We just covered Bill Gates’ 2026 Portfolio: Top 10 Stocks to Buy. Waste Management (NYSE:WM) ranks #2 (see the Bill Gates’ 2026 Portfolio: Top 5 Stocks to Buy).
Waste Management (NYSE:WM) is a defensive, non-discretionary business with high customer retention and stable revenue. Waste Management (NYSE:WM) operates over 250 solid waste landfills across North America and has a durable moat since obtaining new landfill permits in the U.S. is extremely difficult. Its scale and long-term contracts allow Waste Management (NYSE:WM) to maintain pricing power and resilient cash flow even during economic volatility.
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Waste Management (NYSE:WM)’s transition into renewable energy is a major growth catalyst. The company is investing billions into 20 new renewable natural gas (RNG) plants, expected to generate an incremental $450–500 million in annual EBITDA. This expansion positions Waste Management (NYSE:WM) not just as a waste hauler but also as a player in the green energy transition, benefiting from ESG mandates and carbon credit markets.
While we acknowledge the potential of WM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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