Recession or Not, This Aspiring Dividend Aristocrat Continues to Put Up Monster Results

WM (NYSE: WM), formerly known as Waste Management, is one of the few industrial stocks that is outperforming the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average so far in 2022. In fact, share prices of WM are down just 7% from their all-time highs, while the Nasdaq is in a deep bear market and the S&P 500 is just a few percentage points away from a bear market. Demand for its services is far less correlated to the economic cycle than most industrial companies.