We started out this morning in the green across the board, but now see the Dow and S&P 500 lower.
We started out this morning in the green across the board, but now see the Dow and S&P 500 lower.
Private sector job growth slowed in February amid employers' concerns about an uncertain economic outlook, ADP said Wednesday (March 5).
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Private Payrolls Grow More Than Expectation in January.
ADP unveiled +183K new private-sector jobs last month -- well ahead of the +150K expected.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Automatic Data Processing is a Dividend King whose future dividend growth prospects remain promising. The company's revenue and adjusted diluted EPS climbed higher in its fiscal Q2. ADP boasts an AA- credit rating from S&P on a stable outlook.
Automatic Data Processing has benefited from increased demand for HCM solutions post-COVID-19, while maintaining high liquidity and cautious market expansion to sustain growth and minimize risks. Despite being consistently expensive, ADP's stock price is driven by solid fundamentals, including impressive margins, stable liquidity, and strategic market positioning. ADP faces potential risks from AI advancements but can adapt by enhancing its solutions and leveraging improving macroeconomic indicators and hybrid work trends.
Exceeding their quarterly expectations on Wednesday, here are three top-rated Zacks stocks to consider after posting pleasant EPS surprises.
Automatic Data Processing (ADP 1.46%) stock is gaining ground Wednesday despite pressures from the broader market. The company's share price was up 1.7% as of 3:30 p.m.
Improved segmental performances aid ADP's second-quarter fiscal 2025 top line.