnight along with S&P 500 futures and Nasdaq futures after an Apple (AAPL) rally failed to lift the major stock market averages on Wednesday. Tesla (TSLA) and Apple Music-rival Spotify (SPOT) fell late. Square (SQ) sold off late on weak guidance, following PayPal (PYPL) diving below a key technical level, as "old" payment stocks stood out. Meanwhile, Big Data software maker Tableau (DATA) soared on strong revenue, signaling a likely breakout Thursday. X Apple Fails To Lift Stock Market The Nasdaq rose modestly for much of Wednesday's session, fueled by Apple's 4.4% gain. But the Dow Jones and S&P 500 never made much progress, even though Apple is the top weight in those indexes as well. Stocks lost ground following the Fed meeting, even though policymakers left Fed interest rates steady and offered few surprises. The Nasdaq fell 0.4%, while the S&P 500 and Dow each slid 0.7%. Apple failed to lift stock market indexes because the tech titan … [Read more...] about Dow Jones Futures: These 3 Big Techs Tumble; This Big Data Stock Signals Breakout