Últimas noticias sobre Waste Management (NYSE:WM) Bolsa

Waste Management

WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.

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Waste Management's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) short percent of float has fallen 6.1% since its last report. The company recently reported that it has 3.09 million shares sold short, which is 0.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Waste Management Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730297718_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Waste Management has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Waste Management's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Waste Management's peer group average for short interest as a percentage of float is 3.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About Waste Management?

UBS analyst Jon Windham maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Neutral and raises the price target from $220 to $226.

News

Price Target

Analyst Ratings

UBS Maintains Neutral on Waste Management, Raises Price Target to $226

BMO Capital analyst Devin Dodge maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Market Perform and raises the price target from $213 to $220.

BMO Capital Maintains Market Perform on Waste Management, Raises Price Target to $220

WIIM

Waste Management shares are trading higher after the company reported better-than-expected Q3 financial results and

KEY HIGHLIGHTS FOR THE THIRD QUARTER OF 2024
<ul>
<li>Total Company revenue grew 7.9% driven by core price of 6.5%.(d) In addition to strong execution on pricing, revenue grew above expectations due to higher market prices for the recyclable commodities we sell and a notable increase in landfill volumes. The Company expects full year revenue growth to be about 6%, which is above the high end of prior guidance of 5.75%.(g)</li>
<li>Adjusted operating EBITDA grew $170 million in the quarter driven by the Company's Collection and Disposal business. Adjusted operating EBITDA margin grew 90 basis points to a record high of 30.5%. This strong result puts the Company on track to deliver about $6.5 billion in adjusted operating EBITDA in 2024, which is near the upper end of its guidance range.(a)(e)(g)</li>
<li>The Company continues to prioritize technology and automation to optimize its cost structure and enhance operational efficiency. This is evident in operating expenses as a percentage of revenue improving 70 basis points to 60.6% in the third quarter. This is the fourth consecutive quarter this measure has been below 61%.</li>
<li>SG&amp;A expenses were 9.4% of revenue, or 8.9% on an adjusted basis, reflecting continued discipline in cost control.(a)</li>
<li>The Company completed eight recycling projects in the quarter and has now completed 24 out of its 39 planned automation and new market projects. Completed projects have added 1.5 million tons of annual recycling capacity across North America.(f)</li>
<li>The Company has brought three of its 20 planned renewable natural gas projects into service, including one brought online earlier this year, and currently expects four additional projects to be commissioned by year-end. The Company anticipates that these seven projects will contribute approximately six million MMBtu of annual production next year.(f)</li>
<li>Through the first nine months of the year, the Company generated $3.88 billion of net cash provided by operating activities, an increase of 16.2% from the prior year.</li>
<li>The Company expects total capital expenditures to be $3.15 to $3.25 billion, with about $950 million targeted at sustainability growth investments.</li>
<li>Strong operating cash flow growth combined with disciplined capital spending led to a 20.0% increase in free cash flow on a year-to-date basis. These results put the Company on track to achieve the high end of its guidance of $2.15 billion in free cash flow in 2024.(a)(g)</li>
<li>The Company has invested $790 million on acquisitions in 2024, largely for solid waste businesses. The acquired businesses have contributed $108 million of revenue growth in 2024. Additionally, the Company continues to work through regulatory approval processes to support its planned acquisition of Stericycle. The acquisition is expected to close in the fourth quarter of 2024. Integration planning processes are moving forward as expected.</li>
<li>WM released its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fsustainability.wm.com%2F&amp;esheet=54143031&amp;newsitemid=20241028909138&amp;lan=en-US&amp;anchor=2024+Sustainability+Report&amp;index=1&amp;md5=689101e22c81d69353740cf82cb5303d">2024 Sustainability Report</a> during the third quarter, focused on three core ambitions - material is repurposed, energy is renewable, and communities are thriving. The report details the Company's sustainability ambitions and progress toward its goals.</li>
</ul>

Guidance

WM Expects to Deliver Adjusted Operating EBITDA Near The Upper End Of 2024 Guidance; Expects FY24 Revenue Growth To Be About 6%, Which Is Above The High End Of Prior Guidance Of 5.75%; On Track To Achieve The High End Of Its Guidance Of $2.15B In Free Cash Flow In 2024

Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.89 by 3.7 percent. This is a 20.25 percent increase over earnings of $1.63 per share from the same period last year. The company reported quarterly sales of $5.61 billion which beat the analyst consensus estimate of $5.51 billion by 1.80 percent. This is a 7.91 percent increase over sales of $5.20 billion the same period last year.

Earnings

Waste Management Q3 Adj $1.96 Beats $1.89 Estimate, Sales $5.61B Beat $5.51B Estimate

Investor sentiment turned optimistic towards risk assets early this week as plummeting oil prices, driven by Israel's decision not to target Iran's crude facilities during weekend attacks, eased concerns over an escalated Middle Eastern conflict and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices">potential global economic disruptions.</a>
The S&amp;P 500 gained 0.3%, the tech-heavy Nasdaq 100 mirrored this performance and the Dow added 0.6%.
Economically sensitive small-cap stocks saw stronger gains, with the Russell 2000 soaring 1.5% after a stretch of losses in six of the last seven sessions.
West Texas Intermediate (WTI) crude – tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) – dropped over 5% in midday New York trading, heading for its sharpest one-day decline since July 2022. Natural gas prices also plunged, with Henry Hub prices falling more than 9%, poised for their steepest single-session loss since mid-January.
U.S. energy stocks weakened, with the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) standing as the sole sector in the red on Monday.
Despite the significant drop in energy prices, Treasury yields continued to rise, potentially tempering the stock market&#8217;s bullish momentum. Investors remain cautious about further U.S. fiscal policy deterioration as election season approaches. 
Yields on 10-year Treasury bonds rose by 5 basis points to 4.29%, aiming for their highest close since July 11.
Gold prices held steady around $2,745 per ounce, marking no gains since last Tuesday's close.
Sentiment in cryptocurrency markets remained bullish, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) up 1.4% to over $68,000, reaching a one-week high, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) jumped 4.5% in its third consecutive session of gains, eyeing the highest levels since June.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,242.10</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,381.18</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,828.13</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,409.47</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.54% to $581.22.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.7% to $424.02.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.2% higher to $496.42.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.7% to $222.55.</li>
<li>The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up by 1.1%. The Energy Select Sector SPDR Fund lagged, down 0.8%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Airlines and cruise line stocks rallied as oil prices declined. American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) was up by 4.5%, Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>), up by 4%, United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), up 3.5%, Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), up 4.5%, Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), up 2.8%, and Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), up 0.9%.</li>
</ul>
Stocks reacting on earnings reports included ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), up 4.4% and CenterPoint Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), up 1%. 
Large-cap companies slated to report their earnings after the close are Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), Brown &amp; Brown Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) and F5 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>). 
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41579487/amd-q3-earnings-preview-can-ai-server-gains-help-narrow-the-semiconductor-gap-with-">AMD Q3 Earnings Preview: Can AI, Server Gains Help Narrow The Semiconductor Gap With Nvidia?</a></li>
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Photo via Shutterstock.

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Wall Street Gains As Crude Tumbles, Small Caps Soar, Bitcoin Tops $68,000: What's Driving Markets Monday?

Stocks set for positive start after mixed week, earning news may cushion downside. Nasdaq gains 7th straight week, 7 'Magnificent' companies to post earnings.
U.S. stocks could get off to a positive start on Monday after the <a href="https://www.benzinga.com/markets/equities/24/10/41556896/investors-cautious-with-election-ahead-treasury-yields-surge-further-tesla-surprises-this-week-i">averages registered a mixed week</a>. While the S&amp;P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq Composite chalked its seventh straight week of gains.
Earning news flow will continue to pick up momentum in the coming days, potentially cushioning any downside, with five of the &#8220;Magnificent 7&#8221; companies all set to post their earnings this week. This includes Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.78%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.62%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.52%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.68%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.64% to $582.72 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.77% to $499.11, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week: Amid simmering tensions in the Middle East and Israel's missile strikes in Iran, oil prices tumbled over the weekend.
Treasury yields rose during the week, signaling concerns that regardless of who wins the elections, the next administration might struggle with fiscal discipline. This sentiment was further exacerbated by the International Monetary Fund's warnings on the long-term trajectory&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41495286/deficit-strain-in-washington-will-get-worse-imf-warns-national-debt-projections-rev" target="_blank" rel="noreferrer noopener">of the U.S. national debt</a>.
On the economic data front, the University of Michigan consumer sentiment for the U.S. rose to 70.5 in October compared to a preliminary reading of 68.9.
Both the Dow Jones and S&amp;P 500 ended a six-week winning streak, falling around 1% and 2.7%, respectively. The Nasdaq recorded gains for the seventh straight week, gaining nearly 0.2% last week.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Week&#8217;s Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.2%</td>
<td>18,518.61</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1%</td>
<td>5,808.12</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-2.7%</td>
<td>42,114.40</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.87%</td>
<td>2,207.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts: Ryan Detrick, Chief Market Strategist at Carson Group, highlighted that this was the best "Sell in May" period since 2009.
"This is the best &#8216;sell in May&#8217; period since 2009. Remember when they told us to sell because of valuations, yield curves, wars, inflation, Fed, elections, quad poor, GDI, LEIs, weak breadth, recessions, etc? I do,&#8221; he wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is the best &#39;sell in May&#39; period since 2009. Remember when they told us to sell because of valuations, yield curves, wars, inflation, Fed, elections, quad poor, GDI, LEIs, weak breadth, recessions, etc? I do. Thankfully <a href="https://twitter.com/CarsonResearch?ref_src=twsrc%5Etfw">@CarsonResearch</a> pushed back against them all.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1850733217428431301?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"What happens next? Strength in these usually weak months is a clue the bull is alive and well."
He added that the best six months of the year for equity markets are "right around the corner."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 is currently up 15.4% during the &#39;Sell in May&#39; period for one of the best returns ever. What happens next? Strength in these usually weak months is a clue the bull is alive and well. When &gt;10% or more? Next six months higher 10 of 11 times and up 13.2% on avg. &#x1f4aa; <a href="https://t.co/EpVH1thdKT">pic.twitter.com/EpVH1thdKT</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1850732049952379039?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, despite mega-cap earnings scheduled for this week, rising treasury yields could potentially play spoilsport, according <a href="https://www.schwab.com/learn/story/weekly-traders-outlook">to</a> Nathan Peterson, Director of Derivatives Analysis at the Schwab Center for Financial Research.
"If yields continue to move higher next week this could generate selling pressure, regardless of mega-cap tech earnings," Peterson said.
He underscored that pre-election selling next week is a "possibility" and that there could be higher volatility in the markets.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data: Monday's economic calendar is light, with only the Dallas Fed's Manufacturing Business Index for October set to be released.
<ul>
<li>On Monday, the Dallas Fed Manufacturing Business Index will be released at 10:30 a.m. ET.</li>
<li>On Tuesday, retail (ex-auto) and wholesale inventory data will be released at 8:30 a.m. ET.</li>
<li>House Price Index will be released at 9 a.m. ET.</li>
<li>On Wednesday, Mortgage Market and Refinance indices will be released at 7 a.m. ET.</li>
<li>The Bureau of Economic Analysis will release Q3 GDP numbers at 8:30 a.m. ET.</li>
<li>The U.S. Department of Commerce will release the Q3 Real Consumer Spending data at 8:30 a.m. ET.</li>
<li>Pending home sales data will be released at 10 a.m. ET.</li>
<li>Crude oil inventories data will be released at 10:30 a.m. ET.</li>
<li>On Thursday, pending jobless claims and the Core PCE price index will be announced at 8:30 a.m. ET.</li>
<li>On Friday, payroll data will be released at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), and Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) fell by over 2% in premarket trading due to falling crude oil prices.</li>
<li>Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) rose over 2% after the company sued CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) for the July IT outage, <a href="https://www.benzinga.com/news/24/10/41562639/delta-air-lines-sues-crowdstrike-for-500m-over-july-outage-that-disrupted-flights-affecting-1-3m-cus">saying it cost the company over $500 million</a>.</li>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NASDAQ">TSM</a>) shares fell 1.7% after cofounder Morris Chang warned that the company faces challenges due to a growing threat to the free trade of chips amid geopolitical tensions.</li>
<li>Investors are awaiting earnings results from ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), and Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets: Crude oil futures tumbled in the early New York session, falling by over nearly 6% due to Israel's strikes on Iran.
The 10-year Treasury note yield surged to 4.254%.
Major Asian markets ended mixed on Monday, while European stocks showed tentativeness and were mostly lower in early trading.
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US Stocks Likely To Open In Green As Investors Eye 'Magnificent 7' Earnings This Week: Oil Prices Tumble, Expert Highlights Best 'Sell In May' Period Since 2009

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled mixed on Friday, with the Nasdaq Composite surging to an all-time high during the session.
Tech stocks provided a boost to the market ahead of their upcoming quarterly earnings. Shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAZN#NASDAQ">AMAZN</a>) settled higher on Friday.
Both the Dow Jones and S&amp;P 500 ended a six-week winning streak, falling around 1% and 2.7%, respectively. The Nasdaq recorded gains for the seventh straight week, gaining nearly 0.2% last week.
Shares of HCA Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) fell around 9% on Friday after the company reported weaker-than-expected third-quarter financial results. Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) shares fell around 4% after the company reported third-quarter earnings.
On the economic data front, the University of Michigan consumer sentiment for the U.S. rose to 70.5 in October compared to a preliminary reading of 68.9. U.S. durable goods orders fell by 0.8% to $284.8 billion in September compared to a revised 0.8% fall in August.
Most sectors on the S&amp;P 500 closed on a negative note, with financials, real estate, and utilities stocks recording the biggest losses on Friday. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 260 points to 42,114.40 on Friday. The S&amp;P 500 fell 0.03% to 5,808.12, while the Nasdaq Composite climbed 0.56% at 18,518.61 during Friday's session.
Investors are awaiting earnings results from ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), and Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 58.9, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 61.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Nasdaq Surges To Fresh Highs As Nvidia, Meta And Amazon Register Gains: Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) to report quarterly earnings at 97 cents per share on revenue of $1.75 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. ON Semiconductor shares gained 0.3% to $71.44 in after-hours trading.</li>
<li>Analysts are expecting Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) to post quarterly earnings at 89 cents per share on revenue of $5.00 billion. The company will release earnings after the markets close. Waste Management shares fell 1% to close at $206.80 on Friday.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares rose in after-hours trading after Citadel&#8217;s Ken Griffin reported a 5.4% passive stake in the company. Hawaiian Electric shares gained 5% to $10.24 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
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<li>Before the markets open, CenterPoint Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) is projected to report quarterly earnings at 32 cents per share on revenue of $1.93 billion. CenterPoint Energy shares gained 1.4% to $29.72 in after-hours trading.</li>
<li>Analysts expect Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) to report quarterly earnings at 47 cents per share on revenue of $41.88 billion after the closing bell. Ford shares gained 0.4% to $11.11 in after-hours trading.</li>
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ON Semiconductor, Ford And 3 Stocks To Watch Heading Into Monday

Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is preparing to release its quarterly earnings on Monday, 2024-10-28. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Waste Management to report an earnings per share (EPS) of $1.89.
Anticipation surrounds Waste Management's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.01, leading to a 8.03% drop in the share price the following trading session.
Here's a look at Waste Management's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.83</td>
<td>1.50</td>
<td>1.53</td>
<td>1.61</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.82</td>
<td>1.75</td>
<td>1.74</td>
<td>1.63</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-8.0%</td>
<td>1.0%</td>
<td>6.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729879250_0.png" alt="eps graph" />
<h3>Analyst Opinions on Waste Management</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Waste Management.
The consensus rating for Waste Management is Neutral, derived from 1 analyst ratings. An average one-year price target of $220.0 implies a potential 5.31% upside.
<h3>Peer Ratings Overview</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Republic Servs, Rollins and Clean Harbors, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Republic Servs is favoring an Neutral trajectory, with an average 1-year price target of $214.33, suggesting a potential 2.59% upside.</li>
<li>The consensus among analysts is an Outperform trajectory for Rollins, with an average 1-year price target of $55.0, indicating a potential 73.67% downside.</li>
<li>The prevailing sentiment among analysts is an Outperform trajectory for Clean Harbors, with an average 1-year price target of $265.57, implying a potential 27.12% upside.</li>
</ul>
<h3>Key Findings: Peer Analysis Summary</h3>
The peer analysis summary provides a snapshot of key metrics for Republic Servs, Rollins and Clean Harbors, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Waste Management</td>
<td>Neutral</td>
<td>5.53%</td>
<td>$2.11B</td>
<td>9.35%</td>
</tr>
<tr>
<td>Republic Servs</td>
<td>Neutral</td>
<td>8.64%</td>
<td>$1.67B</td>
<td>4.69%</td>
</tr>
<tr>
<td>Rollins</td>
<td>Outperform</td>
<td>2.73%</td>
<td>$481.63M</td>
<td>10.72%</td>
</tr>
<tr>
<td>Clean Harbors</td>
<td>Outperform</td>
<td>11.08%</td>
<td>$517.18M</td>
<td>5.61%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Waste Management ranks in the middle for revenue growth among its peers. It leads in gross profit margin. The company also has a higher return on equity compared to its peers.
<h3>Discovering Waste Management: A Closer Look</h3>
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.
<h3>Key Indicators: Waste Management's Financial Health</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Positive Revenue Trend: Examining Waste Management's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.53% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Waste Management's net margin is impressive, surpassing industry averages. With a net margin of 12.59%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Waste Management's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.35%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Waste Management's ROA stands out, surpassing industry averages. With an impressive ROA of 2.04%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Waste Management's debt-to-equity ratio stands notably higher than the industry average, reaching 2.25. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/WM/earnings">To track all earnings releases for Waste Management visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Waste Management's Future Earnings

Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) will release earnings results for its third quarter, after the <a href="https://www.benzinga.com/quote/WM/earnings">closing bell on Monday, Oct. 28,</a>
Analysts expect the Houston, Texas-based company to report quarterly earnings at $1.89 per share, up from $1.63 per share in the year-ago period. Waste Management projects to report revenue of $5.51 billion for the recent quarter, compared to $5.2 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Oct. 3, William Blair analyst Trevor Romeo initiated coverage on Waste Management with an Outperform rating.
With the recent buzz around Waste Management, some investors may be eyeing potential gains from the company's dividends, too. Waste Management currently offers an annual dividend yield of 1.44%. That&#8217;s a quarterly dividend amount of 75 cents per share ($3.00 a year).
To figure out how to earn $500 monthly from Waste Management, start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Waste Management's $3.00 dividend: $6,000 / $3.00 = 2,000 shares
So, an investor would need to own approximately $417,820 worth of Waste Management, or 2,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $3.00 = 400 shares, or $83,564 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis (the dividend payment and the stock price fluctuate over time).
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
Price Action: Shares of Waste Management fell by 1.4% to close at $208.91 on Thursday.
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Long Ideas

How To Earn $500 A Month From Waste Management Stock Ahead Of Q3 Earnings

Ratings for Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $219.14, with a high estimate of $235.00 and a low estimate of $204.00. This current average has decreased by 2.67% from the previous average price target of $225.14. 
<img src="https://www.benzinga.com/files/images/story/2024/1727989225_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Waste Management is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$224.00</td>
<td>$229.00</td>
</tr>
<tr>
<td>Devin Dodge</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$213.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Sabahat Khan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$204.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Kevin Chiang</td>
<td>CIBC</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$213.00</td>
<td>$223.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$216.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$229.00</td>
<td>$228.00</td>
</tr>
<tr>
<td>Tobey Sommer</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$235.00</td>
<td>$240.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Waste Management. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Waste Management compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Waste Management's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Waste Management's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/WM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Waste Management analyst ratings.</a>
<h2>Unveiling the Story Behind Waste Management</h2>
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.
<h3>Understanding the Numbers: Waste Management's Finances</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Waste Management showcased positive performance, achieving a revenue growth rate of 5.53% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Waste Management's net margin excels beyond industry benchmarks, reaching 12.59%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.35%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Waste Management's ROA excels beyond industry benchmarks, reaching 2.04%. This signifies efficient management of assets and strong financial health.
Debt Management: Waste Management's debt-to-equity ratio stands notably higher than the industry average, reaching 2.25. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 7 Analyst Projections For Waste Management

William Blair analyst Trevor Romeo initiates coverage on Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Outperform rating.

Initiation

William Blair Initiates Coverage On Waste Management with Outperform Rating

Waste Management, Inc., a Delaware corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) ("WM"), announced today that it has received, on behalf of Stericycle, Inc., a Delaware corporation ("SRCL"), the requisite consents to amend the 3.875% Senior Notes due 2029 (the "SRCL Notes") issued by SRCL and the indenture governing the SRCL Notes (the "SRCL Indenture") to eliminate substantially all of the restrictive covenants and events of default, other than payment-related, guarantee-related and bankruptcy-related events of default (collectively, the "Proposed Amendments"), based on the early tender results in connection with WM's previously announced (i) private offer to exchange (the "Exchange Offer") any and all of the $500 million aggregate principal amount outstanding of SRCL Notes held by eligible holders for a series of new notes to be issued by WM (the "WM Notes"), and (ii) WM's related solicitation of consents, on behalf of SRCL (the "Consent Solicitation"), to adopt the Proposed Amendments, pursuant to the terms and subject to the conditions set forth in an exchange offer memorandum and consent solicitation statement, dated September 10, 2024 (the "Offering Memorandum").

Offerings

WM Announces Successful Early Tender Results In Private Exchange Offer And Consent Solicitation For Any And All Of Stericycle $500M Outstanding 3.875% Senior Notes Due 2029

Waste Management's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) short percent of float has fallen 13.48% since its last report. The company recently reported that it has 3.10 million shares sold short, which is 0.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.77 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Waste Management Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726588818_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Waste Management has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Waste Management's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Waste Management's peer group average for short interest as a percentage of float is 3.38%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Waste Management's Recent Short Interest

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$66.00</td>
<td>$68.0K</td>
<td>827</td>
<td>2.0K</td>
</tr>
<tr>
<td>EOSE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.00</td>
<td>$42.2K</td>
<td>2.4K</td>
<td>919</td>
</tr>
<tr>
<td>RUN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$18.00</td>
<td>$43.6K</td>
<td>3.1K</td>
<td>402</td>
</tr>
<tr>
<td>UPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$120.00</td>
<td>$62.0K</td>
<td>3.8K</td>
<td>255</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$140.00</td>
<td>$109.0K</td>
<td>188</td>
<td>242</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$130.00</td>
<td>$26.9K</td>
<td>2.7K</td>
<td>65</td>
</tr>
<tr>
<td>DOV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$180.00</td>
<td>$40.9K</td>
<td>188</td>
<td>51</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$300.00</td>
<td>$49.5K</td>
<td>467</td>
<td>47</td>
</tr>
<tr>
<td>WM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$215.00</td>
<td>$33.8K</td>
<td>40</td>
<td>40</td>
</tr>
<tr>
<td>CARR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$45.9K</td>
<td>80</td>
<td>30</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on September 20, 2024. This event was a transfer of 2000 contract(s) at a $66.00 strike. This particular put needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $68.0K, with a price of $34.0 per contract. There were 827 open contracts at this strike prior to today, and today 2002 contract(s) were bought and sold. 
• Regarding EOSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>), we observe a call option sweep with bullish sentiment. It expires in 67 day(s) on November 15, 2024. Parties traded 800 contract(s) at a $2.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $42.2K, with a price of $52.0 per contract. There were 2489 open contracts at this strike prior to today, and today 919 contract(s) were bought and sold. 
• Regarding RUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on September 20, 2024. Parties traded 341 contract(s) at a $18.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $43.6K, with a price of $128.0 per contract. There were 3142 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• Regarding UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we observe a put option sweep with bullish sentiment. It expires in 130 day(s) on January 17, 2025. Parties traded 141 contract(s) at a $120.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $62.0K, with a price of $440.0 per contract. There were 3886 open contracts at this strike prior to today, and today 255 contract(s) were bought and sold. 
• For MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we notice a put option sweep that happens to be bearish, expiring in 39 day(s) on October 18, 2024. This event was a transfer of 100 contract(s) at a $140.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $109.0K, with a price of $1090.0 per contract. There were 188 open contracts at this strike prior to today, and today 242 contract(s) were bought and sold. 
• Regarding RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), we observe a call option sweep with neutral sentiment. It expires in 165 day(s) on February 21, 2025. Parties traded 65 contract(s) at a $130.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $415.0 per contract. There were 2745 open contracts at this strike prior to today, and today 65 contract(s) were bought and sold. 
• Regarding DOV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>), we observe a call option trade with bearish sentiment. It expires in 67 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $40.9K, with a price of $820.0 per contract. There were 188 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
• Regarding CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we observe a put option sweep with bearish sentiment. It expires in 284 day(s) on June 20, 2025. Parties traded 30 contract(s) at a $300.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $1650.0 per contract. There were 467 open contracts at this strike prior to today, and today 47 contract(s) were bought and sold. 
• Regarding WM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), we observe a put option trade with bearish sentiment. It expires in 32 day(s) on October 11, 2024. Parties traded 40 contract(s) at a $215.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $845.0 per contract. There were 40 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
• Regarding CARR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), we observe a call option trade with bullish sentiment. It expires in 494 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $45.9K, with a price of $1530.0 per contract. There were 80 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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CARR

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10 Industrials Stocks With Whale Alerts In Today's Session

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SRCL

Stericycle Says Merger With Waste Management Got UK Foreign Direct Investment Approval, Expects Merger To Close As Early As Q4 Of 2024

In recent developments, the U.S. Consumer Products Safety Commission (CPSC) has called for an investigation into e-commerce retailers Shein and PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) owned Temu. The demand comes in light of allegations regarding the sale of &#8220;deadly baby and toddler products&#8221; on these platforms, as per a CPSC statement.
What Happened: CPSC Commissioners Peter Feldman and Douglas Dziak are advocating for a probe into the compliance of Shein from Singapore, Temu from China, and other similar foreign-owned e-commerce platforms with CPSC regulations, Reuters reported on Wednesday. The investigation would also scrutinize the management of their third-party sellers and the presentation of imported goods.
Shein and Temu, both of which import budget-friendly goods from China to the U.S., have been flagged by the Commission due to their use of de minimis, a rule which permits packages valued at $800 or less to evade tariffs if shipped directly to consumers.
See Also: <a href="https://www.benzinga.com/news/24/09/40673408/twitter-co-founder-jack-dorsey-endorses-swedish-vpn-service-after-elon-musks-x-gets-banned-in-brazil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Twitter Co-Founder Jack Dorsey Endorses Swedish VPN Service After Elon Musk&#8217;s X Gets Banned In Brazil</a>
The success of Shein and Temu in the U.S. market can be attributed to their low prices and the use of de minimis. However, the quality of their products has been a subject of criticism. In 2023, a bipartisan group of U.S. lawmakers proposed a bill to repeal the de minimis rule, which is extensively used by e-commerce platforms, including third-party sellers on Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
Why It Matters: The e-commerce landscape has been <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39708215/amazon-vs-temu-shein-tiktok-shop-whos-winning-the-us-e-commerce-battle">witnessing a fierce competition</a>, with Amazon.com maintaining its dominance, while emerging players like Temu, Shein, and TikTok Shop are gaining ground. 
However, these Chinese retailers have been facing regulatory challenges. Earlier in July, the European Union (EU) considered imposing<a href="https://www.benzinga.com/news/24/07/39615301/after-regulatory-hurdles-in-us-alibaba-rivals-shein-and-temu-face-customs-in-eu"> customs on inexpensive goods</a> bought online through Chinese retailers like Shein and Temu. Additionally, Shein <a href="https://www.benzinga.com/news/24/08/40487567/shein-takes-legal-action-against-temu-design-theft-and-fraud-allegations-fly">filed a lawsuit</a> against Temu in August for alleged design theft, counterfeiting, intellectual property infringement, and fraud.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40678873/cathie-wood-congratulates-elon-musk-on-xai-milestone-after-ai-firm-brings-100k-nvidia-gpu-colossus-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Congratulates Elon Musk On xAI Milestone After AI Firm Brings 100K Nvidia GPU Colossus Cluster Online In Just 122 Days: &#8216;Many Big Announcements Ahead&#8217;</a></li>
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Photo via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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HOVR

ICFI

IESC

KITT

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PXDT

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Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

Waste Management, Inc. (WM) Q3 2024 Earnings Call Transcript

Truist raised the firm's price target on WM (WM) to $250 from $235 and keeps a Buy rating on the shares following "upside" Q3 results. The firm sai...

WM price target raised to $250 from $235 at Truist

Goldman Sachs raised the firm's price target on WM (WM) to $253 from $250 and keeps a Buy rating on the shares after its Q3 earnings beat. The firm...

WM price target raised to $253 from $250 at Goldman Sachs

Morgan Stanley analyst Toni Kaplan maintained a Hold rating on Waste Management (WM – Research Report) today and set a price target of $227.00. Ton...

Balanced Outlook on Waste Management: Hold Rating Amid Modest Financial Improvements

RBC Capital raised the firm's price target on WM (WM) to $220 from $204 and keeps a Sector Perform rating on the shares after its Q3 earnings beat....

WM price target raised to $220 from $204 at RBC Capital

In a report released yesterday, Sabahat Khan from RBC Capital reiterated a Hold rating on Waste Management (WM – Research Report), with a price tar...

RBC Capital Keeps Their Hold Rating on Waste Management (WM)

BofA analyst Michael Feniger raised the firm's price target on WM (WM) to $225 from $220 and keeps a Neutral rating on the shares following a "soli...

WM price target raised to $225 from $220 at BofA

Robert W. Baird analyst David Manthey has maintained their neutral stance on WM stock, giving a Hold rating today. David Manthey has given his Hold...

Balanced Outlook: Waste Management's Strong Performance Amid High Valuation Concerns

BMO Capital analyst Devin Dodge raised the firm's price target on WM (WM) to $220 from $213 and keeps a Market Perform rating on the shares after i...

WM price target raised to $220 from $213 at BMO Capital

Truist raised the firm's price target on WM (WM) to $250 from $235 and keeps a Buy rating on the shares. The company reported upside Q3 results and...

Press Releases

WM Announces Pricing of $1.5 Billion Senior Notes

WM Sets Date for Second Quarter Earnings Release Conference Call

STERICYCLE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Stericycle, Inc. - SRCL

WM Announces Second Quarter 2024 Earnings

WM Announces Cash Dividend

WM Announces Private Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.'s $500 million Outstanding 3.875% Senior Notes Due 2029

WM Announces Successful Early Tender Results in Private Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.'s $500 million Outstanding 3.875% Senior Notes Due 2029

WM Sets Date for Third Quarter Earnings Release Conference Call

WM Announces Extension of Private Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.'s $500 million Outstanding 3.875% Senior Notes Due 2029

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