Mad Money’s Latest Recap: Jim Cramer’s Strategy for Market Sell-Offs and 16 Stocks Mentioned

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6. Automatic Data Processing, Inc. (NASDAQ:ADP)

Automatic Data Processing, Inc. (NASDAQ:ADP) is included in Mad Money’s latest recap as Jim Cramer outlined his strategy for market sell-offs. A caller inquired if the company will be helped or hurt by AI, and in response, Cramer said:

You know, I have to tell you… This is a great question because I spent the weekend going over the ones that I think are really being killed. I don’t think they can be easily taken down because you need them when you go in front of the IRS.

But you know what? It doesn’t matter… People have decided that this company can be disenfranchised just like Paychex, so they just think that people can create programs that tell you more. And I’ve got, and also of course, they think that unemployment’s going to make it so that there’ll be fewer people having paychecks. I want so much to say you should buy it, but I’ve seen what they did to Paychex, and they can do it to Automatic Data.

Automatic Data Processing, Inc. (NASDAQ:ADP) provides cloud-based human capital management platforms and HR outsourcing services. The company offers software for payroll, compliance, talent management, and employee benefits administration.

While we acknowledge the potential of ADP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADP and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see Mad Money’s Latest Recap: Jim Cramer’s Strategy for Market Sell-Offs and 5 Stocks Mentioned.

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