Senior counselor to President Trump on trade and manufacturing, Peter Navarro, claimed the U.S. tariff plan will bring in $600 billion per year over the next 10 years. This would suggest that tariffs are seen by the administration not as negotiating tools for trade, but a way to generate revenues over the long term, presumably to help fund the permanent tax cuts President Trump seeks. Tuesday, April 1, 2025 Markets started off in the red today, and after some deep vacillations ended on an up-trend. Such goe ...

Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc. ROSELAND, N.J., April 1, 2025 /PRNewswire/ -- ADP (Nasdaq: ADP), a leading global provider of Human Capital Management (HCM) solutions, is scheduled to release it ...

Investment professional are calling this an "event week," and if anything, they may be understating it. Today marks the final day of calendar first quarter (Q1), meaning a new earnings season will be brewing over the next couple weeks. It's also Jobs Week, with a full slate: Tuesday brings us the JOLTS report, Wednesday is private- sector payrolls from ADP (ADP) , Thursday has Weekly Jobless Claims and Friday is the Employment Situation report from the U.S. government. The JOLTS numbers (Job Openings and La ...

Monday, March 31, 2025 Earnings Wrap-Up: RH, PVH & More Tariffs on Deck for Wednesday, April 2nd Just this morning, President Trump stated that trade tariffs will start for "all countries" this Wednesday, April 2nd. Some analysts had previously surmised that only nations with whom the U.S. currently has a trade imbalance would be affected, but today's clarification lays it plain. This lends to the idea that trade tariffs are a key component to paying for extending corporate tax cuts. From Nasdaq highs 5 1/2 ...

Core Insights - Human capital management (HCM) stocks are gaining investor interest amid fears of a trade war and rising Personal Consumption Expenditures (PCE) data, which have negatively impacted broader market indexes [1] - HCM solution providers, particularly those offering payroll services, are expected to remain resilient against tariff impacts, with consistent demand driven by a stable unemployment rate around 4% [2] Paychex Insights - Paychex CEO John Gibson indicated that there are no recession signs in the company's data, with a fundamentally healthy labor market despite market uncertainties [3] - Paychex's total sales are projected to rise by 4% in fiscal 2025 and by another 5% in fiscal 2026, reaching $5.81 billion, with annual earnings expected to increase by 6% this year and another 6% in fiscal 2026 to $5.30 per share [4] ADP Insights - ADP, a leader in cloud-based HCM solutions, is forecasted to see its top line expand by 6% in fiscal years 2025 and 2026, exceeding $21 billion, with EPS projected to rise by 8% in fiscal 2025 and by 9% in fiscal 2026 to $10.82 [6] Stock Performance - Paychex and ADP shares have increased by 7% and 3% respectively in 2025, providing a defensive hedge for investors as broader indexes have faced declines, with the S&P 500 down 4% year-to-date and the Nasdaq down 10% [9] Cintas Insights - Cintas, while not a payroll service provider, has attracted investor interest due to its growth narrative, with its stock up 11% year-to-date, driven by demand for its specialized business services [10] - Cintas has consistently exceeded earnings expectations and has seen over 300% gains in stock performance over the last five years [11] Conclusion - Monitoring payroll companies like Paychex and ADP is crucial for insights into economic conditions and potential recession risks, while Cintas may also provide valuable economic indicators [14]

Group 1 - Pre-market futures are down, with the Dow down 90 points, S&P 500 down 16 points, and Nasdaq down 80 points, while bond yields are at +4.32% for the 10-year and +3.98% for the 2-year [1] - The monthly PCE report indicates that inflation is warming up, which is not what analysts were hoping for, especially with tariff measures expected next week [2] - Personal Income for February increased by 0.8%, exceeding expectations, while Personal Spending rose by 0.4%, indicating a positive consumer performance [3] Group 2 - The headline PCE Index showed a month-over-month increase of 0.3% and a year-over-year rate of 2.5%, both above the Fed's target of 2% but within a manageable range [4] - Core PCE, excluding food and energy, increased by 0.4% month-over-month and 2.8% year-over-year, both figures slightly above expectations, indicating a gradual rise in inflation [5] - Consumer Sentiment for March dropped to 57.9, the lowest in two and a half years, with inflation expectations rising to 4.9% from 4.3% [6] Group 3 - Upcoming Jobs Week will provide insights into the labor market, with various reports expected to clarify whether the market is weakening [7] - The previous Employment Situation report indicated 151K new jobs filled and an unemployment rate of 4.1%, suggesting a robust domestic workforce [8]

Core Insights - The article highlights the highest-quality Dividend Champions, which are companies that have consistently increased their annual dividend payouts for at least 25 years [1] Group 1: Dividend Champions - Dividend Champions are defined as companies listed on U.S. exchanges with a track record of higher annual dividend payouts for a minimum of 25 years [1] Group 2: Future Articles - Subsequent articles will focus on Dividend Contenders (companies with 10-24 years of dividend increases) and Dividend Challengers (companies with 5-9 years of dividend increases) [1]

Core Insights - ADP announced the winners of the 2025 HCM Distinction Awards, recognizing five companies for their excellence in human capital management and workplace innovation [1][2] Group 1: Award Winners - RSG Group (Gold's Gym) won the Agility at Work Award for enhancing efficiencies and streamlining HR functions across 50 locations with approximately 1,700 employees [4] - BrightPath Early Learning and Child Care received the Culture at Work Award for fostering a dynamic workplace culture with over 7,000 employees across 236 centers in North America [5] - Stanley Black & Decker was honored with the Global Solutions at Work Award for centralizing payroll and HR processes to deliver a consistent global employee experience for approximately 48,500 employees [6] - Tillys earned the Innovation at Work Award for automating HR solutions and adapting to fluctuating staffing needs across 248 store locations in 33 states [7][8] - Academy Bank was recognized with the Talent at Work Award for unifying HR processes and enhancing recruitment and onboarding experiences [9] Group 2: Industry Trends - The awards highlight the importance of leveraging HCM technology to drive organizational agility, build people-centric cultures, and enhance employee experiences [2][3] - Companies are increasingly focusing on automating HR functions and utilizing data insights to improve efficiency and employee engagement [4][5][6][9]

Group 1 - ADP stock has increased by 23.8% over the past year, outperforming the industry growth of 11% and the S&P 500's growth of 12.5% [1] - Revenue growth is projected at 6.3% for fiscal 2025 and 5.8% for fiscal 2026, while earnings are expected to rise by 8.2% in fiscal 2025 and 9% in fiscal 2026 [1] Group 2 - The company is enhancing its position as a human capital management (HCM) provider through a three-tier business strategy, focusing on cloud-based HCM and HR Outsourcing solutions [2] - ADP is expanding its international HCM and HRO businesses with local software solutions and cloud-based multi-country solutions [2] Group 3 - Strategic acquisitions, such as WorkMarket and Sora, are strengthening ADP's customer base and global operations, improving efficiency and employee experiences [3] - The acquisition of Sora aims to streamline HR processes through automation, integrating its platform with ADP's HCM solutions [3] Group 4 - ADP has consistently increased its dividend payouts, reaching $2.2 billion in fiscal 2024, reflecting the company's commitment to returning value to shareholders [4] - The company is expected to maintain steady income growth, supporting stable cash flow and dividends [4] Group 5 - As of the end of the second quarter of fiscal 2025, ADP's current ratio was 1, slightly below the industry's 1.05, indicating potential challenges in meeting short-term obligations [5] Group 6 - The outsourcing industry is labor-intensive and reliant on foreign talent, with rising talent costs posing a risk to growth [6] - Increased expenses from acquisitions and transformation projects were noted, with a 6.2% rise in fiscal 2024 and an expected 5.2% increase in fiscal 2025, which may pressure the bottom line [7]

Market Overview - The stock market experienced a significant decline, with the Dow dropping 427 points (-0.99%), the S&P 500 down 104 points (-1.78%), and the Nasdaq falling 483 points (-2.61%) [1] - Over the past month, major indexes have seen substantial losses: Dow -4.8%, S&P 500 -5.6%, Nasdaq -8.7%, and Russell 2000 -10.4% [2] Employment Situation - The upcoming Employment Situation report from the U.S. Bureau of Labor Statistics is anticipated to show an addition of 170K jobs with an unemployment rate of 4.0% for February [3] - Recent private-sector payrolls from ADP were significantly lower than expected, indicating potential challenges in job growth [3] Company Earnings Reports - **Costco (COST)** reported fiscal Q2 earnings of $4.02 per share, missing estimates by 7 cents, but revenues of $63.72 billion exceeded expectations. This marks the first earnings miss in two years, with shares down 1% post-report [4] - **Gap (GAP)** exceeded earnings expectations with 54 cents per share against a forecast of 36 cents, and revenues of $4.1 billion slightly surpassed estimates. Shares surged 15% following the announcement [5] - **Broadcom (AVGO)** reported earnings of $1.60 per share, beating estimates, with revenues of $14.92 billion. The AI segment saw remarkable growth of 77% year-over-year, leading to a 15% increase in shares after the report [6]