ADP - Automatic Data Processing, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
145.55
-0.94 (-0.64%)
At close: 4:00PM EDT

145.55 0.00 (0.00%)
After hours: 5:23PM EDT

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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close146.49
Open145.37
Bid145.55 x 800
Ask146.14 x 800
Day's Range144.57 - 146.98
52 Week Range103.11 - 182.32
Volume2,373,867
Avg. Volume3,059,185
Market Cap62.554B
Beta (5Y Monthly)0.85
PE Ratio (TTM)24.98
EPS (TTM)5.83
Earnings DateJul 29, 2020 - Aug 03, 2020
Forward Dividend & Yield3.64 (2.48%)
Ex-Dividend DateJun 11, 2020
1y Target Est156.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Moody's

    Automatic Data Processing, Inc. -- Moody's affirms ADP at Aa3; revises outlook to negative

    The outlook revision reflects Moody's expectation of a meaningful near term contraction in ADP's operating performance following the coronavirus outbreak and the resulting highly elevated unemployment levels in the company's target markets, especially in the small and medium-sized business ("SMB") segments, as well as a significant drop in float related investment income stemming from a recent sharp decline in interest rates. Additional risks to the issuer's credit quality include ADP's smaller scale relative to its rated peer group, service line concentration, limited geographic diversity, historical focus on acquisitions and shareholder returns, and potential reputational risk in the event of a data security or customer privacy breach of the company's systems.

  • COVID-19's Impact on the Labor Market Forced a New "Normal" on the U.S. Workforce, Affecting Nearly Every Worker in the U.S.
    PR Newswire

    COVID-19's Impact on the Labor Market Forced a New "Normal" on the U.S. Workforce, Affecting Nearly Every Worker in the U.S.

    A recent survey of workers in the U.S. from the ADP Research Institute reveals that an initially significant decrease in worker confidence appears to be leveling off despite the impact the COVID-19 pandemic had on nearly every worker in the U.S. The findings included in the report titled "A Workplace Redefined: Employee Resilience Amid The COVID-19 Pandemic" explore employee sentiment regarding their ability to work from home, how the pandemic affected their productivity, their confidence about how long they may experience the effects of the crisis, and how their employer responded to the pandemic. The survey uncovers that stress levels, work/life balance and productivity are starting to stabilize rather than continue to deteriorate week to week. In fact, the majority of workers believe their financial concern is short term, even for those not working right now.

  • Paycom: A High-Quality, Fast-Growing Company
    GuruFocus.com

    Paycom: A High-Quality, Fast-Growing Company

    A founder-led company with attractive economics and decent prospects Continue reading...

  • 7 Stocks First Pacific Advisors Continues to Buy
    GuruFocus.com

    7 Stocks First Pacific Advisors Continues to Buy

    Paypal and Centene make the list Continue reading...

  • Is Automatic Data Processing (ADP) A Good Stock To Buy?
    Insider Monkey

    Is Automatic Data Processing (ADP) A Good Stock To Buy?

    The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

  • Moody's

    Automatic Data Processing, Inc. -- Moody's announces completion of a periodic review of ratings of Automatic Data Processing, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Automatic Data Processing, Inc. New York, May 27, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Automatic Data Processing, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • May 2020 ADP National Employment Report®, ADP Small Business Report® and ADP National Franchise Report® to be Released on Wednesday, June 3, 2020
    PR Newswire

    May 2020 ADP National Employment Report®, ADP Small Business Report® and ADP National Franchise Report® to be Released on Wednesday, June 3, 2020

    WHAT: ADP Research Institute® will release the May findings of the ADP National Employment Report, ADP Small Business Report and ADP National Franchise Report on Wednesday, June 3, 2020 at 8:15 a.m. ET.

  • Automatic Data Processing (ADP) Will Emerge Stronger From the COVID-19 Crisis
    Insider Monkey

    Automatic Data Processing (ADP) Will Emerge Stronger From the COVID-19 Crisis

    Aoris Investment Management recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Aoris International Fund aims to generate returns of 8–12% p.a. over a market cycle. The portfolio is long-only and highly selective. You should check out Aoris Investment Management’s top 5 stock picks for investors to buy right […]

  • ADP Canada National Employment Report: Employment in Canada Decreased by 226,700 Jobs in April 2020
    CNW Group

    ADP Canada National Employment Report: Employment in Canada Decreased by 226,700 Jobs in April 2020

    ADP Canada National Employment Report: Employment in Canada Decreased by 226,700 Jobs in April 2020

  • Bank of America Double-Downgrades Square on Fear Small Businesses Will Fold
    Bloomberg

    Bank of America Double-Downgrades Square on Fear Small Businesses Will Fold

    (Bloomberg) -- Bank of America double-downgraded payments stock Square Inc. to underperform from buy on concern small and medium businesses like restaurants, retailers and salons will struggle to stay afloat once they’ve spent government Covid-19 crisis funds.“A significant number” of small and medium outfits may struggle to survive, especially if the U.S. economy only partially reopens and firms are limited to 25% to 50% occupancy, analyst Jason Kupferberg wrote in a note.“The extent of SMB churn is hard to quantify, and likely won’t be known for perhaps another 6 months, but we note that 75% of Square’s payment volume comes from merchants with less $500,000 in annual card volumes,” he said.He also flagged Square’s 26% rally so far this year, which compares with a 9% decline for the S&P 500. The stock may have “moved too far and too fast relative to its near-term fundamental prospects,” he said.In the same note, Kupferberg also became the sole bear on payroll processor Automatic Data Processing Inc., cutting his rating to underperform from neutral due to “extreme stress on employment markets.” ADP is exposed to the current recession not just because of the number of employees on its clients’ payrolls, he said, but also in terms of client retention, new bookings and lower float income.He added that Paychex Inc.’s business update call on Tuesday may be a “negative catalyst” for ADP, as Paychex will probably pre-announce a guidance miss for the quarter ended May 31. Kupferberg rates Paychex underperform too, as 99% of its revenue comes from U.S. small and medium businesses averaging 16 employees.Square pared a decline of as much as 2.5% in early Monday trading, while ADP nearly erased a gain of as much as 2% and Paychex rose as much as 4%. Stocks rose across the board on optimism about an experimental vaccine, and as major economies took further steps toward re-opening and the Fed stressed it has more ammunition to combat a downturn.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Beyond the Curve: ADP® to Host Virtual Summit on Recovery and Engagement in the New World of Work
    PR Newswire

    Beyond the Curve: ADP® to Host Virtual Summit on Recovery and Engagement in the New World of Work

    ADP®, a leading global technology company providing human capital management (HCM) solutions, will host a complimentary virtual summit on May 29, 2020 to provide critical insights, best practices and actionable guidance to help employers navigate a safe and effective return to work. The event, "Looking Beyond the Curve: Recovery and Engagement in the New World of Work," will run from 11:00am to 5:00pm ET and feature ADP experts leveraging unique research and data on topics including business continuity, evolving legislation, navigating compliance, and activating a workforce in flux.

  • Media Alert: April 2020 ADP Canada National Employment Report to be released on Thursday, May 21, 2020
    CNW Group

    Media Alert: April 2020 ADP Canada National Employment Report to be released on Thursday, May 21, 2020

    Media Alert: April 2020 ADP Canada National Employment Report to be released on Thursday, May 21, 2020

  • Robert Olstein's Firm Buys 4 Stocks in the 1st Quarter
    GuruFocus.com

    Robert Olstein's Firm Buys 4 Stocks in the 1st Quarter

    Firm’s top new buys include Facebook and Buffett’s conglomerate Continue reading...

  • ADP® Celebrates Leading Companies for Workplace Innovation During the ADP Meeting of the Minds Online Series
    PR Newswire

    ADP® Celebrates Leading Companies for Workplace Innovation During the ADP Meeting of the Minds Online Series

    Today, ADP®, a leading global technology company providing human capital management (HCM) solutions, recognized five companies for their success in leading innovative workplace transformation initiatives that foster a culture of engagement. These five companies, World Wide Technology, Mercy Housing, Party City, Honeywell, and Penske Automotive Group, will be featured during Episodes One and Two of the ADP Meeting of the Minds Online Series, a four-episode series culminating in a robust virtual conference in the fall.

  • A wave of bankruptcies, surging taxes, and Americans harboring lasting scars from coronavirus lockdowns — the head of world’s largest asset manager warns of grim outlook
    MarketWatch

    A wave of bankruptcies, surging taxes, and Americans harboring lasting scars from coronavirus lockdowns — the head of world’s largest asset manager warns of grim outlook

    The era of coronavirus has been a hard one on the American psyche but the CEO of one of the world’s largest asset managers cautions that everyone should brace for even rougher days ahead, as the U.S. attempts to emerge from the worst public-health crisis in more than a century.

  • Shopify’s Premium Is a Symptom of Our Social Disconnect
    InvestorPlace

    Shopify’s Premium Is a Symptom of Our Social Disconnect

    Undoubtedly, one of the biggest surprises of this year is Shopify (NYSE:SHOP). At a time when the discretionary retail segment has been gutted, the online merchant platform has defied all expectations. If positive momentum continues, Shopify stock will soon double in value on a year-to-date basis. Even factoring in that its online business caters fortuitously well to the shutdowns imposed by the novel coronavirus, SHOP is an extreme anomaly.Source: Jirapong Manustrong / Shutterstock.com However, some fundamental justification exists for its tremendous surge. Primarily, the company delivered a blisteringly positive first-quarter earnings report, especially considering the broader context. Heading into the disclosure, covering analysts expected SHOP to produce an earnings loss of 18 cents per share. Instead, it delivered an earnings per share of 19 cents, obliterating the consensus target.Additionally, SHOP generated revenue of $470 million, up 47% from the year-ago quarter. This also beat analysts' expectations, which called for $443.2 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven more impressive, though, was gross merchandise volume from merchant customers, which increased 46% to $17.4 billion. This beat the consensus target of $16.83 billion by a wide margin. In particular, GMV of apparel and accessories normalized by April following softness in mid-March. Not surprisingly, Shopify stock skyrocketed on the announcement. * 10 Key Stocks to Watch Over the Next Few Months However, a growing chorus of analysts are expressing skepticism toward SHOP's upside potential. With valuations at nosebleed levels, it seems almost foolish to buy Shopify stock now. Moreover, so many investments are trading at rock-bottom prices.Plus, it's important to contrast Shopify's Q1 results with recent results from Target (NYSE:TGT). The big-box retailer saw a huge spike in groceries (as you would expect) but a decline in discretionary items.Can you still trust Shopify stock? Sort of. Shopify Stock Makes Sense for NowI understand the common argument against SHOP. Recently, the Department of Labor revealed that 3.2 million workers filed for unemployment benefits for the week ending May 2. Over the course of seven weeks, the number of initial jobless claims filed has totaled over 33 million.If that wasn't scary enough, every indicator is screaming that the labor market has suffered cataclysmic damage. Automatic Data Processing (NASDAQ:ADP) reported that the private sector shed more than 20 million jobs in April. Therefore, the very idea of people buying anything other than food, water, and other essentials seems absurd.More to the point, Shopify's reported increases in GMV for apparel and accessories runs counter to both intuition and hard economic data.Yet to understand the seemingly discordant rise of Shopify stock, you must ask a difficult question: who does the coronavirus impact the most?Logically, most of the nominal job losses have come from more easily replaceable, low-income positions. Further, the Pew Research Center disclosed that Covid-19 has disproportionately impacted communities of color, specifically Hispanics and African Americans. Click to Enlarge Source: Data from Pew Research Center When you look at the trends, they're jarring. Between March and April, the percentage of Hispanics that reported they or someone in their household suffered a job or wage loss increased 49% to 61%. For African Americans, the metric increased from 36% to 44%.So, what does this have to do with Shopify stock? Everything, as I'll explain below. SHOP Is an Economic BarometerAccording to the Dallas Morning News, race in America still matters. In a blunt but relevant discussion, journalist Mitchell Schnurman argues that white workers still get more of the good jobs. As an aside, I find it remarkable that this article was written in January of this year. In my opinion, Schnurman really got the essence of why Shopify stock is so hot today.Having established that white workers typically tend to be higher-paid employees than their non-white counterparts, it's only logical that Shopify has yet to be fully impacted by the coronavirus. According to a 2015 survey by ThinkNow Research, on average, white consumers spent the most money online of all races/ethnicities.As Schnurman would likely say, they can afford it. Since the initial wave of job losses impacted low-income jobs, white workers have been relatively insulated. Thus, many apparently got through this period of quarantining with retail therapy, thereby bolstering Shopify stock.Is SHOP a buy then? Absolutely not! Because at some point, you got to figure that the coronavirus impact will soon hit high-paying positions, which largely affect white workers.According to the New York Times' contributors Patricia Cohen and Tiffany Hsu, that might be already happening. As they worryingly wrote:While restaurant, travel, hospitality and retail workers were among the first to lose their jobs, layoffs have become more widespread in recent weeks, affecting engineers at Uber, advertising account executives at Omnicom, designers at Airbnb and other office employees.Therefore, I fully expect the Hispanic and African American job loss rate to decline moving forward, with the proportion of impacted white workers increasing. How Shopify responds to the gradual loss of white consumers will be the real test of its resilience. Fundamentals Will Soon Make SenseFor those who are screaming that Shopify stock doesn't make fundamental sense, I hear you. Eventually, SHOP will reflect whatever is the true health of the underlying economy. If high-paying jobs remain largely unaffected by Covid-19, then shares deserve their rich valuation.But I doubt it. We can't have an economy where only the well-to-do have everything and everyone else has nothing. After all, big business has to sell their crap to somebody. When those somebodies no longer exist, that's when you start having serious problems.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Shopifya€™s Premium Is a Symptom of Our Social Disconnect appeared first on InvestorPlace.

  • Barrons.com

    BlackRock CEO Warns of Bankruptcies, Surging Taxes, and Lasting Scars From Covid Lockdown

    The era of coronavirus has already been hard on the American psyche, but the chief executive of the world’s largest asset manager cautions that everyone should brace for even rougher days ahead as the U.S. attempts to emerge from the worst public-health crisis in more than a century. (BLK) (ticker: BLK) CEO Larry Fink forecast a dour near-term outlook for the economy as states and businesses grapple with reopening from Covid-19 lockdowns that have likely driven the U.S., and the rest of the world, into a deep recession, according to a report from Bloomberg News. The news organization reported that Fink, speaking privately with clients of a wealth advisory firm, outlined a future in which the economy continues to weaken, bankruptcies soar, and American consumers—the lifeblood of economic vitality in the U.S.—remain psychologically scarred from the impact of the deadly pathogen that has infected more than 3.7 million people (1.2 million in the U.S. alone) and claimed more than 260,000 lives globally, according to data compiled by Johns Hopkins University.

  • MarketWatch

    Dow opens 160 points higher, aims for 3rd straight gain as ADP report shows 20.2 million job losses in April

    U.S. on Wednesday opened modestly higher, as investors digested a report on private-sector employment, which underscored the damage of the coronavirus-induced lockdowns on jobs. Private-sector companies lost 20.2 million jobs in April, according to data from Automatic Data Processing Inc. . The report comes ahead of a more closely followed update on employment from the Labor Department on Friday. The Dow Jones Industrial Average rose 166 points, or 0.7%, at 24,049, the S&P 500 index added 0.7% at 2,889, while the Nasdaq Composite Index advanced 1% at 8,894. Gains for the main equity gauges would represent the third in a row. The unemployment rate has likely surged to the highest level on record - the MarketWatch forecast is 15% - from a mere 3.5% just two months ago.

  • ADP National Employment Report: Private Sector Employment Decreased by 20,236,000 Jobs in April; the April NER Utilizes Data Through April 12 and Does Not Reflect the Full Impact of COVID-19 on the Overall Employment Situation
    PR Newswire

    ADP National Employment Report: Private Sector Employment Decreased by 20,236,000 Jobs in April; the April NER Utilizes Data Through April 12 and Does Not Reflect the Full Impact of COVID-19 on the Overall Employment Situation

    Private sector employment decreased by 20,236,000 jobs from March to April according to the April ADP National Employment Report®. The report utilizes data through the 12th of the month. The NER uses the same time period the Bureau of Labor and Statistics uses for their survey. As such, the April NER does not reflect the full impact of COVID-19 on the overall employment situation.

  • Investing.com

    Crude Oil Slumps After ADP Unemployment Release

    Oil markets fell back Wednesday, as fresh evidence of the demand destruction caused by the coronavirus pandemic triggered a bout of profit-taking. At :9:20 AM ET (1320 GMT), U.S. crude futures traded 3.7% lower at $23.68 a barrel, while the international benchmark Brent contract fell 2.5% to $30.17. The U.S. private sector shed just over 20 million jobs in March, according to a report by payrolls processor ADP (NASDAQ:ADP), as measures to contain the coronavirus pandemic devastated the country's economy.

  • Bloomberg

    In the Pandemic Era, Hiring Gets Automated

    (Bloomberg) -- Tara Lindstrom doesn’t know when she’ll be able to fully reopen the 56 restaurants she runs across California and Utah. But the minute coronavirus restrictions lift, she wants to be ready.“Every day we think, when are we going to be done with this?” said Lindstrom, whose restaurant sales are down between 30% and 60% since March 16, when California was ordered to shelter in place. “It’s been one punch after the next.”As city and state officials are beginning to reopen their economies, Lindstrom’s biggest challenge is bringing back about two-thirds of the 1,000 employees at her Jamba Juice, Carl’s Jr. and Pieology franchises who haven’t worked in about seven weeks. But many are students who may have moved back home and workers who might have found jobs elsewhere or can’t leave their kids at home without childcare. And with Jamba Juice’s peak summer season approaching, she could be looking to fill lots of new positions.Lindstrom plans to start ramping up hiring this month and to “have our new normal by July 1,” she said. “You can’t train people in a day, so you have to just project out and prepare so we can be ready to go.”To hasten the task--while reducing physical contact during the pandemic-- Lindstrom has moved the hiring process almost entirely online. She’s tapped a San Francisco-based tech startup called Workstream, which helps automate the hiring of hourly and gig-economy workers for nearly 5,000 managers at companies including Uber Technologies Inc., Marriott International Inc., Chick-fil-A Inc. and Amazon.com Inc.’s third-party delivery operators.Workstream operates like a silent machine turning the gears of a company’s recruiting process from start to finish. The software integrates with online job boards. Applicants receive a string of automated, tailored screening questions via text messages that make it feel like they’re chatting with a company recruiter. Those the company deems a good fit pick an interview time slot by text. In the Covid-19 era, most conversations are conducted by phone or video chat. Jobseekers complete paperwork on their mobile devices. The whole process can be done within a few hours.“We use data and AI so businesses can save time and do more with less, and so hourly workers won’t get lost in the process,” said Workstream co-founder Desmond Lim.Hiring has been moving online for years and funding for startups making human resources software rose to $6.7 billion last year, more than double in 2017, according to CB Insights. Workstream, which just raised $10 million from investors including the Founders Fund, Charles River Ventures, and Basis Set Ventures said its niche is recruiting and retaining hourly workers. That group has been among the hardest hit after restaurants and retailers shut their doors and people no longer hire cars to drive them to work. Other startups in the field, such as  Lever and Greenhouse, mostly focus on white-collar jobs, while Instawork and Wonolo connect workers with businesses for short-term gigs, rather than full-time employment. Workstream says the global health outbreak has also made the shift toward automation feel more urgent for its customers who are rushing to get comfortable with screening, interviewing, hiring and training a new worker remotely, without as much as a handshake. In mid-March, Amazon was still holding packed recruiting events in person. After images and a report by Bloomberg  about the lack of safety precautions made the rounds on Twitter, Amazon moved all new hire events and orientations to virtual platforms.More than 30 million people in the U.S. have filed for unemployment since mid-March, and when restaurants and retailers can come back online, they’re going to have to move fast, said Ravin Jesuthasan, managing director at consultancy Willis Towers Watson.“Companies have no other choice but to be resilient,” Jesuthasan said. “Automation is something we've been talking about for 50 years, but it took a pandemic to change people’s minds about ingrained habits like requiring face-to-face interviews,” he said.Being ready to bounce back quickly is paramount to businesses like King Courier, one of Amazon’s third-party delivery service partners in the San Francisco Bay area.Before the pandemic hit, the average King Courier driver would make 250 daily deliveries and would last about five months in the job, “so we’re always hiring,” said Chief Operating Officer Andrew Brady. But with Amazon prioritizing essential goods and implementing social distancing in its warehouses, demand for King Courier’s drivers waned. “For the first time ever, we had more capacity than Amazon could use,” he said.Meanwhile, applications are up by 75% and drivers are eager to work. That’s a change from before the pandemic, Brady said, recounting a former employee who left for “a $30-an-hour job at Twitter where he just had to make sure the conference rooms had warm coffee and neatly-placed notebooks.” Now, Brady is leaning on Workstream to increase staff by eight times in a matter of weeks. “Ramp up times for Amazon are very aggressive and we have to be prepared,” Brady said.Workstream’s Lim is familiar with the difficulties of hourly workers, from both sides of the equation. His father is a driver and his mother a cleaner. Lim, 34, ran a restaurant before working on Wall Street and launched Workstream in 2017 after seeing how much time managers wasted on scheduling interviews with job applicants who didn’t use email.But the company is facing some well-entrenched rivals: Human resource software leaders like Automatic Data Processing Inc. and Workday Inc. dominate the industry and many businesses that have been using their software for years are reticent to switch providers. The pandemic has also led to a slowdown in new software adoption as companies try to reduce costs and avoid the disruptions that come from trying out new things. And even if social distancing has put an end to in-person interviews for now, some hiring managers may not be won over the the practice enough to continue after regulations lift. In the first quarter of this year, the number of deals in HR tech dropped by nearly a third from a year ago, according to CB Insights.Workstream is adapting with new features to help managers in tight spots. For businesses unsure of future hiring plans, the software allows them to funnel potential employees into a reserve pool for later. The moment a position opens up, the manager can push a button and send a text message to the whole database to see who is still interested. Since their details and paperwork are already saved, hiring can move faster.Other new features include remote Covid-19 safety training and batch hiring, where, for example, a restaurant could split its staff into three distinct groups who never come into contact with one another. That way if one employee gets sick, it won’t risk infecting the whole staff and rendering the business inoperable.Workstream helped Envoy America,  a ride-sharing company for senior citizens, screen for better applicants and reduce its 40-day hiring process to an average of 18 days, said recruiting manager Sheri Thueson. “We need to make sure grandma is in good hands and it turns out you can screen for compassion in the language people use in their texts.”Envoy’s business dropped during the pandemic, but seniors still need to get to doctor’s appointments and dialysis treatments. The company has seen a flood of new applicants from Lyft Inc., Uber and other drivers who can’t find work. Forecasting a business pickup in June, Envoy is using Workstream to collect a pipeline of drivers on demand “so as soon as the situation improves, we can pick up the process right where we left off,” Thueson said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Were Hedge Funds Right About Automatic Data Processing (ADP)?
    Insider Monkey

    Were Hedge Funds Right About Automatic Data Processing (ADP)?

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]