Paychex Set to Rally on Rate-Rise Forecasts: EcoPulse
Shares of Paychex Inc. (PAYX:US) are poised to outpace the broader market as the prospect of higher interest rates and more job creation will buoy the payroll-service provider. The company generates income from the interest earned on money it holds for clients, a so-called float, so rising Treasuries yields are “pure gravy” to its net…