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Markets Up but Off Session Highs: JOLTS, Beige Book Flat
Zacks Investment Research· 2024-03-06 23:56
Wednesday, March 6th, 2024Market indices closed off session highs today, but the four majors all finished in the green, nevertheless. A nice kickstart in the pre-market launched all four well above Tuesday’s closing levels, but those gains were pared by the end of the trading day today. The Dow grew by 75 points, +0.21%, while the Nasdaq — once again led by its superstar NVIDIA (NVDA) — was up +91 points, +0.58%. The S&P 500 and small-cap Russell 2000 rose +0.51% and +0.62%, respectively.Private-sector payr ...
Less-Than-Expected Private Payrolls in February
Zacks Investment Research· 2024-03-06 16:51
Jobs Week gets underway in earnest this morning, with results for February private-sector payrolls from Automatic Data Processing (ADP) out more than an hour before the opening bell. A headline number of +140K is below consensus expectations of +150K, but still +29K month over month, from the upwardly revised +111K in January. Goods-producing jobs made up +30K of the positions filled last month, with the Services sector making up +110K.In terms of company size and February private-sector (non-government) jo ...
ADP Jobs +140K, but Part-Time Work Is Rising
Zacks Investment Research· 2024-03-06 16:21
Wednesday, March 6th, 2024Jobs Week gets underway in earnest this morning, with results for February private-sector payrolls from Automatic Data Processing (ADP) out more than an hour before the opening bell. A headline number of +140K is below consensus expectations of +150K, but still +29K month over month, from the upwardly revised +111K in January. Goods-producing jobs made up +30K of the positions filled last month, with the Services sector making up +110K.In terms of company size and February private- ...
3 No-Brainer Dividend Stocks to Snap Up in March
InvestorPlace· 2024-03-06 11:35
For investors who are seeking both income and growth, now presents a great time to consider the best dividend stocks to buy. Dividend-paying companies exhibit strong financial performance, with a proven track record of profitability. This stability can contribute to a lower overall risk profile in comparison to high-growth companies. Additionally, they often have a history of increasing their dividend payouts overtime. This is advantageous for those who are looking for an additional source of passive income ...
Business Expansion, Acquisitions Aid ADP Amid Competition
Zacks Investment Research· 2024-03-01 17:55
Automatic Data Processing, Inc.’s (ADP) shares have gained 8% in the past three months, outperforming the 4.8% rally of the industry it belongs to.The company recently reported impressive second-quarter fiscal 2024 results, wherein both earnings and revenues beat their respective Zacks Consensus Estimate. Adjusted earnings per share of $2.13 beat the consensus estimate by 1.4% and grew 8.7% from the year-ago quarter’s figure. Total revenues of $4.67 billion surpassed the consensus estimate by 0.2% and impro ...
Markets Await ISM Manufacturing PMI Data
Zacks Investment Research· 2024-03-01 17:06
We’re at new all-time highs on the Nasdaq — the first since November of 2021 — which is part of a nearly year-long advancement based on the unveiling of A.I. technology on a practical basis, and led by the “Magnificent 7” stocks which benefited immediately on this new narrative. A few of these companies continue to reach new highs, like A.I. superstar NVIDIA ((NVDA) , while others, like Tesla ((TSLA) , have fallen off. But the Nasdaq has seen a wider distribution of bullish sentiment beyond the futuristic t ...
The Dividend Vault: 7 Stocks with Ironclad Payouts for the Long Haul
InvestorPlace· 2024-02-27 12:00
Among dividend stocks, the “dividend aristocrats” are the cream of the crop. Owning these stocks offers the opportunity for solid long-term total returns because of the steady, increasing payouts.However, even among the aristocrats, there are some that are more regal than others. This has nothing to do with the amount of years of dividend growth under a particular company’s belt. There are plenty of not only mere “aristocrats,” but “dividend kings” (stocks with over 50 years of consecutive dividend growth) ...
Markets Flattish; Zoom, Workday Different Directions Post-Q4
Zacks Investment Research· 2024-02-26 23:41
Monday, February 26th, 2024We were mildly negative at the close for three of the four top market indices today — nothing really to write home about, ands without a ton of consequential data with which to weigh down near-term investment decisions. The Dow dipped -0.16% on the session, the S&P 500 was -0.38% and the Nasdaq -0.13%. Only the small-cap Russell 2000 was in the green today: +0.69%. All indices are up over the past month and year-to-date: +8.2% on the Nasdaq since early January, and +0.9% on the Ru ...
ADP® Offers AI-Enabled Partner Solutions on Powerful, Simple and Secure ADP Marketplace
Prnewswire· 2024-02-22 13:36
HR leaders can rapidly source and implement benefits of AI across their HCM ecosystems ROSELAND, N.J., Feb. 22, 2024 /PRNewswire/ -- ADP Marketplace, the world's largest digital HR storefront with over 800 partner solutions worldwide, is enhancing the client experience by offering AI-enabled, integrated partner solutions. ADP Marketplace now provides clients with greater ease and confidence in identifying and selecting these solutions for their companies. ADP Marketplace has adopted responsible AI principle ...
3 Stocks to Watch From a Growing Outsourcing Industry
Zacks Investment Research· 2024-02-19 16:36
The Zacks Outsourcing industry has experienced significant growth, driven by various economic, technological and business factors. Key drivers include the pursuit of cost savings, access to a pool of skilled talent and the opportunity to focus on core competencies. According to a report by ReportLinker, the outsourcing sector is projected to see substantial expansion, with an estimated growth of $75.89 trillion between 2023 and 2027. This growth is expected to maintain a steady compound annual growth rate ( ...