Waste Management (WM) Offering Possible 9.29% Return Over the Next 29 Calendar Days

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Waste Management’s most recent trend suggests a bullish bias. One trading opportunity on Waste Management is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 9.29% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $9.15 would be incurred if the stock dropped below the $120.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Waste Management is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Waste Management is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Waste Management

3 Stocks for a Better Retirement
Wed, 21 Apr 2021 09:45:00 +0000
When it comes to investing for your retirement or investing in retirement, it’s hard to beat dividend-paying stocks. Waste Management (NYSE: WM), as you might have guessed by its name, is a garbage specialist. Indeed, with a market value recently near $57 billion, it’s “the leading provider of comprehensive waste management environmental services in North America, providing services throughout the United States and Canada” — and it’s very involved in recycling and energy recovery, too, with multiple landfill gas-to-energy facilities.

3 Stocks From the Waste Management Industry to Watch Out For
Fri, 16 Apr 2021 12:28:12 +0000
3 Stocks From the Waste Management Industry to Watch Out For

DraftKings Partners With the PGA Tour for On-Site Sportsbook
Wed, 14 Apr 2021 19:37:00 +0000
Now PGA Tour spectators will have their own sportsbook to place bets at a PGA Tour event for the first time. The PGA and DraftKings (NASDAQ: DKNG) today announced they will expand their partnership to include a retail sportsbook beginning with the TPC Scottsdale — site of the Waste Management (NYSE: WM) Phoenix Open — in 2023. On Monday, the Arizona legislature cleared the path by authorizing gaming on fantasy sports and sports betting pending the expected signature of Governor Doug Ducey.

Is WM Stock A Buy or Sell?
Wed, 07 Apr 2021 21:26:53 +0000
While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus spending, many smart money investors are starting to get cautious towards the current bull run since March and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting […]

How Waste Management’s Profitability And Competitive Positioning Caught This Analyst’s Eye
Wed, 07 Apr 2021 14:16:29 +0000
Waste Management, Inc. (NYSE: WM) has industry-leading unit profitability and its local competitive positioning is strong, according to Goldman Sachs. The Waste Management Analyst: Jerry Revich initiated coverage of Waste Management with a Buy rating and a price target of $145. The Waste Management Thesis: The company has steadily grown its EBITDA per employee and has meaningfully outperformed the industry average since 2015, Revich said in the initiation note. Waste Management EBITDA per employee has risen by 34% from 2008 to 2020, he added. “WM has the strongest market share at the local level in our coverage, with landfill + transfer station market share at 47% within a 50-mile radius and 54% when excluding transfer stations,” the analyst wrote. This supports “the company’s +10% pricing premium on a spot basis relative to its footprint,” he added. “For capital deployment, we expect a rising focus on stock buybacks following the company’s recent Advanced Disposal Services acquisition,” Revich further mentioned in the note. WM Price Action: Shares of Waste Management are up 0.62% to $132.42 Wednesday morning. (Photo by Pat Moin on Unsplash) Latest Ratings for WM DateFirmActionFromTo Apr 2021Goldman SachsInitiates Coverage OnBuy Feb 2021Morgan StanleyMaintainsEqual-Weight Feb 2021Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for WM View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaPeloton Stock Gets Downgrade In Spite Of Strong Performance: Here’s WhyWhy Did Goldman Sachs Downgrade Chevron, Despite ‘Consistent Performance Track Record’?© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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