ADP Exposure Increased

I last reviewed Automatic Data Processing (ADP) in my October 31, 2022 post at which time Q1 results and the revised FY2023 outlook had just been released. Based on my analysis I deemed ADP to be slightly overvalued. On January 25, ADP released Q2 and YTD2023 results and provided an update to its FY2023 outlook. [...]

Goldman Sachs – High Expenses and Weak Investment Banking Revenue

  On January 17, 2023, Goldman Sachs (GS) reported weaker-than-anticipated Q4 and FY2022 results because of high expenses and weak Investment Banking revenue. Despite measures having been implemented to improve results, I am cautiously optimistic GS will experience further short-term share price weakness. I last reviewed this holding in my July 8, 2022 post at [...]

Go to Top