Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6529
    +0.0011 (+0.17%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • Bitcoin AUD

    107,270.17
    -705.64 (-0.65%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6044
    +0.0010 (+0.17%)
     
  • AUD/NZD

    1.0903
    +0.0001 (+0.01%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     

Recession or Not, This Aspiring Dividend Aristocrat Continues to Put Up Monster Results

Recession or Not, This Aspiring Dividend Aristocrat Continues to Put Up Monster Results

WM (NYSE: WM), formerly known as Waste Management, is one of the few industrial stocks that is outperforming the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average so far in 2022. In fact, share prices of WM are down just 7% from their all-time highs, while the Nasdaq is in a deep bear market and the S&P 500 is just a few percentage points away from a bear market. Demand for its services is far less correlated to the economic cycle than most industrial companies.