ADP Automatic Data Processing, Inc.
An American provider of human resources management software and services. Until 2014, ADP was one of four American companies in the S&P 500 to have a AAA credit rating from both Standard & Poor's and Moody's.
While the Corona Virus is front and center, ADP still has great long term earnings potential with a growth rate estimated at 13% and a strong business model with high recurring revenue despite the immediate impact. By positioning itself around cloud-based solutions, they should be able to weather the storm in an environment where remote trends continue to be strong around all aspects of human resources.
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3/15/2020 by Dave H Friedel Jr Direction: Long Status: Successful
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