After what seemed like a slam-dunk victory for former President Donald Trump, circumstances in the political realm have become much more exciting. It's not entirely clear that Vice President Kamala Harris can do enough to change the dynamics of the race to her favor.

There is no debating that stock market valuations are sky high right now. While the Federal Reserve hinted at rate cuts in September at its latest Federal Open Market Committee (FOMC) meeting, that doesn't mean that stocks are setting up for new highs.

Waste Management's bottom line missed estimates during the second quarter. But WM returns massive value to shareholders through share buybacks and dividends.

The Global Construction & Demolition Waste Management Market Size was Valued at USD 212.7 Billion in 2023 and the Worldwide Construction & Demolition Waste Management Market Size is Expected to Reach USD 369.9 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: Clean Harbors, Inc., Republic Services, FCC Environment, Inc., Veolia Environment, Kiverco, Daiseki Co., Ltd., Windsor Waste, CDE Global Ltd., Renewi plc, Waste Management, Biffa, Covanta Holding, Axens, WM Intellectual Property Holdings, L.L.C., Progressive Waste Solutions Ltd., Other key vendors. The Global Construction & Demolition Waste Management Market Size was Valued at USD 212.7 Billion in 2023 and the Worldwide Construction & Demolition Waste Management Market Size is Expected to Reach USD 369.9 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: Clean Harbors, Inc., Republic Services, FCC Environment, Inc., Veolia Environment, Kiverco, Daiseki Co., Ltd., Windsor Waste, CDE Global Ltd., Renewi plc, Waste Management, Biffa, Covanta Holding, Axens, WM Intellectual Property Holdings, L.L.C., Progressive Waste Solutions Ltd., Other key vendors.

Waste Management provides environmental solutions in the US and Canada. Using a dividend discount model and price multiples, WM's stock appears marginally overvalued. These methods, however, don't account for future share repurchases and the potentially improving interest rate environment. Despite recent earnings miss, WM's growth and investments in renewable projects make it a good long-term investment. Rating updated to "buy".

Coca-Cola, Lockheed Martin, and Waste Management benefit from a consistently reliable customer base. Union Pacific and UPS operate in cyclical industries but have few competitors.

One year ago, I became bullish on Waste Management, which has since outperformed the S&P 500, proving its strength despite being in a non-tech industry. WM's strong fundamentals, driven by technology and pricing strategies, along with strategic acquisitions like Stericycle, offer robust long-term growth potential. Despite a recent sell-off and high valuation, WM remains a stable dividend grower. I'll wait for a further price correction before making it a core portfolio position.

Waste Management's (WM) second-quarter 2024 earnings and revenues rise year over year.

WM missed top- and bottom-line expectations for the quarter. The company used pricing power to drive revenue gains, but volumes are a worrisome sign.

Although the revenue and EPS for Waste Management (WM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Waste Management (WM) came out with quarterly earnings of $1.82 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.51 per share a year ago.

The Gates Foundation Trust returned a market-beating 47% over the three years ending in March 2024, due in part to shares of Microsoft and Waste Management. Microsoft ranks as the market leader in cloud computing when infrastructure, platform, and software services are considered collectively.