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See what the IHS Markit Score report has to say about Waste Management Inc.

IHS Markit

Waste Management Inc

NYSE:WM

Score: Negative (31)

1 day at current score.

Downgraded from Neutral on June 28th 2018

View full report here!

Summary


  • This company ranked positively in 3 out of 4 IHS Markit Categories but negatively compared to the Industrials sector
  • Perception of the company's creditworthiness is positive
  • ETFs holding this stock have seen outflows over the last one-month
  • Bearish sentiment is low
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Positive

Short interest is extremely low for WM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting WM.

Money flow

ETF/Index ownership | Negative

ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding WM totaled $581 million. Additionally, the rate of outflows appears to be accelerating.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. WM credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.

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