Is Waste Management (WM) the Best Safe Stock to Buy Amid Market Volatility?

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.

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 risk and potential of WM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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