Waste Management Inc
Score: Negative (31)
1 day at current score.
Downgraded from Neutral on June 28th 2018
- 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
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.
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.
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 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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