Automatic Data Processing, Inc. (ADP)
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.
Gold prices continue to consolidate as ADP says 146K jobs created in November
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.
Markets Await More Economic Data
Pre-market futures are flat as a pancake at this hour, with none of the major indexes either up or down 0.1% currently. We're still a day away from early morning jobs data, which starts tomorrow with private-sector payrolls for November from Automatic Data Processing ( ADP ).
Wall Street Awaits Jobs Data
It's the final Jobs Week of 2024 this week, and as such holds particular importance for the Fed, who will decide on forward monetary policy based partly on the health of the U.S. labor market. Last month, we saw a huge gap between private-sector payrolls from ADP ( ADP ) coming in at +233K new jobs filled, and the U.S. government's Employment Situation report only brought in +12K positions.
Why Is ADP (ADP) Up 6.1% Since Last Earnings Report?
ADP (ADP) reported earnings 30 days ago. What's next for the stock?
Automatic Data Processing: Buy This Dividend King Near All-Time Highs?
ADP is a global leader in HCM solutions with a sticky business model, making it a relatively stable investment option. Recent performance showed robust revenue and EPS growth, driven by client acquisitions, high retention rates, and favorable interest income on client funds. ADP's 50-year dividend growth streak and modest but consistent share repurchase program offer additional value for long-term investors.
Automatic Data Processing: A Powerful New Dividend King Is Born
Automatic Data Processing's 10% dividend hike earlier this month made it the newest addition to the vaunted Dividend Kings. The company's revenue and adjusted diluted EPS exceeded analysts' expectations for its fiscal Q1. ADP's balance sheet is a financial fortress.
