Automatic Data Processing (ADP) is a strong long-term investment due to its essential payroll services, high client retention, and consistent dividend growth. The company benefits from high switching costs and generates significant interest income from client payroll funds. Despite economic cycles, ADP has shown resilience with steady earnings growth and a history of dividend increases, making it a reliable choice for patient investors. The main risk is a sharp economic downturn with falling rates and rising unemployment, but ADP's business model supports long-term compounding returns.
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...
