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Stock impact report

1 Magnificent Dividend Stock Down 35% to Buy and Hold Forever [Yahoo! Finance]

Automatic Data Processing, Inc. (ADP) 
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
Company Research Source: Yahoo! Finance
Over the past year, a double whammy of headwinds has hit Automatic Data Processing (NASDAQ: ADP) , better known as ADP. First, concerns about the sluggish employment market have continued to pressure the payroll processor and HR software provider's shares. More recently, ADP has sold off due to fears that generative artificial intelligence (AI) will hurt the business. Much as with enterprise software stocks, investors are worried that mass adoption of AI will bode poorly for ADP's business model. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Add in additional concerns, and it's easy to see why shares are down by more than 35% from their 52-week high. Yet while there may be substance to all this fear and uncertainty, it's possible that investors have overreacted, creating an interesting buying opportunity Show less Read more
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