2024-01-22 08:32:00 ET
When it comes to titans in the industrial sector, maybe you think of a defense contractor like RTX or Lockheed Martin , an industrial conglomerate like General Electric or Honeywell , a railroad like Union Pacific , or an original equipment manufacturer like Caterpillar or Siemens .
Chances are you don't think about one of the most important yet boring industries out there -- waste management. Specifically, the collection, transportation, and sorting of waste and recycling.
WM (NYSE: WM) , formerly known as Waste Management, does it all and has a dominant position as the largest company in its industry. It hit a new intraday all-time high on Jan. 17 before closing at an all-time high on Jan. 18.
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This Boring Dividend Stock Just Hit an All-Time High and No One Is Talking About It