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ADP LATEST HEADLINES
Finding underrated Nasdaq 100 stocks to buy in 2024 will not be a walk in the park. Although the index recently experienced a small dip, many of the companies are still extremely expensive.
Automatic Data's (ADP) fourth-quarter fiscal 2024 results benefit from new business bookings and stable growth in pay-per-control.
Automatic Data Processing, The Brink's and Barrett Business Services have been highlighted in this Industry Outlook article.
The Zacks Outsourcing industry is poised for growth as business and IT outsourcing has become increasingly vital. ADP, BCO and BBSI are three stocks that are well-placed to ride the demand strength.
ADP fits Peter Lynch's definition of a Stalwart. The company's market dominance, attractive industry, good management, and growth plans position it well for continued success. Revenue growth, margin expansion, share buybacks and dividends should continue to drive value for shareholders.
The growth and tech-heavy Nasdaq 100 index is in something of a significant correction at the moment. After hitting new all-time highs early in July, the benchmark Invesco QQQ ETF (NASDAQ: QQQ ) has already pulled back close to 10% from its recent peak.
You can see it in the pre-market charts: once the Employment Situation numbers for July hit the tape, three of the four major indices fell like a stone. Only the blue-chip Dow, still -0.74% points at this hour, has remained on the table.
Investing in dividend stocks for passive income has long been a desired strategy for income-focused investors. These companies often have decades of experience returning cash to shareholders by distributing a portion of their profits.
Automatic Data Processing is a Dividend Aristocrat emphatically on its way to Dividend King status. The human capital management giant's revenue and adjusted diluted EPS climbed higher in its fiscal Q4. ADP has virtually no debt on its balance sheet and boasts a very capital-light business model.
Automatic Data Processing's (ADP) top line benefits from a strong segmental performance in fourth-quarter fiscal 2024.