Benzinga | Jul 28, 2021 12:03PM EDT

Want to Buy Automatic Data Processing (NASDAQ: ADP) Stock?

ADP is one of the most popular time clock, human resources and payroll management firms in the world. Most people reading this review have likely clocked in with ADP at one time or another or contracted the firm to fulfill their human resources management needs.

ADP remains in the news routinely due to job figures and reports it releases throughout the year. The firm's conference call occurred today, and Q4 earnings were just released, pushing the stock higher.

Step 1: Open up a brokerage account.

You must open a brokerage account when you are ready to invest. The five brokers below have been curated by Benzinga, reviewed and shown to offer the services, prices and support you need.

Broker Best For Overall Rating Start Trading

Webull Intermediate Traders 4.5 Stars Get Started

Interactive Brokers Lowest Fees 5 Stars Get Started

Robinhood Beginner Traders 4 Stars Get Started

Moomoo Active Traders 5 Stars Get Started

TD Ameritrade Day Traders 5 Stars Get Started



Step 2: Select your number of shares.

You will buy a particular number of shares of each stock you select based on:

* Your daily budget. Determine how much you want to spend and remain within your budget to avoid overleveraging yourself.

* Your position. Your position may be short or long. You might plan to buy more stock in the future, or you might want to get out quickly. Decide on a strategy before buying.

* Industry volatility. If a certain industry is highly volatile, you may want to take short positions rather than stockpiling stock for the long-term.

Step 3: Choose an order type.

Your order type changes based on your needs. A market order buys and/or sells at the current price.

Bracket orders set high and low prices at which you will sell or buy to protect your position.

Fill or kill orders cannot happen unless they can be filled immediately. Otherwise, the price could change.

Step 4: Execute your trade.

After executing a trade, you should go back to your dashboard to check your portfolio. You need to know your current position so you can make smarter decisions going forward.

ADP History

Using Benzinga Pro is the smart move when you want to stay ahead of the game on ADP and other stocks. Because ADP can trend any time job figures are released, you can invest in this stock strategically, increase your net worth and/or diversify your portfolio.

Data--like this chart--can change the way you invest and help you make better plays on the stock market.