Jim Cramer Reveals The ‘North Star’ Of Investing & Discusses These 10 Stocks

8. Paychex, Inc. (NASDAQ:PAYX)

Number of Hedge Fund Holders In Q4 2024: 36

Paychex, Inc. (NASDAQ:PAYX) provides businesses with different services such as payroll processing and regulatory compliance. As a result, its stock is dependent on overall economic activity and particularly the labor market. Paychex, Inc. (NASDAQ:PAYX)’s shares have gained 9% year-to-date after having recovered their 11% dip after the Liberation Day tariff announcements. Here’s what Cramer said about the firm:

“[On telling GDDY being a proxy for small business] Again, by the way, they [GDDY] are fantastic, at what they do, so, if I didn’t see the small business index and Paychex do so well, I would say this. This is kind of like ADP. I mean was ADP a head fake? Was it a misdirection play yesterday? Maybe GoDaddy’s a misdirection play, when I see this, the Paychex data.”