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2 Staffing Stocks to Target Despite the Bottleneck in Hiring

by | Aug 6, 2021 | Uncategorized

Private employment only increased by 330,000 jobs in July, down from an initial estimate of roughly 700,000. At least, that’s what Wednesday’s ADP National Employment Report is telling us. 

I know we’re all wondering what the heck’s up with that. 

Well, Nela Richardson, chief economist at ADP, noted that the labor market recovery continues to show “uneven progress,” and that bottlenecks in hiring are holding back stronger gains in employment. 

Here’s the bottom line: There’s some low-hanging fruit in the staffing industry. 

So it’s a good thing I managed to get my hands on two staffing stocks set to gain despite the fall in private jobs. 

2 Staffing Stocks Set to Gain Despite Jobs Numbers 

The first staffing stock set to gain from the fall in private employment is Insperity Inc. (NYSE: NSP).

This company is formerly known as Administaff, and it provides an array of human resources and business solutions to small- and medium-sized companies such as employment screening, recruiting and retirement services. 

NSP’s one-year return is about 43%. 

Its market cap is only about $3.8 billion, which means it has an abundance of upside potential… In fact, it has a lot more power than a $50 billion giant. 

And if you look at its nine-month chart, you’ll notice that NSP just made a brand-new high. 

I mean, there aren’t any coincidences on Wall Street. 

I like NSP’s upward trend and how its 50-day moving average is trading well above its 200-day MA. And the best part is that if you look at it’s one-year chart, it’s still bullish!

Earnings surprises have been positive for the past four quarters, so I have a profit target of about $120 per share on the stock over the next quarter. 

Check out my short video below to hear all about NSP and the next staffing stock set to gain from the bottleneck in hiring. 

Don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video! 

P.S. I’m willing to bet most traders don’t know about the few dozen stocks that have gone up on the same calendar dates every year over the past decade.

That’s because very few people have even heard about these predictable calendar dates. 

But by tapping into them, everyday traders have the chance to lock in consistent winners all year long — no matter what’s going on in the broader stock market! 

These names don’t give a rip about the news, earnings, the U.S. Federal Reserve or what anyone has to say. 

Legendary trader Tom Busby and I are pulling back the curtain on this proprietary stock “calendar,” and we wanted to make sure our readers had the chance to learn more about it. 

Click here now!

WRITTEN BY<br>Roger Scott

Roger Scott

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