One of the most common words being used to describe the new administration in Washington is "chaos." When there's chaos in public policy, including border walls and immigration bans, chaos in the financial markets will often follow.
But is there a way to guarantee your profits no matter what happens? Where should value investors look? One good choice is Paychex (PAYX) , a Rochester, N.Y.-based provider of payroll, human resource and benefits outsourcing solutions for small and medium-sized businesses.
The provider of payroll processing services offers an in-demand service in good times and bad. It is particularly strong in the small- and medium-sized business segment, and its dividend yield has been solid.
Value stocks like this are essential elements in a well-balanced retirement portfolio.
First, here's a look at the latest economic numbers. U.S. economic growth slowed to a 1.9% annual rate in the final quarter of 2016. Analysts had expected a slowdown, but not by that much. For all of 2016, growth was 1.6%, the lowest figure since 2011.
But the economic expansion is not ending. Consider that U.S. businesses increased their investment in industrial machinery, semiconductors and other big-ticket items last month, with demand for factory goods rising.