The stock market closed mixed anew as investors braced for key consumer inflation report. Such is set to be released on Wednesday morning.
Overall, S&P 500 was up 0.1% to 5,843, while NASDAQ declined 0.2% to 19,044.
Tweet of the Day
One company that will be a key contributor in rebuilding California from the wildfires is Waste Management $WM. The company is the biggest recycler and biggest landfill company in North America.
— David Sharek (@GrowthStockGuy) January 14, 2025
Chart of the Day
Here is the ten-year chart of Waste Management (WM) as of November 5, 2024, when the stock was at $216.
Waste Management is growing strong due to price increases and higher efficiency. Last quarter, the company achieved a 20% profit growth on 8% revenue growth as core prices rose 6.5%. Efforts to retain frontline staff, reduce costs, and offer unique services boosted earnings and grew profit margins.
Waste Management has been spending on technology and recycling upgrades which boost efficiency, increase automation, and lower labor costs. The company is moving forward with acquiring Stericycle, which will add medical waste services to its portfolio.
Stericycle’s shareholders approved the merger, and all international regulators except Canada have cleared it, with Canada’s approval in progress.
WM is part of our Conservative Growth Portfolio. It is a buy-and-hold Blue Chip stock.
