Automatic Data Processing Inc. (ADP)
Investors Wait for Key Fed Member's Speeches
Investors Wait for Key Fed Member's Speeches.
Carter Funeral Suspends Stock Market; What to Expect Friday
Expectations are for 155K jobs to have been filled in December, with an Unemployment Rate holding steady at +4.2%.
December Private Sector Payrolls Lowest Since August
December Private Sector Payrolls Lowest Since August.
ADP Numbers Lowest Since August; Initial Claims Also Down
+122K new private-sector jobs filled in December is below expectations for +136K and the previous month's unrevised +146K.
Markets Swing to Negative on Healthy Econ Data (& Higher Bond Yields)
Both the S&P 500 and Nasdaq lost their two-day winning streak, -1.11% and -1.88%, respectively today.
Key Labor Market Data to Deluge This Week
Key Labor Market Data to Deluge This Week.
Automatic Data Processing, Inc. (ADP) 51st Annual NASDAQ Morgan Stanley Investor Conference (Transcript)
Automatic Data Processing, Inc. (NASDAQ:ADP ) 51st Annual NASDAQ Morgan Stanley Investor Conference December 10, 2024 3:00 AM ET Company Participants Don McGuire - Chief Financial Officer Conference Call Participants Michael Infante - Morgan Stanley Michael Infante Hi, everyone. Thanks for joining us.
Jobless Claims Increased More Than Expected
The final Jobs Week of 2024 continues this morning, with Weekly Jobless Claims reporting mixed results, whether we're looking at new claims or longer-term ones. Pre-market futures have not budged from prior to these new numbers hitting the tape, and at this hour, market indexes are rolling back those fresh all-time closing highs that have been the narrative of the week so far.
Jobless Claims Mixed, Trade Deficit Slimmer
Both Initial and Continuing Jobless Claims are still representative of a healthy labor situation overall.
17 Upcoming Dividend Increases, Including A King
With the holiday season underway, I present 17 companies with dividend increases for 2024, including Becton, Dickinson, and Company, a dividend king with a 52-year streak. My strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. I prioritize companies with strong historical returns and high 10-year dividend growth rates, comparing them against the Schwab U.S. Dividend Equity ETF.
More All-Time Closing Highs on Big Day for Data
We had a busy morning with economic data today, not only with the lower-than-expected private-sector payroll data from ADP (ADP) ahead of the open, but monthly Services PMI and Factory Orders, as well. We even saw a new Beige Book this afternoon.
ADP +146K: Lighter than Expected
Manufacturing shed -26K positions in November, another hard reality for an already struggling sector of the economy.
