10 Stocks for an All-American Portfolio

These names can make patriotism profitable

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10 Stocks for an All-American Portfolio

Paychex

paychex 10 Stocks for an All American PortfolioSector: Information Technology
YTD Performance: +18%

America isn’t all about blue-chip corporations like Verizon, though, and that’s precisely why Paychex (PAYX) is a natural choice for the technology representative in our portfolio.

Paychex is an American success story if there ever was one. It started as a one-man shop in 1971 and has since grown to a $2 billion-a-year business that’s run out of more than 100 offices all across the country. Paychex provides payroll, human resource and benefits to small-to-medium-sized businesses — the backbone of America.

Small business has made for good business, too; Paychex has maintained or improved earnings for more than 12 straight quarters.

And while shares took a dip recently thanks to flat income and a not-so-hot outlook, PAYX still is an outperformer so far this year, beating the S&P 500 by 5 percentage points.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/10-stocks-for-an-all-american-portfolio/.

©2014 InvestorPlace Media, LLC

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