Bullish Case: WM's innovative waste management tech aligns with global sustainability trends, demonstrated by historical profit growth and strong market position.


Bearish Case: Recent insider selling and high P/E ratio may indicate overvaluation and potential downside risks for WM.


Potential Outcomes: Tech advances and circular economy adoption (60%), sustainability initiatives driving market leadership (55%), regulatory pressures affecting costs (40%).


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April 09, 2024


Waste Management Forecast

WM        Waste Management
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with WM



WING Forecast + Options Trading Strategies   [WING]  Wingstop (0.93)


MSI Forecast + Options Trading Strategies   [MSI]  Motorola (0.92)


TME Forecast + Options Trading Strategies   [TME]  Tencent Music Entertainment Group - (0.91)


TXRH Forecast + Options Trading Strategies   [TXRH]  Texas Roadhouse (0.91)


BYRN Forecast + Options Trading Strategies   [BYRN]  Byrna (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to WM



TUR Forecast + Options Trading Strategies   [TUR]  BlackRock Institutional Trust Company N.A. - iShares MSCI Turkey (0.0)


ATNM Forecast + Options Trading Strategies   [ATNM]  Actinium Pharmaceuticals (0.0)


HPE Forecast + Options Trading Strategies   [HPE]  Hewlett Packard Enterprise (-0.0)


VRNT Forecast + Options Trading Strategies   [VRNT]  Verint Systems (-0.0)


BRCC Forecast + Options Trading Strategies   [BRCC]  BRC (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against WM



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.82)


WTI Forecast + Options Trading Strategies   [WTI]  W & T Offshore (-0.82)


ARRY Forecast + Options Trading Strategies   [ARRY]  Array (-0.82)


AEHR Forecast + Options Trading Strategies   [AEHR]  Aehr Test Systems (-0.83)


WW Forecast + Options Trading Strategies   [WW]  WW International (-0.84)





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