Group 1 - The primary goal of the "High Income DIY Portfolios" Marketplace service is to achieve high income with low risk and capital preservation [1] - The service provides DIY investors with essential information and portfolio/asset allocation strategies aimed at creating stable, long-term passive income with sustainable yields [1] - The portfolios are specifically designed for income investors, including retirees or near-retirees, and include seven portfolios: 3 buy-and-hold, 3 rotational portfolios, and a 3-bucket NPP model portfolio [1] Group 2 - The offering includes two high-income portfolios, two dividend growth investing (DGI) portfolios, and a conservative NPP strategy portfolio characterized by low drawdowns and high growth potential [1]

Wednesday, June 4, 2025The big report out before the opening bell this morning continues “Jobs Week” to start a new month: private-sector payrolls from Automatic Data Processing (ADP) for the month of May. It came out weak for the second straight month: +37K new private-sector jobs created, only a third of the +110K projected. This followed the downwardly revised +60K ADP headline the previous month.This is the lowest tally of new private-sector jobs since the -53K reported back in March 2023, but also look ...

Neils Christensen 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. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_c NUMBER TEX STOCAPAL TAXABLE THE SE ...

美国自动数据处理公司ADP：5月私营部门就业岗位在5月份增加了37,000个，年薪同比增长4.5%。 ...

Trade Tensions and Market Impact - President Trump accused China of violating tariff agreements, leading to a decision to double steel tariffs from 25% to 50% [1] - Cleveland-Cliffs saw a significant stock surge of +24% following the tariff announcement [2] - Major indexes like the Dow, Nasdaq, S&P 500, and Russell 2000 experienced declines, with the S&P 500 down -20 points [2] Labor Market Insights - The upcoming week is designated as Jobs Week, with key reports including Job Openings and Labor Turnover Survey (JOLTS) and the U.S. Employment Report from the Bureau of Labor Statistics (BLS) [3][4] - Expectations for job gains are set at +112K for ADP and +125K for BLS, with potential narratives of labor market loosening if results show notable weakness [4] - The U.S. labor force has been underestimated, with a current unemployment rate expected to remain low at 4.2% despite recent increases [6] Company Earnings Reports - Campbell's Company reported fiscal Q3 earnings of 73 cents per share, exceeding expectations by +12% but slightly below the previous year's quarter [7][8] - Revenues for Campbell's reached $2.48 billion, surpassing expectations by +1.55% and showing growth from $2.37 billion year-over-year [8] Economic Indicators - Anticipation for S&P Manufacturing PMI and ISM Manufacturing reports, with S&P expected at +52.3 and ISM projected to decrease to +48.5 [9] - Construction Spending for April is expected to show a positive change of +0.2% after a -0.5% decline in March, following a trend of negative spending in recent months [10]

Group 1: Financial Performance - ADP's stock has increased by 10.8% year-to-date, outperforming the industry and the S&P 500 composite, which grew by 6.7% and 0.8% respectively [1] - In the third quarter of fiscal 2025, ADP reported earnings per share of $3.06, exceeding consensus estimates by 3.4% and showing a 6.3% increase year-over-year [1] - Total revenues reached $5.6 billion, surpassing consensus estimates by 1.1% and growing 5.7% year-over-year [1] Group 2: Business Strategy - ADP employs a three-tier business strategy to enhance its human capital management (HCM) and HR outsourcing (HRO) services, focusing on cloud-based solutions [2] - The company is expanding its international HCM and HRO businesses with local software solutions and multi-country cloud-based offerings [2] - ADP's transformation initiative aims to accelerate DataCloud penetration and improve operations, which is expected to enhance margins [3] Group 3: Dividend Policy - ADP has shown a strong commitment to returning value to shareholders, with dividend payouts increasing from $1.7 billion in 2022 to $2.2 billion in 2024 [4] - The anticipated steady income growth supports the optimistic outlook on ADP's ability to maintain consistent dividends [4] Group 4: Financial Ratios - As of the end of the third quarter of fiscal 2025, ADP's current ratio was 1.02, which is below the industry average of 2.38 but still indicates the ability to meet short-term obligations [5] Group 5: Competitive Landscape - ADP faces significant competition across its product lines, particularly in Employer services and PEO services, which affects its retention rate [7] - The labor-intensive nature of the outsourcing industry and reliance on foreign talent necessitate increased hiring, leading to rising talent costs and potential impacts on industry growth [8]

Group 1 - Automatic Data Processing (ADP) is part of the Computer and Technology sector, which includes 607 stocks and has a Zacks Sector Rank of 7, indicating its relative strength among sectors [2] - ADP currently holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook based on earnings estimate revisions and improving earnings outlooks [3] - The Zacks Consensus Estimate for ADP's full-year earnings has increased by 0.5% in the past quarter, reflecting stronger analyst sentiment and an improving earnings outlook [4] Group 2 - Year-to-date, ADP has increased by approximately 9.1%, while the average performance of stocks in the Computer and Technology group has declined by about 1.2%, indicating ADP's outperformance [4] - ADP is categorized under the Internet - Software industry, which consists of 167 companies and has an average gain of 8.9% this year, further highlighting ADP's strong performance within its industry [6] - In comparison, Allegro MicroSystems, Inc. (ALGM), another outperforming stock in the Computer and Technology sector, has risen by 25.9% year-to-date, with a Zacks Rank of 2 (Buy) [5]

Core Insights - ADP will host an Investor Day on June 12, 2025, at 9:00 a.m. ET to discuss strategic priorities and financial outlook [1] Group 1 - The event will feature discussions by members of the ADP senior management team [1] - Interested parties can register for the event and access a live webcast and presentation materials at investors.adp.com [2] - A replay of the webcast will be available after the event [2] Group 2 - ADP is a leading global provider of Human Capital Management (HCM) solutions, focusing on HR, Talent, Time Management, Benefits, and Payroll [3] - The company emphasizes designing better ways to work through innovative products and exceptional services [3]

Company Overview - Automatic Data Processing, Inc. (ADP) is represented by Maria Black, the President and CEO, at the J.P. Morgan Global Technology, Media and Communications Conference [1][2]. Economic Outlook - The macro environment is described as broadly constructive, indicating a positive overall economic outlook from the perspective of employment trends [5]. - There is an emphasis on the importance of understanding various client bases and the differing trends observed across them, highlighting both optimism and caution in certain areas [5].

Summary of Automatic Data Processing (ADP) FY Conference Call - May 13, 2025 Company Overview - **Company**: Automatic Data Processing (ADP) - **Industry**: Human Capital Management (HCM) and Payroll Services Key Points Retention and Demand - ADP has reported strong retention rates, which have improved compared to pre-pandemic levels, attributed to investments in product and service tools [3][4][5] - International bookings showed some softness, which was noted as a change from previous quarters, but overall demand in international markets remains solid [6][8] - The company is optimistic about its international pipelines despite elongation in sales processes [7][8] Outsourcing Trends - There is a discernible trend towards HCM outsourcing, driven by increasing complexity in compliance and talent management [10][11] - ADP's extensive sales force of 8,500 sellers across multiple countries supports this trend [12] Competitive Landscape - ADP maintains a competitive edge through its broad offerings and strong retention, although competition remains fierce across various market segments [21][22] - The company has seen an increase in its balance of trade, indicating a positive competitive position [20][21] Product Development: Lyric - ADP introduced "Lyric," a next-generation HCM offering designed to be adaptable and user-friendly, which has received positive market feedback [27][30] - The integration of Lyric with the workforce software acquisition is expected to enhance ADP's market position and drive bookings [31][32] Digital Transformation and AI - ADP is on a continuous digital transformation journey, focusing on making products frictionless and incorporating generative AI into its offerings [35][36] - The company aims to leverage AI for both efficiency and growth, enhancing the onboarding process and sales productivity [45][50] Strategic Acquisitions - Recent acquisition of PEI in Mexico is part of ADP's strategy to strengthen its local expertise and global scale [56][58] - The company continues to pursue acquisitions that align with its strategic pillars of growth and efficiency [66][68] Partnership with Fiserv - ADP's partnership with Fiserv aims to enhance distribution channels and create a revenue-sharing model that benefits both companies [73][74] Future Outlook - ADP plans to showcase its progress and strategic initiatives at the upcoming Investor Day, emphasizing its commitment to innovation and client service [81][82] Conclusion - ADP is positioned well in the HCM industry with strong retention, a focus on outsourcing trends, innovative product offerings like Lyric, and a commitment to digital transformation and strategic acquisitions. The company is optimistic about future growth and market opportunities.