Jim Cramer Discussed These 9 Stocks Recently

2. Paychex, Inc. (NASDAQ:PAYX)

Number of Hedge Fund Holders: 36

Paychex, Inc. (NASDAQ:PAYX) was mentioned during the episode, and here’s what Cramer had to say:

“Another’s Paychex… Paychex works with small and medium-sized US businesses… and they offer all sorts of services, services being precisely the kind of thing that won’t be hit by tariffs. Remember, you may think that’s a low bar, but think again. So many of our major companies have expanded overseas that the sea of the S&P 500 is pretty much blanketed with mines and we have very pure public service companies.”

Paychex (NASDAQ:PAYX) provides comprehensive human capital management services, such as payroll, HR, benefits, insurance, and retirement plan administration, primarily catering to small and medium-sized businesses. In January, Cramer discussed the company as he said:

“I had John Gibson on recently. He’s the CEO of Paychex. And this is the largest payroll processor for small to medium sized businesses. Here’s what the Fed did wrong. Here’s what the Fed did wrong. Here’s what the Fed did wrong. They didn’t, he just got, a Fed advisor, John. The small business outlook post the election was astonishing. And the amount of hiring post the election was incredible. But that was not in any of the models. What J Powell [inaudible] sit around and say, listen if Trump wins we gotta stop, stop cutting? But that was the key fulcrum. What small business, the backbone of the US economy I may add, and we got that wrong. Everyone got it wrong except for Gibson because he was looking at the Paychex stubs. And he saw the hiring explosion.”