Nonfarm Payrolls Exceed Estimates in June.
Headline job gains from BLS have come in at +147K -- above the consensus estimate of +110K and the upwardly revised +144K for May.
Private Payrolls Unexpectedly Came in Negative in June.
Currently, it's white-collar jobs that are disappearing, which may be surprising to some.
Here is how Automatic Data Processing (ADP) and Adyen N.V. Unsponsored ADR (ADYEY) have performed compared to their sector so far this year.
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.
Gold stalls near $3,358 as ADP and NFP data loom. Silver trades sideways at $36.04.
Manufacturing PMI, Construction Spending and the start of "Jobs Week" data await today's stock market.
Wall Street Set to Close Strong a Turbulent 1H 2025.
We initiate Automatic Data Processing with a strong buy and $296.5 PT, seeing market skepticism as overdone versus ADP's resilient earnings and recurring revenue moat. ADP's structural float income and disciplined buybacks drive durable EPS growth, buffering macro/labor softness and justifying a premium valuation. We model muted client volume but see recurring revenue, float, and capital return levers offsetting the downside, supporting mid- to high-single-digit EPS growth.
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields slightly over 4%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 9%.
We've experienced an abnormally newsworthy week for the stock market, but arguably this morning brings us the biggest news of all: the May Employment Situation report from the U.S. Bureau of Labor Statistics (BLS). Headline jobs growth came in at +139K — +14K higher than the +125K anticipated.