Automatic Data Processing (ADP) Fell Due to Weakness in the US Job Market

Group 1 - Fundsmith Equity Fund's T Class Accumulation shares returned 0.8% in 2025, underperforming the MSCI World Index which returned 12.8% [1] - The fund's underperformance is attributed to index concentration, growth of assets in Index Funds, and weakness in the dollar [1] - Since inception, the fund has outperformed the index by 1.7% per annum [1] Group 2 - Automatic Data Processing, Inc. (NASDAQ:ADP) stock closed at $266.02 on January 9, 2026, with a one-month return of -0.03% and a 52-week loss of 7.26% [2] - The market capitalization of Automatic Data Processing, Inc. (NASDAQ:ADP) is $107.762 billion [2] - The company has faced challenges due to weakness in the US jobs market, and there are concerns regarding the conservativeness of management's future revenue guidance [3] Group 3 - Automatic Data Processing, Inc. (NASDAQ:ADP) was held by 57 hedge fund portfolios at the end of Q3 2025, a decrease from 61 in the previous quarter [4] - While Automatic Data Processing, Inc. (NASDAQ:ADP) is recognized for its potential, certain AI stocks are considered to offer greater upside potential with less downside risk [4]