Significant ETF Withdrawals: USMV, MCK, COR, WM
52-Week Range of USMV: The USMV ETF has a 52-week low of $83.99 and a high of $95.59, with the last trade recorded at $94.31.
Understanding ETFs: Exchange-traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand.
Monitoring ETF Flows: Weekly monitoring of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), impacting the underlying assets.
Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
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- Carvana Earnings Highlights: Carvana reported a 58% year-over-year revenue growth in Q4, reaching $5.6 billion, although its EBITDA of $511 million fell short of the expected $535.7 million, indicating strong revenue growth potential despite high cost pressures.
- Block Stock Analysis: While Block's stock has stagnated since its pandemic peak, analysts overwhelmingly rate it as a strong buy, with a 12-month price target of $87.27, suggesting a 25% upside from current levels, reflecting confidence in its future growth.
- WM's Market Position: Waste Management holds a significant position in the U.S. waste management market with over 260 landfills and 500 transfer facilities, and as waste generation continues to rise, the company is poised to benefit from increasing demand.
- Long-term Investment Returns: WM has outperformed the S&P 500 over the past decade, and despite recent spending pressures from its entry into the medical waste sector, its 23 consecutive years of per-share dividend growth and ongoing stock buybacks provide a stable return outlook for investors.
Company Overview: Waste Management Inc. is a leading provider of waste management services in North America.
Stock Price Update: Raymond James has raised the target price for Waste Management's stock to $243 from $238.
- Performance Overview: Waste Management Inc reported Q1 earnings that exceeded expectations, although specific figures were not disclosed, indicating strengths in cost control and operational efficiency, despite sales falling short of market forecasts, reflecting challenges from increased industry competition.
- Sales Shortfall: While earnings were strong, the sales figures did not meet analyst expectations, which could undermine investor confidence in the company's future growth potential, particularly amid heightened economic uncertainty.
- Analyst Target Revisions: Following the earnings report, analysts revised their price targets for Waste Management, reflecting varying market perspectives on the company's future performance, which may lead to stock price volatility.
- Market Reaction: Investor reactions to the mixed results could influence Waste Management's stock price trajectory, especially as the company seeks to enhance sales and market share, making future strategic adjustments critical.
- Operating EBITDA Growth: Waste Management's operating EBITDA grew nearly 6% in Q1 2026 compared to Q1 2025, indicating the company's ability to maintain profitability while continuously optimizing operational efficiency in a competitive market.
- Significant Free Cash Flow Increase: The first quarter free cash flow reached $920 million, nearly doubling from the same period last year, enabling the company to return approximately $730 million to shareholders through dividends and share repurchases, thereby enhancing investor confidence.
- Renewable Energy Business Doubling: In the renewable energy sector, operating EBITDA more than doubled following the commissioning of seven new natural gas facilities, showcasing the company's proactive positioning in the green energy transition and its market potential.
- Record Safety Performance: Despite challenges from winter weather, Waste Management achieved its best-ever safety record in Q1, with driver and technician turnover at 17.2%, reflecting ongoing improvements in employee management and safety culture.
- Earnings Beat: Waste Management reported Q1 adjusted earnings of $723 million, or $1.79 per share, significantly up from $637 million and $1.58 per share a year earlier, indicating sustained improvement in profitability.
- Guidance Reaffirmed: The company reaffirmed its FY 2026 revenue guidance of $26.425 billion to $26.625 billion, aligning with the FactSet analyst consensus of $26.5 billion, reflecting management's confidence in future performance.
- Profitability Improvement: Operating EBITDA in the Collection and Disposal segment increased by $154 million, with margins expanding by 190 basis points, primarily due to a favorable price-to-cost spread, showcasing the effectiveness of investments in technology and automation.
- Business Challenges: Despite strong overall performance, Q1 collection and disposal volumes fell by 1.5%, largely due to winter weather and a reduction in lower-margin residential business, highlighting the company's vulnerability to external environmental changes.










