Automatic Data Processing: Q1 Earnings Confirms Growth Potential

Core Insights - Automatic Data Processing (ADP) reported its earnings this week, marking a significant event in the earnings season [1] Company Analysis - ADP has not been covered in over a year, indicating a potential shift in focus or interest in the company's performance [1] - The company is part of a broader investment strategy that includes high-quality dividend stocks, Business Development Companies, REITs, and Closed End Funds, suggesting a diversified approach to investment income [1] Investment Strategy - The investment strategy discussed emphasizes a hybrid system that balances growth and income, aiming to achieve total returns comparable to traditional index funds like the S&P [1]