Rational Investing - Cameron Stewart, CFAPublished 2026-08-05
“Zoetis (ZTS) - The Stock Market Is Wrong About This”
$ADPBullish
ADP's sticky payroll business and pricing power support steady long-term compounding, but upside is limited.
like ADP is an interesting one. I I'll talk to you about payroll in a second. Yeah. In fact, it's it's one that I was thinking about about doing.
ADP, we'll take a look at that one a second.
so ADP is one of those legacy systems that has continued to run payroll and continues to run. It's remarkable how they they've continued to be able to grow earnings. We'll see how they do.
I mean, the fear is basically that AI is going to like blow this up and startups are startups are going to eat their lunch.