Look for ADP to rise with payrolls - Joseph Lazzaro

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Look for ADP to rise with payrolls
Nov 20, 2009 08:40 PM UTC

Joseph Lazzaro

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Via BloggingStocks:

Filed under: Stocks to Buy

If, in fact, jobless claims have peaked, that's good news for payroll services specialist Automatic Data Processing (ADP), and that's one reason I'm reiterating my buy rating for the company's shares, first recommended on June 22, 2009 at a price of $36.84. If you bought ADP in June, you're up about 20%.

Despite the worst recession in more than 25 years - one that has devastated payrolls - ADP has held its own, with its stock price this year recovering about one-half its loss following the drop from its peak in 2007.

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Look for ADP to rise with payrolls originally appeared on BloggingStocks on Fri, 20 Nov 2009 15:40:00 EST. Please see our terms for use of feeds.

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