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Filed under: Newsletters, Automatic Data Proc (ADP), Stocks to Buy

"As far as safety goes, Automatic Data Processing (NYSE: ADP) is hard to beat," says Gregory Dorsey in Leeb's Income Performance Report. Here's the advisor's review.

"In our search for stocks that can not only grow in good times, but will also hold up well when the going gets rough, we find ADP. Its steady cash generation means the company has a number of options at its disposal when it comes to maximizing shareholder value.

Data generated from ComScore (SCOR) over the past quarter led investors to believe that ad-clicks for Google (GOOG) were weak. The GOOG shorts/bears were using the SCOR data as fuel for sending GOOG shares lower this whole year. All that changed yesterday after the close, when GOOG reported stronger advertising revenues that helped to generate EPS of $4.84 versus analysts' consensus estimates of $4.52.<!--more--> EPS grew at a rate of 31.5% versus the same period last year.