Investors looking for stocks in the Outsourcing sector might want to consider either Genpact (G) or Automatic Data Processing (ADP). But which of these two stocks presents investors with the better value opportunity right now?

Finding underrated Nasdaq 100 stocks to buy in 2024 will not be a walk in the park. Although the index recently experienced a small dip, many of the companies are still extremely expensive.

Seasonal trading can be a benefit in stock selection. For an unknown reason, some equities perform well in some parts of the year and poorly in other parts of the year.

ROSELAND, N.J. , Aug. 7, 2024 /PRNewswire/ -- The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) has declared a regular quarterly dividend of $1.40 per share payable October 1, 2024 to shareholders of record on September 13, 2024.

Automatic Data's (ADP) fourth-quarter fiscal 2024 results benefit from new business bookings and stable growth in pay-per-control.

Automatic Data Processing, The Brink's and Barrett Business Services have been highlighted in this Industry Outlook article.

The Zacks Outsourcing industry is poised for growth as business and IT outsourcing has become increasingly vital. ADP, BCO and BBSI are three stocks that are well-placed to ride the demand strength.

ADP fits Peter Lynch's definition of a Stalwart. The company's market dominance, attractive industry, good management, and growth plans position it well for continued success. Revenue growth, margin expansion, share buybacks and dividends should continue to drive value for shareholders.

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.6%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields.

The growth and tech-heavy Nasdaq 100 index is in something of a significant correction at the moment. After hitting new all-time highs early in July, the benchmark Invesco QQQ ETF (NASDAQ: QQQ ) has already pulled back close to 10% from its recent peak.

You can see it in the pre-market charts: once the Employment Situation numbers for July hit the tape, three of the four major indices fell like a stone. Only the blue-chip Dow, still -0.74% points at this hour, has remained on the table.

Investing in dividend stocks for passive income has long been a desired strategy for income-focused investors. These companies often have decades of experience returning cash to shareholders by distributing a portion of their profits.