Automatic Data Processing, Inc. (ADP) saw its stock price fall 17% due to market concerns over AI disruption risks. However, ADP reported a 7% year-over-year revenue increase in Q3 2026 to $5.9 billion, driven by strong demand across all business segments and PEO services. The company's deep client integration, extensive compliance solutions, and significant data advantages make switching to AI alternatives costly and complex for clients. Additionally, ADP benefits from interest income on $48.3 billion in client funds and maintains strong liquidity with $3.2 billion in cash covering 81% of its borrowings, positioning it well despite market fears.
For the four weeks ending June 27, 2026, US private employers added an average of 19,750 jobs per week, marking a slowdown in hiring for the third consecutive week. This data comes from the ADP National Employment Report's weekly update, the NER Puls...
The SCHD ETF has returned just under 2% in the past month, outperforming the S&P 500 ETF (SPY) by nearly 1%. Year-to-date, about 30 SCHD holdings have more than doubled the returns of SPY, which has returned 9.8%. Additionally, 31 SCHD holdings are t...
