Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession

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

Number of Hedge Fund Holders In Q3 2024: 54

Waste Management, Inc. (NYSE:WM) is one of the largest trash collectors and waste processors in America. Its key role in a recession-proof industry meant that even as broader industrial stocks struggled in 2024, Waste Management, Inc. (NYSE:WM)’s closed the year 13.9% higher. Waste Management, Inc. (NYSE:WM) also spent the year expanding its business by adding medical waste disposal to its portfolio. and purportedly considering a divestiture of its gas business as gas prices dropped by as much as 40%. Here’s what Cramer said about Waste Management, Inc. (NYSE:WM):

“Now see, when you’re starting to see stocks like WM, Waste Management, they’re going up. That’s just entirely related to the clean up and the fact that there will be money for the clean up, that’s probably their biggest business. But I’m surprised that it’s already, the market is factoring in, what’s going to change in LA.”