Two Directors at Waste Management Inc sold/sold after exercising options 20,404 shares at between 224.711USD and 225.920USD. The significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by ...
Rotation is the Lifeblood of a Bull Market Semiconductors (SMH, SOXX, NVDA, AVGO, etc.) have been leadership since late-2022, but they are extended and are starting to see some profit taking as market participants rotate into other areas of the market that have been lagging (especially Energy, and to a lesser extent banks and small-caps). The question is whether this new trend lasts a few days, or if this is the start of longer-term trend. We would not be surprised to see more consolidation for...
The Pullback Finally Begins; Testing 2-Month Supports We have discussed for months that we will need to see the S&P 500 and Nasdaq 100 (QQQ) close below their 20-day MAs/21-day EMAs for more than 2-3 consecutive days in order to get more cautious. While this has not happened yet (only two consecutive days so far, yesterday and Friday), it does appear to be going in that direction as the U.S. dollar (DXY) climbs to test major $106 resistance, and amid 10- and 30-year Treasury yields breaking abo...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Don't Fight the Fed After a substantial rally, the S&P 500 was unable to break above its 200-day MA and market indexes have violated steep 5-week uptrends; we view this pullback as a critical test. This is where the rubber meets the road as we get to see if prior breakout levels/important moving averages hold and market indexes make a higher low, or if this was nothing more than a bear market rally and we are headed back to new lows. Barring a Fed pivot, and with Treasury yields and the U.S. do...
WASTE MANAGEMENT (US), a company active in the Waste & Disposal Services industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date September 21, 2021, the cl...
Index and Sector Breakdowns Remain Absent Weak market dynamics continue to be counterbalanced by the fact that there is an absence of breakdowns at the index and Sector level; even the weakest Sectors such as Energy (XLE, XOP, RYE) and Transportation (IYT, XTN, JETS) are holding above key supports. Until we start to see breakdowns at the Sector and index level, we remain constructive overall. Breakdowns Remain Absent. There continues to be an absence of breakdowns at the index and Sector level, ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Waste Management, Inc. (WM:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 39.0x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about their renewable energy investments, labor costs, and their differentiation. Specifically, management may lack confidence in their ability to sustain operating EBITDA, maintain dividends from renewable energy investments, and execute their envi...
Breakout Brewing? With the 3200-3230 support level holding strong on the S&P 500, we remain constructive over the intermediate-term as outlined in our 11/3/20 Compass. Considering current market dynamics we see eventual decisive breakouts as the most likely outcome for the major averages, which justifies our positive outlook. At the same time, with the S&P 500, Russell 2000, and Nasdaq 100 climbing 7-12% in just over a week and all three testing logical resistance, we believe there is potential...
Summary Marketline's Casella Waste Systems, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Casella Waste Systems, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakd...
GPS currently trades below recent averages relative to Uniform assets, with a 0.8x Uniform P/B (V/A'). At these levels, the market is pricing in expectations for Uniform ROA to slightly compress from 6% in 2020 to 5% through 2025, accompanied by 2% Uniform asset shrinkage going forward. Analysts have similarly bearish expectations, projecting Uniform ROA to fall to 2% levels through 2022, accompanied by 14% Uniform asset shrinkage. That said, management is confident about growth, margins, and e-...
Waste Management, Inc. (WM:USA) currently trades near historical highs relative to UAFRS-based (Uniform) earnings, with a 38.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is excited about Advanced Disposal acquisition, and confident about liquidity position and shareholder returns Specifically, management generated excitement markers when saying that they wanted their employees to focus on providing exceptional customer service, and when talki...
ALB currently trades near recent averages relative to Uniform earnings, with a 25.1x Uniform P/E (Fwd V/E'). At these levels, the market is pricing in expectations for Uniform ROA to fade from 9% in 2019 to 6% in 2024, accompanied by 8% Uniform asset growth going forward. Meanwhile, analysts have similar expectations, projecting Uniform ROA to decline to 7% in 2021, accompanied by 2% Uniform asset growth. That said, management is excited about raw material costs and confident about lithium trend...
Waste Management, Inc. (WM:USA) currently trades above historical averages relative to UAFRS-based (Uniform) earnings, with a 35.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about their pricing power, volume growth, and cost savings initiatives Specifically, management may lack confidence in their ability to continue raising prices, limit cost increases, and expand their margins. Moreover, they may have concerns about lower...
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