The stock market posted gains on Wednesday after private payroll surprisingly declined 32,000 in November. However, this boosted expectations that the Federal Reserve may cut interest rates soon.
Overall, S&P 500 was up 0.3% to 6,850, while NASDAQ rose 0.2% to 23,454.
Chart of the Day
Here is the one-year chart of Waste Management (WM) as of November 10, 2025, when the stock was at $200.
The company saw a decline in residential collection and lower prices for recycled trash. The Recycling segment saw a 14% decline in revenue growth last quarter.
Even with the recent earnings miss, management said the company has started realizing returns from its sustainability investments and strategic acquisitions. The company is poised to reap the benefits of its sustainability investments and strategic acquisitions, which should bode well in the next couple of years.
In fact, profit growth looks good for the next 4 quarters, with profits expected to climb an average of 11% a quarter during the next year.
WM is part of our Conservative Growth Portfolio. It’s a buy-and-hold Blue Chip stock.
