Waste Management(WM) ZACKS·2024-12-24 15:45Core Insights - The article discusses the Zacks Premium service, which provides tools and resources for investors to enhance their stock market knowledge and confidence [1][3] Zacks Style Scores - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks with the best chances of outperforming the market in the short term [6] - Each stock is rated from A to F, with A indicating a higher likelihood of outperforming the market [7] - The Style Scores are categorized into Value Score, Growth Score, and Momentum Score, each focusing on different investment strategies [8][9] Investment Strategies - Value investors seek stocks trading below their true value using metrics like P/E and Price/Sales ratios [8] - Growth investors focus on a company's financial health and future outlook, analyzing projected earnings and cash flow [4] - Momentum traders capitalize on price trends, using recent price changes and earnings estimate shifts to guide their investments [9] Zacks Rank and Performance - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [11] - The Zacks Rank system categorizes stocks into five ranks, with over 800 stocks typically rated 1 or 2, making it essential for investors to filter through these options [12][13] Stock Highlight: Waste Management Inc. - Waste Management Inc. is a leading provider of waste management services in North America, offering a range of services including collection, recycling, and waste-to-energy solutions [16] - The company currently holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of B, indicating solid performance potential [17][18] - Recent upward revisions in earnings estimates suggest a positive outlook, with a consensus estimate of $7.32 per share for fiscal 2024 and an expected year-over-year earnings growth of 18.3% [20]