Despite the Nasdaq-100 rocketing 10.6% higher in January 2023, some stocks haven't had nearly the same success. The three worst Nasdaq-100 performers in January were Enphase Energy (NASDAQ: ENPH), Intuitive Surgical (NASDAQ: ISRG), and Automatic Data Processing (NASDAQ: ADP). Enphase was the basement dweller among Nasdaq-100 stocks, down 16.5% in January.
ADP, a leading global technology company providing human capital management (HCM) solutions, has been named by FORTUNE® magazine as one of the "World's Most Admired Companies" in 2023. This marks ADP's 17th consecutive year earning recognition on the distinguished list, which highlights companies with consistently strong performance and reputations as the world continues to change.
Private sector employment increased by 106,000 jobs in January and annual pay was up 7.3 percent year-over-year, according to the January ADP® National Employment Report™ produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab").