Monday, May 16, 2022

♟ What Business Never Slows During a Recession?

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"Even if we slip into a recession, Waste Management is posting sales growth and has free cash flow, making it an ultimate 'safe haven' play right now."

Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance

Bryan Bottarelli

Let me ask you a question...

If we officially move into a recession, will the amount of trash your household produces go down?

I would venture to say no.

Not at all.

That's one big reason why Waste Management (NYSE: WM) might be worth owning right now.

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The company is the leader in the U.S. trash market, with 29% of the entire country's landfill volume under its control.

As of December, it operated 255 solid waste landfills, five secure hazardous waste landfills and 340 transfer stations (in addition to providing commodity recycling services).

If you run a scan for stocks in this market that are continuing to post sales growth and have free cash flow, you'll see that Waste Management currently ranks in the top 10.

This could make it a bargain that also provides safety in today's market environment.

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YOUR ACTION PLAN

With Waste Management (NYSE: WM) shares down 6.8% this year, right now could be a great time to add the company to your portfolio. Even if we slip into a recession, Waste Management is one of very few outfits posting sales growth while having free cash flow - which makes it an ultimate "safe haven" play right now.

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It sounds crazy. After all, 47 million Americans quit their jobs in 2021.

You'd think that would be BAD for businesses.

But in fact, it's fast-tracking a technology that fueled Amazon's 1,957% surge in 11 years.

Click here to find out what it is - and why nine of the world's ten richest people are piling into it!

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MONDAY MARKET MINUTE

  • Could Trash Be A Treasure?Waste Management (NYSE:WM) continues to post sales growth and free cash flow. Down 6.8% this year, it could represent a safe haven if we slip into a recession. Tracking.
  • How High For SoFi?Sofi Technologies (NASDAQ:SOFI) was upgraded by Piper Sandler to "Overweight" from "Neutral". A Piper Sandler analyst said SoFi's revenue growth "should lead to significant earnings momentum throughout 2023 and 2024."

 

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