Despite a strong job market, human resources and employment services stocks have taken a beating lately. That could signal an economic slowdown ahead. Since March 1, the S & P 1500 Composite Human Resource & Employment Services Sub-Industry has seen accelerated underperformance versus the broader S & P Composite 1500 index. The former is down 12%, while the latter is up 4.5%.
and Korn Ferry reached fresh 52-week lows in the past month. On Wednesday, UBS initiated coverage on Robert Half International with a buy rating and a target price of $82. This implies 26% upside from Wednesday's close. Only Kelly Services is positive since March 1 and year to date. — CNBC's Michael Bloom contributed reporting.
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