The stock market rose on Monday, as traders tried to recover following the worst week of the year. Investors also looked ahead to another big week in retail earnings.
Overall, S&P 500 was up 0.3 % to 3,982, while NASDAQ grew 0.6% to 11,467.
Tweet of the Day
Watch List, 2/26: $NVDA $ACLS $FTNT $PANW $ANET $MELI
Charts courtesy of @MarketSmith
— TML Trader (@TMLTrader) February 26, 2023
Chart of the Day
Here is the ten-year chart of Waste Management (WM) as of February 15, 2023, when the stock was at $152.
Waste Management is North America’s leading provider of comprehensive waste management, providing services throughout the United States and Canada . The company is the biggest recycler and biggest landfill company in North America.
The company just delivered another year of steady growth. Overall, profits were up 15% in 2022, which is a solid figure for what David Sharek considers to be a 10% to 12% grower.
The stock has an estimated long-term profit growth rate of 9% a year, in addition to a 2% yield.
Management bought back $1.5 billion in stock in 2022, and paid an additional $1 billion in dividends to shareholders.
WM is part of the Conservative Growth Portfolio. It’s a buy-and-hold Blue Chip stock.
