This is just a short note, but I was surprised to see WM near these levels. Other consumer defensive stocks have lately been reasonably strong, and through 2022 WM was one of the most resilient stocks.
The fact that it is still around these levels is sort of concerning. The market is busy going up. This is supposed to be a quality name, but instead it has sort of faded down into lower zones. Perhaps a break lower is eminent?
I like WM's core business over the long term - it is very consistent - but I would be reluctant to get in here without further clarity.
WM sometimes leads and sometimes lags the general market. Mostly it outperforms. They recently had an earnings report that may have shook things up a bit with a major investment in natural gas. But it is holding still. I personally feel like this is a good buying price for WM. It will catch up and most likely outperform the general market soon enough.
They recently had an earnings report that may have shook things up a bit with a major investment in natural gas. But it is holding still.
I personally feel like this is a good buying price for WM. It will catch up and most likely outperform the general market soon enough.