On Fridays during earnings season, Jim Cramer identifies key stocks that are reporting in the upcoming week. Jim noted that on Wednesday we get numbers from Paychex (PAYX) , the small business payroll processor that has seen its shares cut nearly in half as many small businesses cease operations.
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Shares have rebounded smartly to challenge the declining 50-day moving average line.
The detrended Rydex ratio remains very bullish.
When I scan the restaurant space, I remain perplexed, wondering not only when they might be able to reopen, but also how quickly consumers will come back, and to what degree?
This is still a very difficult market for individual stock picking as the action is strongly correlated.