WM - Waste Management, Inc.
| Previous Close | 118.71 |
| Open | 118.64 |
| Bid | 0.00 x 1100 |
| Ask | 0.00 x 1400 |
| Day's Range | 117.80 - 119.00 |
| 52 Week Range | 83.22 - 120.58 |
| Volume | 1,314,032 |
| Avg. Volume | 1,754,851 |
| Market Cap | 50.089B |
| Beta (3Y Monthly) | 0.61 |
| PE Ratio (TTM) | 28.84 |
| EPS (TTM) | 4.09 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 2.05 (1.73%) |
| Ex-Dividend Date | 2019-09-05 |
| 1y Target Est | 126.10 |
- InvestorPlace
10 Stocks to Own Through a Global Recession
A recession isn't guaranteed. With each passing day, however, an economic downturn becomes increasingly likely. At the very least, we should expect some broader correction in the markets due to timing issues. After all, we're on a record-breaking bull run. That alone should help adjust how we approach which stocks to buy.Moreover, evidence exists all around us that we'll incur a recession. Obviously, the biggest factor here is the U.S.-China trade war. President Donald Trump has aggressively prosecuted his economic rivalry with China, but his efforts have yielded almost nothing fruitful. And while he has succeeded in damaging the world's second-biggest economy, domestic stability is starting to fracture.This might lead to both sides inking a deal, thereby rendering moot the demand for recession-proof stocks to buy. However, the trade war may have accelerated certain vulnerabilities past the tipping point. More significantly, the trade war has impacted other nations including Germany. Due to uncertainties over the U.K. leaving the European Union, export-dependent Germany risks falling into a recession.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential And if that happens, it will send a ripple effect throughout the world. Therefore, it doesn't hurt to be prepared. Here are 10 recession-proof stocks to buy: Waste Management (WM)Source: rblfmr / Shutterstock.com This is perhaps the ultimate irony. In an article about recession-proof stocks to buy, I'm here talking about Waste Management (NYSE:WM). Although seemingly an illogical idea, it's actually not. You see, Americans produce a massive amount of waste, or roughly 230 million tons of it every year. Right there you have a legitimate bullish argument for WM stock.Due to the almost inhuman rate at which we throw junk away, landfills throughout the country have been nearing capacity. To help remedy this situation, we've been exporting our recyclables to China. We've mixed our trash with our recyclables, but Chinese workers have sifted through the junk to find recyclable items. However, trade war tensions destroyed this relationship, which might be a benefit to WM stock.Why? With China and other countries rejecting our trash, land earmarked for waste will jump to a premium. And I don't think it's any surprise that WM stock is one of the strongest-performing recession-proof stocks to buy. Procter & Gamble (PG)Source: Jonathan Weiss / Shutterstock.com I couldn't think of a more boring name than Procter & Gamble (NYSE:PG). Known everywhere for their household goods, the company specializes in such compelling products like diapers, detergent and over-the-counter anti-diarrhea medicine. But if you want to protect yourself with recession-proof stocks to buy, boring is usually best.The markets fully agree with this basic assessment. On a year-to-date basis, PG stock has gained over 33%. Moreover, shares have charted a very clean and consistently rising trend channel. This has been accentuated only by brief moments of volatility. Plus, shares have recovered well from the 800-point drop in the Dow Jones Industrial Average in mid-August. * 10 Marijuana Stocks to Ride High on the Farm Bill But will PG stock continue to trek higher? If we head toward a recession, this is one of the few names that will give you confidence. That's because practically everything that Procter & Gamble sells is a necessity, whether we have a downturn or not. Home Depot (HD)Source: Ken Wolter / Shutterstock.com In discussions about recession-proof stocks to buy, Home Depot (NYSE:HD) comes up often. I believe that's the case because HD stock has both bullish and bearish catalysts.When things are going well, Home Depot benefits from more construction activity. During downturns, its revenue streams are somewhat insulated because repairs and renovations don't wait for recessions. And since other sectors are doing poorly in bear markets, HD stock wins over defensive-minded investors.Unsurprisingly, Home Depot shares have performed well this year, gaining about 30%. However, HD stock has offered up a turbulent ride toward those returns, worrying some onlookers.That said, the company received some good news. Due to the repercussions of the U.S.-China trade war, Home Depot's suppliers are shifting manufacturing from China to other countries like Taiwan or Vietnam. That translates to a significant mitigation of the trade war impact, bolstering the argument for HD stock. Dollar General (DG)Source: Jonathan Weiss / Shutterstock.com I've said this before, but the best recession-proof stocks to buy have the most straightforward and logical arguments. Under this context, you should definitely consider adding Dollar General (NYSE:DG) to your portfolio.Simply put, DG stock is a direct play on consumer behaviors during an economic downturn. What do most people do when job opportunities run dry? They buckle in for a long financial winter. For many folks, that translates into doing whatever is necessary to save money, including shopping at dollar-only stores.Another factor benefiting DG stock is that such stores offer comprehensively great deals. For instance, I once picked up a can opener for a buck. To this day, this cheap can opener has never failed me, whereas a $12 variant from a big-box retailer might not last a year. * 10 Stocks to Buy on the Trade War Dip Overall, I think this is the reason why DG stock is up nearly 30% YTD. During this period of extended saber-rattling and worrisome economic metrics, Dollar General has become incredibly relevant. Kroger (KR)Source: Jonathan Weiss / Shutterstock.com Over the years, I haven't shown much love toward grocers like Kroger (NYSE:KR). A big reason why is competition. Not only do you have disruptive organizations like Amazon (NASDAQ:AMZN) encroaching into the arena, big-box retailers like Walmart (NYSE:WMT) and Target (NYSE:TGT) offer one-stop-shop solutions, which include groceries. Thus, KR stock has a steep uphill climb to navigate.Furthermore, I have been right on my hesitancy toward KR stock. However, with Wall Street now shifting their focus to recession-proof stocks to buy, Kroger suddenly looks much more interesting. Of course, some serious risks abound. For instance, shares are down 15% YTD. This is also a company within an industry that depends on high volume to compensate for the low margins.However, KR stock has an advantage during downturns. As a strictly grocery specialist, Kroger can offer lower prices due to bulk shipments. Furthermore, Amazon's disruptive acquisition, Whole Foods Market, probably won't do so well in a recession. Thus, don't overlook KR in your search for recession-proof stocks to buy. Ross Stores (ROST)Source: Andriy Blokhin / Shutterstock.com If you're like me, you probably don't care too much about fashion trends: you just buy whatever looks best on you. And for that reason, I love off-season discount retailers like Ross Stores (NASDAQ:ROST). I get to buy brand-name shoes and apparel, simply because they weren't popular enough or they're a few months old. Millions feel the same way, which supports the case for ROST stock during bull markets.But even in bear markets, ROST stock is compelling. That's because recessions don't happen like a light switch. A decline in GDP doesn't immediately evoke images of a dystopian nightmare. Instead, people do normal things, but with a more cost-conscious mindset. Logically, this environment benefits ROST stock. * 10 Stocks Under $5 to Buy for Fall The markets have agreed with this assessment. Currently, ROST stock is up over 29% YTD. Moreover, shares have so far handled the August volatility well, moving up slightly for the month. Therefore, this is another name to keep on your list of recession-proof stocks to buy. Kirkland Lake Gold (KL)Recession-proof stocks to buy don't always have to be so boring and predictable, as Kirkland Lake Gold (NYSE:KL) proves. As you might deduce from the name, KL stock is a precious metals mining investment. And I really love gold and silver in this particular market setup.Primarily, I say this because the Federal Reserve is essentially greenlighting gold and silver prices to jump to all-time records. How? In late July, the Fed announced that they will cut benchmark interest rates, a first since 2008. Later, the yield curve inverted, which basically forces the central bank to cut rates further to flatten the curve.Generally speaking, these actions are inflationary for the U.S. dollar. And that is good for gold and silver prices, which in turn benefits KL stock.Another factor bolstering shares is the political stability of their projects. Largely doing business in Canada and Australia, these two nations have stable infrastructures and are allied with the U.S. With precious metals moving higher, KL stock just seems like a no-brainer. AMC Entertainment (AMC)Source: Sundry Photography / Shutterstock.com Unfortunately, cineplex operator AMC Entertainment (NYSE:AMC) hasn't panned out as I had hoped. Of course, the critics would blast me for even thinking about AMC stock. In a world where streaming giant Netflix (NASDAQ:NFLX) dominates the content-entertainment ecosystem, AMC seems anachronistic, like a time-traveling DeLorean.A major reason why AMC stock hasn't performed to speculators' expectations is this year's movie offerings. In my opinion, it's a very slow season for Hollywood. Furthermore, it won't get better until Disney (NYSE:DIS) releases its highly anticipated "Star Wars" film.But as a speculative play among recession-proof stocks to buy, I like my chances with AMC stock. No matter what, humans are social creatures. Therefore, no amount of streaming will change our hardwired psychology to interact with others. * The 10 Best Cheap Stocks to Buy Right Now Plus, AMC represents (relatively) cheap entertainment. Even with buying outrageously priced popcorn and drinks, you're still better off at the box office than at a typical NFL game. And during a downturn, that pricing advantage is a huge tailwind. RCI Hospitality (RICK)If you're looking for viable recession-proof stocks to buy, RCI Hospitality (NASDAQ:RICK) isn't an equity that you would put on your portfolio. Instead, you would recommend RICK stock to your "friend," who utilizes the company's services frequently. In fact, your "friend" probably has a problem receiving too much hospitality.Joking aside, RICK stock is one of the most interesting and controversial recession-proof stocks to buy. In the aftermath of the Great Recession, several gentlemen's clubs reported that business was booming. Psychologically and practically, I understand why. Men need an outlet after suffering humiliation at work. On the other hand, some women are willing to provide acrobatic hospitality when opportunities run dry.Of course, this is a really shady way of profiting from a possible downturn. However, if you're truly agnostic about your portfolio, RICK stock offers a pathway to survive and thrive. Anheuser Busch Inbev (BUD)Source: legacy1995 / Shutterstock.com I must admit that I don't feel too terrible about suggesting RICK as one of the better recession-proof stocks to buy. Ultimately, I see this activity as consenting adults doing adult things.However, I feel almost shameful about discussing Anheuser Busch Inbev (NYSE:BUD). It's not because of their underlying product. Few things are as American as having a cold one at a backyard barbeque. Instead, it's the reason behind it: BUD stock may outperform your expectations during a recession.Why is that? According to health-related studies, an economic recession correlates with increased imbibing. That's not a surprise. After all, who hasn't knocked back a few to take the edge off a stressful situation?But the question is, should you profit from this narrative? If you feel that this is also a case of adults being adults, check out BUD stock. Bud Light is the top-selling beer in America. And due to its price point, it's very attractive during a recessionary period.As of this writing, Josh Enomoto is long gold and silver bullion, and AMC stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 10 Stocks to Own Through a Global Recession appeared first on InvestorPlace.
- Zacks
Why Should Investors Hold on to Waste Management (WM) Stock?
Waste Management's (WM) collection and disposal businesses drive strong earnings growth.
- Business Wire
Waste Management, Inc. Elects William B. Plummer to Board of Directors
The board of directors of Waste Management, Inc. (WM) has elected William B. Plummer to its board of directors effective August 19th. Mr. Plummer will serve on the Audit Committee and the Management Development and Compensation Committee of the board. Mr. Plummer’s career includes a broad range of experiences.
- Business Wire
Waste Management Announces Cash Dividend
Waste Management, Inc. today announced the declaration of a quarterly cash dividend of $0.5125 per share payable September 20, 2019 to stockholders of record on September 6, 2019.
- Motley Fool
3 Reasons Why There's Money to Be Made in the Garbage Market
Perhaps some of the best companies to invest in are the ones that we seldom think about, have little to no social buzz, and provide services that we use daily.
- TheStreet.com
Waste Management Rally Is Slowing After 3-Year Run
A couple key charts indicate momentum in the company's shares is slowing, which could foreshadow a consolidation phase or a correction.
- Simply Wall St.
Should You Be Tempted To Sell Waste Management, Inc. (NYSE:WM) Because Of Its P/E Ratio?
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...
- American City Business Journals
Attention, FedEx stockholders: It's time to meet, vote on board nominees
Among the annual stockholder meeting tasks: Vote on the 12 nominees for FedEx's board of directors.
- Zacks
Low Volatility ETFs for Turbulent Times
Investors continue to pour money into low volatility ETFs as they outperform the broader market during high volatility
- TipRanks
4 Defensive Stocks to Weather Trade-War Volatility
Bellicose words and hawkish trade policy have turned into a larger skirmish in the simmering trade war. US President Trump on Thursday tweeted that he would impose new tariffs on Chinese imports starting September 1. The tariffs, set at 10% on some $250 billion in Chinese products, will target consumer goods, including electronics. In response, China allowed the yuan to drop past 7 to the dollar – its weakest in over a decade – a reversal of the government’s usual policy of currency support. China’s government shrugged off Trump’s accusations of currency manipulation, and in today’s trading has set the yuan at a slightly stronger rate.Markets, of course, have reacted, with the Dow Jones losing 5.4% and the S&P 500 losing 5.6% between July 30 and August 5. Both indexes showed modest gains on August 6, and still show strong gains year-to-date.Here, we’ll look at four stocks well-positioned to weather trade-war induced volatility. All are buy-rated, all have recently beaten their earnings estimates, and top analysts have noted paths forward for each of them. And all four fit one of Warren Buffett’s favorite criteria for choosing stocks: “Only invest in simple businesses that you understand.” Coca-Cola Company (KO)We’ll start with the world’s most recognized soft drink, Coca-Cola. Coke is definitely a simple business, in the sense that Buffett meant; even though it markets more than 500 branded products, the company has kept its product line focused steadfastly on bottled beverages. By keeping strictly to a sector it knows and does well, Coke has built a powerful brand and a loyal customer base.On July 23, the company reported 63 cents EPS, beating the forecast by 1.6%. Reported revenues, $10 billion, were just above the expected $9.99 billion. KO shares broke above $54 after the earnings release, and still remains near that all-time high. Year-to-date, KO is up 10.4%.Writing after the earnings report, William Chappell of SunTrust Robinson noted the earnings beat and rising revenues, and said, “The company's strong organic sales trends will continue for the balance of the year based on its anticipated investments and momentum in its markets, with more benign FX conditions in 2020 also relieving some of the headwinds of 2019.” He boosted his price target to $60, to go along with his Buy rating. His target indicates confidence in a 14% upside for KO.RBC Capital’s Nik Modi also sees strength in KO, writing, “The company is executing well against its strategy to becoming a total beverage company—driving both organic revenue and earnings per growth.” Modi sees the company’s near- to mid-term earnings growth remaining in the mid- to high-single digit range. In line with this upbeat outlook, he sets a $60 target on the stock.Overall, Coke’s stock maintains a Moderate Buy rating, based on an even split of 6 buys and 6 holds over the past three months. The current share price is $52.27; as mentioned above, this is close to the stock’s all-time high. The average price target, $57.18, suggests an upside of 9.39% for KO. Johnson & Johnson (JNJ)The consumer health giant offers us an interesting study. It’s a market leader in home health products, and also manufactures a variety of prescription drugs. Both business segments are profitable and tend to outperform the market; yet JNJ is only up 1.33% year-to-date, and the stock has slipped 7% since mid-July. The company’s fortunes are balanced between last month’s strong second-quarter earnings and a series of legal actions that have investors worried.For Q2, JNJ reported a 4.8% earnings beat, with EPS of $2.58 per share against the forecast $2.46. This was a 42% year-over-year gain. Revenues were also beat expectations, by 1.3%, and came in at $20.56 billion for the quarter. That was the good news.The bad news – the legal worries – concerns a set of ongoing issues, on the company’s talcum powder and possible liability exposure to the opioid epidemic, that have been dogging JNJ since last year. Investors are concerned based on the size of potential judgements against the company. BMO analyst Joanne Wuensch addressed the legal cases in her review of the stock two months ago. She said, “Litigation is a common occurrence in the health care sector that takes significant time to resolve, and often headlines are worse than reality.” Believing that JNJ has plenty of underlying strength to fall back on, she gives the stock a $157 price target and a 20% upside.Five-star analyst Jayson Bedford, writing from Raymond James, agrees with Wuensch’s assessment of JNJ stock. He says, “There is still plenty of drama ahead for Johnson & Johnson investors in the near term, but the company has solid fundamentals and the stock has an attractive valuation.” While upbeat, Bedford’s price target is more cautious, at $146, but still implies an upside of 11.6%.While Johnson & Johnson shows the most near-term weakness of the stocks in this list, it also shows the highest longer-term potential. JNJ shares have a 15% upside, based on a share price of $130 and an average price target of $151. The moderate buy rating is based on 4 buys and 3 holds from the past three months. Sherwin-Williams Company (SHW)Best known for its line of paints, Sherwin-Williams is the leading provider of paints and coating for the industrial and construction sectors. The company pleased investors and analysts last month, when its Q2 EPS of $6.57 beat the forecast by 3.5%. The beat was especially welcome after SHW missed earnings in the previous quarter.Wall Street’s analysts were quick to pick up on SHW’s performance. Writing from RBC Capital, Arun Viswanathan said, “The quarter was driven by strong execution in its North America retail market and a favorable backlog of delayed projects. The company's comps growth of 4.3% topped our forecast of 3% thanks to the higher sales volume and an increase in selling prices.” Viswanathan increased his price target by 6.3%, to $550, indicating a 10% upside for SHW.Susquehanna analyst Don Carson looked at Sherwin-Williams’ forward potential, and wrote, “We have increased confidence in the outlook for strong earnings growth in 2020 given strong Paint Stores Group sales growth in the face of adverse weather which underscores the potential for further margin expansion from falling raw material costs.” Carson’s $580 price target suggests a 16% upside potential for the stock.SHW’s analyst consensus rating of Moderate Buy is based on 7 buys and 4 holds assigned in recent months. Shares are pricey, at $498, but the high share price means the modest dividend yield of 0.91% pays out $4.52 per share annualized. The average price target, $531, implies a 6.58% upside for this stock. Waste Management, Inc. (WM)Our last stock here is also probably the strongest on this list. Waste Management’s 30% year-to-date gain is more than double the S&P 500’s 15%. In addition, Waste Management has consistently beaten the quarterly earnings expectations, and its last report was no exception. The $1.11 EPS was 3.7% higher than the $1.07 forecast, and the $3.95 billion in quarterly revenue was significantly higher than the year-ago quarter’s $3.74 billion.Waste Management’s secret to consistent outperformance is in its name: the company is North America’s largest provider of garbage collection and recycling services. Like Johnson & Johnson, Waste Management leads in a business segment that will always have ready customers. It is a classic defensive stock.The markets top analysts were predictably upbeat after the earnings report. Two analysts – Patrick Brown, from Raymond James, and Derek Spronck, from RBC Capital – both issued increased price targets for WM. Brown raised his to $127, and Spronck set his at $126. At the same time, Scotiabank analyst Mark Neville opened coverage on the stock, with a Buy rating and an aggressive price target of $130. Neville’s target implies an upside potential of 12% for WM shares.The analyst consensus on WM is a Moderate Buy. The stock has received 4 buys and 2 holds in the past three months. Shares are selling for $116, so the $124 price target gives them an upside of 7.3%.
- GuruFocus.com
Stericycle Shares Fall on Disappointing 2nd-Quarter Results
Medical waste company's stock down 70% over past 4 years Continue reading...
- Motley Fool
Is Waste Management a Buy?
North America's top trash hauler has outperformed for years. Can it keep up the good work?
- Zacks
Business Services Earnings on Jul 31: SPOT, NLSN. ADP, APTV
Investors interested in Business Services sector can watch out for quarterly earnings reports of SPOT, NLSN, ADP and APTV.
- Motley Fool
3 Stocks to Recession-Proof Your Portfolio
Owning these big-cap stocks the next time the economy sours could be profit-friendly.
- Thomson Reuters StreetEvents
Edited Transcript of WM earnings conference call or presentation 25-Jul-19 2:00pm GMT
Q2 2019 Waste Management Inc Earnings Call
- Simply Wall St.
These 4 Measures Indicate That Waste Management (NYSE:WM) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- Yahoo Finance
Waste Management CEO: We're trying to do something that's better for the environment
Waste Management CEO Jim Fish joined Yahoo Finance to talk about the company’s environmental sustainability initiatives.
- Yahoo Finance
Waste Management CEO: Business tells us the US economy is strong
Yahoo Finance speaks with Waste Management CEO Jim Fish about the strength of the U.S. economy.
- Motley Fool
Waste Management Scoops Up 5% Revenue Growth
Higher collection and disposal revenue drove the growth and pushed operating cash flow over the $1 billion mark.
- Motley Fool
Waste Management Inc (WM) Q2 2019 Earnings Call Transcript
WM earnings call for the period ending June 30, 2019.
- Zacks
Waste Management (WM) Beats Q2 Earnings, Revenue Estimates
Waste Management's (WM) second-quarter 2019 revenues benefit from strong yield and volume growth in collection and disposal business.
- Zacks
Waste Management (WM) Surpasses Q2 Earnings and Revenue Estimates
Waste Management (WM) delivered earnings and revenue surprises of 3.74% and 0.14%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Waste Management Announces Second Quarter Earnings
Strength of Collection and Disposal Business Drives Overall Revenue Growth of More Than 5%
- TheStreet.com
[video]Waste Management Cleans Up in Q2 Despite Sagging Recycling Revenue
Waste Management reports earnings that surpass analysts' estimates amid ongoing gains in its refuse collection and disposal business, though a drop in recycling revenue offset some of the gains.
- Bloomberg
Waste Management CEO Says Recycling Prices Down, Economic Strength Making Hiring Difficult
Jul.26 -- Jim Fish, Waste Management Inc. chief executive officer, discusses recycling prices, the company's buyback and acquisition strategies, and the overall macroeconomic environment with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
