Jim Cramer on Automatic Data Processing: “To Me, It Looked Like Wall Street’s Simply Convinced That the Payroll Processors Are Doomed”

Automatic Data Processing, Inc. (NASDAQ:ADP) is one of the stocks Jim Cramer shed light on recently. Cramer called the company’s results “confusing,” as he commented: Fourth, we got really confusing results from Automatic Data, ADP, America’s top payroll processor. On Wednesday, the stock went down 1.5%. When you zoom out, this was just the latest leg lower for ADP, which is now off more than 25% from its highs last year. And this is a really good company. What’s weird about this one is the fact that the ...