10,968,895+$9.52+7.32%$139.51[Enphase Energy][ENPH]• Vol: 5,731,126+$2.31+5.22%$46.56[Extra Space Storage][EXR]• Vol: 2,265,944+$6.66+4.56%$152.75[Expand Energy][EXE]• Vol: 5,913,083+$4.21+4.05%$108.06[Google][GOOGL]• Vol: 53,305,417+$12.13+4.01%$314.98## Top Losing Stocks[Akamai][AKAM]• Vol: 15,813,777-$15.4214.07%$94.17[CrowdStrike][CRWD]• Vol: 8,360,119-$33.547.95%$388.60[Oracle][ORCL]• Vol: 29,619,522-$8.465.40%$148.08[Paycom Software] [PAYC]• Vol: 1,936,773-$6.014.98%$114.71[Datadog][DDOG]• Vol: 4,548, ...

Social Security's Disappointing 2026 COLA: The Numbers Don't Lie - 24/7 Wall St.[S&P 5006,914.00 +0.78%][Dow Jones49,633.70 +0.54%][Nasdaq 10025,028.00 +0.99%][Russell 20002,665.63 +0.12%][FTSE 10010,735.40 +0.51%][Nikkei 22557,120.50 +0.05%][Investing]# Social Security's Disappointing 2026 COLA: The Numbers Don't Lie### Quick ReadThe 2.8% COLA is significantly smaller than the 8.7% in 2023 and 5.9% in 2022.Medicare premiums rising from $185 to $202.90 will consume a substantial portion of the benefit incre ...

headquarters, making it a state that is heavily anchored by government spending and the well-paying jobs that often come with it.## 3. New Mexico- $21,481 per residentReceiving approximately $21,481 per capita in federal obligations, New Mexico is a big recipient of national defense and energy research with facilities like Los Alamos National Laboratory and other military installations. Of course, it doesn't hurt that New Mexico has a low cost of living, where retirement income stretches a little bit furthe ...

Core Insights - California's effective property tax rate is 0.74%, lower than the national average of 0.99%, but high home values lead to substantial tax bills [1][2] - Proposition 13 caps property tax increases at 2% annually, but new buyers face taxes based on full market value, creating disparities in tax burdens across counties [1][2] Property Tax Overview - The median annual property tax in Marin County is the highest in California at $5,500, with a median home value of $1.47 million and an effective tax rate of 0.63% [2] - Santa Clara County has a median property tax of $4,694, with a median home value of $1.94 million, reflecting an effective rate of 0.75% [2] - San Mateo County, with the highest median home value over $2 million, has a median property tax of $4,424, showcasing the impact of Proposition 13 [2] County Rankings - Orange County ranks 10th with a median annual property tax of $3,404 and a median home value of $1.2 million [1] - Alameda County, home to Oakland and Berkeley, has a median property tax of $3,993, reflecting an effective rate of 1.21% [1] - San Francisco County has a median property tax of $4,311, driven by high home values and additional voter-approved bonds [1][2]

Core Insights - Reinhart Partners disclosed a significant purchase of Paycom shares, acquiring 537,726 shares valued at approximately $95.28 million based on quarterly average pricing [1][2] Company Overview - Paycom provides cloud-based human capital management (HCM) software through a SaaS model, offering comprehensive workforce management solutions for small to mid-sized businesses in the United States [5][7] - The company's revenue for the trailing twelve months (TTM) is $2.00 billion, with a net income of $453.20 million and a dividend yield of 1.3% [4] Recent Performance - As of February 10, 2026, Paycom shares were priced at $124.94, reflecting a decline of 38.5% over the past year and trailing the S&P 500 by 53.0 percentage points [3] - The value of Reinhart Partners' stake in Paycom increased by $82.74 million compared to the prior period, influenced by both share purchases and market price changes [2] Market Context - Paycom's stock has experienced a significant decline of approximately 70% since 2021, attributed largely to the emergence of artificial intelligence (AI) impacting traditional software products [8] - Revenue growth for Paycom has slowed from 30% in 2021 to under 10% in 2025, raising concerns about the sustainability of its business model in the face of AI advancements [9]

Core Insights - Paycom Software, Inc. has revealed findings from a commissioned study by Forrester Consulting, which examines the projected benefits of its AI engine, IWant™ [1] Group 1: Company Overview - Paycom is a leading provider of comprehensive, cloud-based human capital management software [1] Group 2: Study Findings - The Forrester study indicates that a composite organization, representative of interviewed Paycom clients, is projected to receive a three-year return on investment [1]

Market Overview - U.S. stock futures are showing modest gains, with Dow Jones futures up approximately 0.3% to 0.4%, S&P 500 futures climbing around 0.3%, and Nasdaq Composite futures advancing by about 0.2% to 0.3% [2] - Major U.S. indexes ended largely flat or slightly lower, with the S&P 500 down less than 0.1%, Dow Jones dipping 0.1% to 50,121.40 points, and Nasdaq declining 0.2% to 23,066.47 points [3] Economic Data - A robust U.S. Labor Department report indicated that employers added 130,000 jobs in January, significantly exceeding forecasts, which tempered expectations for near-term Federal Reserve interest rate cuts [3] - Upcoming economic data includes initial jobless claims and existing home sales, which will provide insights into the U.S. labor market and housing sector [4] - The most anticipated economic event is Friday's Consumer Price Index (CPI) inflation report for January, which could influence Federal Reserve policy decisions [5] Corporate News - Cisco Systems (CSCO) shares fell approximately 7% to 8% due to weak quarterly guidance and lower gross margins, impacting the broader technology sector [6] - McDonald's (MCD) shares slipped slightly despite beating earnings estimates, indicating investor concerns about other aspects of its report [7] - Robinhood Markets (HOOD) experienced an 8.8% drop after revenue fell short of forecasts and concerns about its 2026 expense outlook [7] - Moderna (MRNA) saw its stock fall 3.5% after the FDA refused to review its application for a new flu vaccine [8] - Kraft Heinz (KHC) shares rose 0.4% after announcing a pause in plans to split the company and revealing a $600 million investment [8] - Unity (U) plunged over 25% in premarket trading despite strong fourth-quarter results due to disappointing first-quarter revenue guidance [9] - Micron Technology (MU) stock soared nearly 10%, leading a rally in semiconductor stocks globally [10] - Other notable premarket movers include Equinix (EQIX) gaining 8.64% and Sandisk (SNDK) up 6.07%, while Rollins (ROL) dropped 12.50% and Paycom Software (PAYC) fell 8.22% [11] International Market Movements - Siemens AG (SIEGY) rallied over 6% after boosting its 2026 outlook, while EssilorLuxottica SA (ESLOY) surged 10% on strong demand for AI-powered glasses [12] - Schroders Plc (SDR.L) jumped 30% on news of its acquisition by U.S. peer Nuveen [12] Sector Performance - Among the "Magnificent Seven" tech stocks, Nvidia (NVDA) and Tesla (TSLA) posted modest gains, while Alphabet (GOOGL) declined 2.4% [13] - Energy sector stocks saw gains, with Exxon Mobil (XOM) rising 2.6% and Smurfit Westrock (SMFT) surging 9.9% [13] Market Sentiment - The market remains focused on the interplay between economic data, corporate performance, and the Federal Reserve's potential path for interest rates, with trading likely influenced by ongoing assessments of these factors [14]

Comments today from Kansas City Fed President Jeff Schmid were bearish for stocks and bonds when he said, "In my view, further rate cuts risk allowing high inflation to persist even longer," so the Fed should hold rates at a "somewhat restrictive" level.The annual benchmark revision to 2025 US payrolls subtracted -862,000 jobs, a larger revision than the -825,000 expected.US Jan nonfarm payrolls rose +130,000, stronger than expectations of +65,000 and the most in 13 months. The Jan unemployment rate unexpec ...

Paycom Software, Inc. (NYSE:PAYC) is included in our list of the 14 oversold value stocks to invest in right now. Guggenheim Bullish on Paycom Software (PAYC) Despite Weak Share Price Performance On February 3, 2026, Paycom Software, Inc. (NYSE:PAYC) traded at its 52-week low of $124.08, down significantly from its 52-week high of $267.76. Currently trading at $131.41, the stock is just 7% above its 52-week low. Amid weak investor momentum, Paycom Software, Inc. (NYSE:PAYC) received Guggenheim’s attenti ...

Core Thesis - Paycom Software, Inc. presents a compelling investment case focused on margin expansion rather than just revenue growth, driven by its unique business model that enhances profitability over time [2][6]. Company Overview - Paycom Software, Inc. offers a cloud-based human capital management (HCM) solution as software-as-a-service for small to mid-sized companies in the U.S. [2]. Business Model and Dynamics - The company's employee self-service payroll system, Beti, allows employees to handle routine payroll corrections and HR tasks, leading to reduced support costs and stable or increasing pricing [3]. - As customers become more familiar with Paycom's workflows, the company experiences a decline in servicing costs and an increase in gross margins from approximately 70-75% at initial adoption to 80-85% for mature customers [3]. - Beti also raises switching costs for customers, as transitioning to a new vendor involves significant data migration and retraining, which can outweigh implementation costs [4]. Competitive Advantage - Paycom captures a growing share of industry profits despite overall cost reductions in payroll and HR services, benefiting from a "deflationary profit pool" [5]. - The company's model is particularly effective in the mid-market segment, where customer sophistication enhances margins and retention [6]. Market Performance - Paycom's stock price has decreased by about 40.73% since previous coverage due to valuation compression and payroll revenue pressure, but the current analysis emphasizes margin expansion and reverse operating leverage as key strengths [8].