A not so cloudy cloud SW stock
In the recent full of mines environment is very hard to find opportunities , without being ready to sustain the possible short term pain. But in harsh conditions and even worse than this of the last days, there is a real chance to identify some real gems. One of this, is Paylocity Holding Corporation (PCTY) which is a cloud SW firm providing payroll & human resources management services. The stock now at 101.42 got a green flag from our stock selection quantamental model based on fundamentals & technical factors as inputs. It has a 85% chance of outperforming the market in the next 3-6 months, even though it had a run of more than 65% in 2019. We would suggest opening a small position and add gradually to it, if the market stabilizes and our hypothesis starts working.