ADP, Pepsi and TJX Are Quality Growers Says Jensen Fund Manager

The strong September payroll report and increased healthcare complexity are creating a strong tailwind for shares of ADP, said Eric Schoenstein, Portfolio Manager for the Jensen Quality Growth Fund. Schoenstein added that ADP's spin-off of CDK Global makes ADP a more focused company. He is also bullish on shares of TJX, saying the retailer is a perfect destination for cash-strapped consumers seeking brand name items. Finally, Schoenstein likes Pepsi's stock because of the company's global business. He added that he likes the company even without a spin-off of the fast growing Frito-Lay division.