10 Best Industrial Stocks to Invest in Now

7. Waste Management, Inc. (NYSE:WM)

Number of Hedge Fund Investors: 54

Waste Management, Inc. (NYSE:WM) is a unique industrial company that provides waste management solutions. It offers collection services, including picking up and transporting waste and recyclable materials to a transfer station. After rallying 18% in 2024, the stock is already up by 12% for the year, affirming strengthening underlying fundamentals.

Waste Management, Inc. (NYSE:WM) had an impressive 2024 as its revenue surged 8% and 13% in the fourth quarter. Likewise, net income was up 19% in the year and 21% in the fourth quarter. Waste Management is one of the best industrial stocks to buy as it expects revenues to grow by 16% in 2025. It also expects its free cash flow to increase by 18%. The nature of the company’s business underscores why it is a resilient stock, given that there will always be waste to manage regardless of the prevailing economic situation.

Additionally, Waste Management, Inc. (NYSE:WM) has moved to strengthen its long-term prospects by acquiring Stericycle. The acquisition is poised to expand its service offering in the waste management business and diversify its revenue streams. The company has also been aggressive on the acquisition front, spending about $750 million to strengthen its competitive edge. The acquisitions are expected to bolster the annualized revenue base by about $300 million.