Forget the Labor Market Noise: This Essential Business Utility Stock Is the Ultimate “Set-It-and-Forget-It” Cash Cow
· finance.yahoo.com
Automatic Data Processing (NASDAQ:ADP) is a stock worth owning for decades because payroll is non-discretionary, switching costs are punishing, and the company has compounded shareholder capital through every economic regime since the Nixon administration. For a retirement-focused investor who has been burned chasing themes, ADP is the rare name that rewards patience. Pillar 1: Durability ... Forget the Labor Market Noise: This Essential Business Utility Stock Is the Ultimate “Set-It-and-Forget-
Quick Read
ADP (NASDAQ: ADP) posted record 92.1% client retention while Employer Services grew 7% and segment margins expanded 130 basis points in Q3 FY26.
AD...