Automatic Data (ADP) Offering Possible 11.11% Return Over the Next 6 Calendar Days

Automatic Data's most recent trend suggests a bullish bias. One trading opportunity on Automatic Data is a Bull Put Spread using a strike $138.00 short put and a strike $133.00 long put offers a potential 11.11% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $138.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $133.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Automatic Data is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Automatic Data is bullish.

The RSI indicator is at 38.17 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Automatic Data

Everest Group Names ADP a Leader in Recruitment Process Outsourcing (RPO)
Thu, 13 Aug 2020 15:40:00 +0000
Industry analyst firm Everest Group has positioned ADP as a Leader in its Recruitment Process Outsourcing (RPO) in North America PEAK Matrix® 2020 Assessment. Recognizing ADP's strong North American delivery footprint and overall market and client impact, this designation underscores ADP's commitment to driving innovation in human capital management (HCM).

SYKE vs. ADP: Which Stock Should Value Investors Buy Now?
Fri, 07 Aug 2020 15:40:03 +0000
SYKE vs. ADP: Which Stock Is the Better Value Option?

ADP Declares Regular Quarterly Dividend
Wed, 05 Aug 2020 20:52:00 +0000
The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) has declared a regular quarterly dividend of 91 cents per share payable October 1, 2020 to shareholders of record on September 11, 2020.

What To Expect From July Unemployment Data: Economists Forecast Slowing Recovery
Wed, 05 Aug 2020 20:16:30 +0000
National unemployment numbers for July are set to be released Friday by the Bureau of Labor Statistics, and experts are expecting an increase in the unemployment rate. Early July Predictions: According to a labor report for July released by Automatic Data Processing Inc (NASDAQ: ADP), private sector employment saw an increase of 167,000 jobs.Small and large businesses are seeing an increase in employment count, while midsize businesses are seeing a noticeable decrease in employment numbers."The labor market recovery slowed in the month of July," Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, said in the report. Professional/business services, education and health services and trade/transportation/utilities have seen the largest increase in employment, according to ADP. The financial industry experienced the largest employment decrease, the report said. Joe Brusuelas, chief economist at RSM US LLP, said he expects the national unemployment rate increase to 11.5% for the month of July. Fed Data Points To Slowdown: On Tuesday, the St. Louis Federal Reserve released data on economic conditions and employment.Since the week of June 12, the recovery in employment has slowed down and slightly reverted, according to the Fed district. Areas of the economy that have been touted as rebounding are starting to slow as well: construction employment numbers saw a decrease in employment. Construction was one of the first industries to reopen following widespread stay-at-home orders. Why This Week Is Important: All eyes will be on Washington, D.C. this week as negotiations for a second stimulus bill wrap up. With the $600 unemployment benefit now expired, we should find out in the coming weeks if it will be replaced — and if the government Payment Protection Plan is extended.See more from Benzinga * What A Census Effort Cut Short Could Mean For The Data * American Income Drops While Spending Increases: Breaking Down The Numbers * Buckle Up For Thursday's GDP Forecast: What To Expect(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Dow books 373-point gain, Nasdaq marks 31st record and S&P 500 ends 1.7% from its all-time high as everything rallies
Wed, 05 Aug 2020 20:06:00 +0000
U.S. stocks ended at or near records Wednesday, with the S&P 500 finishing within a stone's throw of its February all-time high and the Nasdaq Composite notching its 31st record high of 2020. Hope of further stimulus from the U.S. government to help out-of-work Americans was attributed to some of the upbeat trade on Wall street, even as some of the data have come in weaker than expected, setting the stage for a jobs report on Friday that may underscore that a rise in infections of COVID-19 stalled out some of the recent resurgence in business activity created by social-distancing measures to contain the virus. Payroll provider Automatic Data Processing Inc. also said only 167,000 private-sector jobs were created in July, far short of the 1.88 million forecast by economists polled by Econoday. However, a reading of services from the Institute for Supply Management service sector index jumped to a reading of 58.1 in July, beating expectations and signalling stronger economic growth. Deal activity also sparked some optimism as Teladoc Health Inc. and Livongo Health Inc. said Wednesday they have agreed to merge in a deal valued at $18.5 billion to create a company that can serve a spectrum of health needs, using virtual care. A nearly 9% surge in shares of Walt Disney Co. following its quarterly results, also helped to lift the Dow and the broader market. The Dow Jones Industrial Average closed up about 373 points, or 1.4%, at 27,201, representing its highest closing level since June 8. The S&P 500 index finished 0.6% higher at around 3,328, putting the broad-market benchmark 1.71% off its Feb. 19 record high at 3,386.15, while the Nasdaq Composite Index closed up 0.5% to 10,992, briefly touching the psychologically round-number level at 11,000 intraday and marking another record finish. The tech-heavy index has closed higher six straight sessions. Gaines for equities also came as gold prices finished at a record near 2,050, based on futures for December delivery , highlighting some concerns about the pace of stock gains and the outsize sums that governments have doled out to limit the harm from the COVID-19 pandemic.

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