Back to top

Image: Bigstock

3 Waste Management Stocks to Benefit From Coronavirus Crisis

Read MoreHide Full Article

The coronavirus pandemic continues to rattle the global stock market. The situation is far worse than what ensued in the weeks after the 9/11 terrorist attacks and during the 2008 global financial crisis. Hence, during this turbulent period, one should hold onto stocks, which have the capabilities to perform well even if the market continues to remain in the bearish territory owing to low correlation.

To this end, the waste management industry seems to be better poised to combat the effects of the pandemic.

Is Coronavirus Acting as a Boon for Waste Removal Services?

Amid the coronavirus outbreak, people aren’t expected to stop generating waste, and disposal of trash thus remains a concern. In fact, waste management companies are at an advantage in situations such as the recent one, as healthcare officials have to dispose of used masks, gloves, suits, syringes and other medical equipment properly to curb the spread of infection. Government initiatives as well as stringent rules and regulations to advance sustainable waste management mechanisms, and put a check on illegal dumping are also expected to boost the industry.

3 Coronavirus-Proof Waste Management Stocks

With proper disposal of medical waste being a major concern for several countries across the globe amid coronavirus outbreak, the waste management industry stands to benefit from the current scenario.

To this end, we have chosen three stocks from the Zacks Waste Removal Services industry, which currently carries a Zacks Industry Rank #90. This rank places it in the top 36% of more than 250 Zacks industries.

We are presenting three stocks, which we believe investors should retain in their portfolio as these carry a Zacks Rank #3 (Hold). Each of these stocks has a solid expected earnings growth rate for the year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Let’s have a look at these stocks.

Aqua Metals, Inc. (AQMS - Free Report) : This McCarran-based company is engaged in the recycling of lead primarily in the United States.  The company’s expected earnings growth rate for the current year is 76.7%.

Aqua Metals, Inc. Price, Consensus and EPS Surprise

 

Aqua Metals, Inc. Price, Consensus and EPS Surprise

Aqua Metals, Inc. price-consensus-eps-surprise-chart | Aqua Metals, Inc. Quote

Advanced Disposal Services, Inc. : This Ponte Vedra-based company provides non-hazardous solid waste collection, transfer, recycling, and disposal services.  The company’s expected earnings growth rate for the current year is 17.9%.

Advanced Disposal Services Inc. Price, Consensus and EPS Surprise

 

Advanced Disposal Services Inc. Price, Consensus and EPS Surprise

Advanced Disposal Services Inc. price-consensus-eps-surprise-chart | Advanced Disposal Services Inc. Quote

Clean Harbors, Inc. CLH: This Norwell-based company provides environmental, energy, and industrial services in North America. The company’s expected earnings growth rate for the current year is 13.2%.

Clean Harbors, Inc. Price, Consensus and EPS Surprise

 

Clean Harbors, Inc. Price, Consensus and EPS Surprise

Clean Harbors, Inc. price-consensus-eps-surprise-chart | Clean Harbors, Inc. Quote

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


Go Deeper With Exclusive Zacks Research


Normally $25 each - click below to receive one report FREE:


Aqua Metals, Inc. (AQMS) - free report >>