Personnel Software Defies Tech Sell-Off – Leader Stock Paycom Software is My Favorite

When the overall market is weak, I pay particular attention to new leader stocks. The recent tech sell-off highlights the relative strength of personnel software stocks. Gartner predicts global spending on human resource management software will exceed $78 billion by 2030. Key drivers include the modernization of outdated systems and increasingly autonomous AI agents. TD Cowen cites stable demand, rising bond yields, and stabilized employment data in the 2nd quarter as reasons for the sector's current strength. I find it particularly interesting...