Here's Why Waste Management (WM) is a Strong Momentum Stock

Company Overview - Waste Management Inc. is a leading provider of comprehensive waste management services in North America, offering collection, transfer, recycling, resource recovery, and disposal services to various customer segments [7] - The company is also a prominent developer, operator, and owner of waste-to-energy and landfill gas-to-energy facilities in the United States [7] Investment Highlights - Waste Management (WM) has a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong investment potential [21] - The company's shares have increased by 6.9% over the past four weeks, reflecting positive momentum [8] - One analyst has revised their earnings estimate upwards for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.02 to $7.31 per share [22] - WM has an average earnings surprise of 7%, suggesting a history of exceeding earnings expectations [22] Style Scores - WM has a Momentum Style Score of B, which is favorable for momentum investors [8] - The VGM Score combines value, growth, and momentum indicators, making it a comprehensive measure for assessing WM's investment attractiveness [16]