WM resilient trash collection business model

What happened: Waste Management (WM), a leading trash collection company, has been highlighted as a defensive stock due to its essential services and resilient business model. It recently ranked 12th in a list of top defensive stocks. However, shares of WM crossed below their 200-day moving average of $156.66 on Thursday, trading as low as $155.75.

Market impact: The trash collection sector and WM specifically are in focus. WM's price action may influence investor sentiment towards defensive stocks and essential services. The move below the 200-day moving average could signal a shift in momentum for the stock.

What to watch next: WM's next earnings report, scheduled for April 28, will provide insights into the company's operational performance and guidance. Additionally, any changes in waste management regulations or trends in residential and commercial waste generation could impact WM's stock price. Lastly, a retest or break of the $156.66 level will indicate whether the recent price action is a temporary pullback or a trend change.