Reddit Loves Waste Management (WM) as a Top Non-AI Stock, Here’s Why

Core Insights - Waste Management Inc (NYSE:WM) is identified as a top non-AI stock being purchased by Reddit investors ahead of a potential market bubble burst [1] - Analysts from Baird have upgraded Waste Management's stock rating to Outperform from Neutral, highlighting its strong fundamentals and an 8% increase in share price over the past year [2] Company Performance - Waste Management holds approximately 18% of the total addressable market and owns about 10% of landfills in the US [3] - The company has diversified its operations into recycling, healthcare waste, and renewable energy, with recycling contributing around 7% to its total revenue last year [3] - Waste Management has experienced a compound annual growth rate (CAGR) of 8.5% in revenue since 2020, surpassing the sector median growth rate of 4% [3] Market Position - The stock is perceived as defensive due to its core business being relatively insulated from economic slowdowns and tariffs, attracting investors seeking stability amid market uncertainty [4] - While Waste Management is recognized as a solid investment, some analysts believe that certain AI stocks may offer higher potential returns with limited downside risk [4]