This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ADP Says Private Employers Add 158,000 Jobs in March: Hot Trends

Stocks in this article: MON

NEW YORK ( TheStreet) -- Popular searches on the Internet include ADP report after the payrolls processor said that private employers added 158,000 jobs in March, the fewest in five months and below economists' expectations of 200,000 jobs.

In February, private employers added 237,000 jobs and 177,000 were added in January.

The figures were held back by stalled hiring in the construction sector, where no jobs were added despite average monthly gains of 29,000 in the three months before, likely tied to rebuilding efforts after Hurricane Sandy.

The report comes ahead of of the government's labor market report on Friday, which accounts for both public and private employment. It's expected that the labor market report will show a gain in overall nonfarm payrolls of 200,000 last month, with the unemployment rate holding steady at 7.7%, although the ADP report suggests that the government's figures may come in below forecasts.

Monsanto (MON) is trending after the seedmaker reported a 22% increase in fiscal second-quarter profit, beating expectations.

The company reported earnings of $1.48 billion, or $2.74 a share, last quarter, compared to a profit of $1.21 billion, or $2.24 a share, a year ago. Excluding items, the company earned $2.73 a share, exceeding analysts' expectations of earnings of $2.58 a share.

Monsanto's better-than-expected earnings were driven by solid cord seed and trait sales, which increased 16.5% from a year ago to $3.28 billion.

The company raised its full-year guidance to earnings per share of $4.40 to $4.50 in the full year. Analysts had been looking for earnings of $4.58. It also confirmed free cash flow guidance of $1.8 billion to $2 billion.

Subaru is another popular search. The automaker is recalling about 200,000 Legacy and Outback vehicles due to brake problems.

The recall pertains to model years 2005 through 2009 and vehicles sold in 20 states and Washington, D.C.

Subaru said it is issuing the recall as salty water can cause the brake lines to rust and leak fluid. If that occurs, vehicles may have trouble stopping, which could lead to an accident.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs