Consumer staples stocks are solid insurance policies in frothy markets ripe for corrections. Surprisingly, the sector hasn’t played its shielding role over the past six months as it tumbled 11.6%. This drawdown was especially disheartening since the S&P 500 held steady.
3 Services Stocks Walking a Fine Line
Business services providers play a critical role for enterprises, assisting them with everything from new hardware integrations to consulting and marketing. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check, and over the past six months, the industry has tumbled by 1.1%. This performance was disheartening since the S&P 500 held steady.
1 Services Stock to Target This Week and 2 to Ignore
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check, and over the past six months, the industry has tumbled by 1.1%. This drawdown was disheartening since the S&P 500 held steady.
Cintas (NASDAQ:CTAS) Reports Q1 In Line With Expectations
Uniform and facility services provider Cintas (NASDAQ:CTAS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 8.4% year on year to $2.61 billion. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $10.29 billion at the midpoint. Its GAAP profit of $1.13 per share was 7.1% above analysts’ consensus estimates.
Paychex (NASDAQ:PAYX) Reports Q1 In Line With Expectations
Payroll and human resources software provider, Paychex (NASDAQ:PAYX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 4.8% year on year to $1.51 billion. Its non-GAAP profit of $1.49 per share was 0.7% above analysts’ consensus estimates.
Four New Crypto Roundtables Planned by SEC: Focus on Trading, Custody, Tokenization, and DeFi
The U.S. Securities and Exchange Commission (SEC) has announced plans to host four more roundtables focusing on various aspects of crypto, including trading, custody, tokenization.
Fed president says a ‘major red flag’ will be if gloomy inflation expectations spread from consumers to Wall Street
Federal Reserve Bank of Chicago President Austan Goolsbee said if long-term inflation expectations are raised by the market, this could become a self-fulfilling prophecy.
Bitcoin Market Could Heat Up as BTC Price Approaches $90K
The level will remain a potential area of volatility following Friday's quarterly options settlement.
Bond Markets Draw Rush of Issuers Before Trump’s Tariffs Hit
(Bloomberg) -- Borrowers are piling into bond markets to get deals done ahead of US President Donald Trump’s plans to impose global tariffs on April 2.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.How SUVs Are Making Traffic WorseParis Votes to Make 500 More Streets Car-FreeIssuers are using this week’s relative market calm to push ah
5 Things to Know Before the Stock Market Opens
News of the day for March 26, 2025