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This Week's Bonus Content Trash to Treasure: 3 Waste Removal Stocks to Minimize VolatilityWritten by Dan Schmidt. First Published: 3/22/2026. 
Key Points - Waste removal stocks often perform well in volatile times due to inelastic demand for services and long-term contract agreements.
- While the industry is highly-concentraded, the incumbents have unique advantages due to regulatory compliance hurdles.
- Waste Management, Republic Services, and Clean Harbors are three waste removal companies with upside in the current market environment.
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If you hate taking out the trash, welcome to an exclusive club: everyone. Trash removal is a key consideration when renting or buying a home because we all produce waste and need it collected one way or another. Since demand for trash removal is largely inelastic, companies that provide these services typically generate steady, if unspectacular, revenue. The waste removal industry, however, has a few advantages that distinguish it from typical consumer staples firms: - Regulatory and environmental barriers - Removing trash from your home is usually simple; handling waste for businesses and governments is a different matter. The disposal industry is highly regulated, with strict standards and high barriers to entry. Opening a new landfill can take years, so incumbents operate in an oligopolistic market with significant pricing power.
- Long-term revenue streams - Waste removal companies typically rely on multi-year contracts, which stabilize revenue during economic slowdowns. Contracts are often booked for one to three years, though five- to seven-year terms are common for larger businesses and municipalities. Contracts may be flat- or variable-rate and frequently include provisions for regulatory fees and fuel surcharges (which become more important as oil prices rise).
This combination of essential demand and regulatory protection often makes waste services a solid defensive investment. Historically, waste management firms have held up well during market corrections and bouts of volatility. With the conflict in Iran continuing and the S&P 500 near its 200-day moving average, market fluctuations are likely to persist—making these waste service companies worth considering now. 3 Steady Waste Removal Stocks With Upside After nearly five decades on Wall Street, Louis Navellier says a major currency shift is already underway - and the wealthiest Americans, including Musk, Zuckerberg, and Ellison, are quietly moving money out of dollars and into a different type of asset entirely. It's not bitcoin or any other crypto. Navellier has identified 7 companies he believes are positioned at the center of this trend - the last time he spotted a setup like this, Nvidia climbed as high as 10,000%. Watch Navellier's urgent briefing and get all 7 company names The industry's oligopolistic structure means only a handful of waste removal companies trade publicly on U.S. exchanges, which limits investment choices. With that context, here are three companies that offer a mix of upside potential, consistency, and dividend income while also helping limit exposure to fluctuating fuel costs. Waste Management: The Cashflow King Waste Management Inc. (NYSE: WM) is the largest waste removal company in the U.S., both by market cap (about $94 billion) and by number of landfills, transfer stations, and recycling facilities. It's also shareholder-friendly, reporting strong free cash flow of $2.94 billion in Q4 2025. Management expects more than 30% free cash flow growth in 2026 and is supporting that with a 14.5% dividend increase and $3 billion in share buybacks. The company is further insulated from regional supply disruptions through energy surcharges that pass diesel and compressed natural gas (CNG) price increases on to clients.  WM shares show the potential for a strong technical uptrend, with a bullish Golden Cross and solid support at the 50-day moving average. An RSI-driven pullback recently brought the share price closer to the 50-day moving average, which could be an attractive entry point for new buyers. The dividend currently yields 1.62%, with a 56% dividend payout ratio and a 22-year history of payment increases. Republic Services: Low Leverage and Dividend Resilience Republic Services Inc. (NYSE: RSG) often plays second fiddle to WM because of a smaller market cap, lower dividend yield, and fewer locations. But RSG has some advantages WM lacks: an earnings beat in Q4 2025 and a cleaner balance sheet. RSG carries less debt and has had less M&A activity, which can mean slower growth but also lower financial leverage and risk. Its dividend yield is lower at 1.13%, but the DPR is a healthy 36%, indicating room for future increases. Republic also employs a fuel surcharge model similar to Waste Management's, helping mitigate the impact of rising oil prices.  RSG shares have lagged WM so far in 2026, and the technicals show more conflict between buyers and sellers on the daily chart. If volatility remains elevated, RSG could continue the breakout that began last November. The stock appears to have found support at the 50-day moving average, and the RSI has returned to levels that previously marked short-term lows. A sustained move above the 200-day moving average could serve as the next catalyst. Clean Harbors: Upside From Government Contracts Clean Harbors Inc. (NYSE: CLH) isn't a traditional municipal waste hauler like RSG or WM, but it offers greater upside potential. More than 75% of the company's revenue comes from environmental services—a more cyclical segment than collection and disposal—but Clean Harbors benefits from steady government work. The company has a multi-year agreement with the Department of Defense for polyfluoroalkyl substances (PFAS) filtration services, with options to expand annually. PFAS are dangerous "forever chemicals" that may contaminate water at more than 700 military bases. Clean Harbors is reportedly the only firm capable of all three phases—PFAS filtration, remediation, and incineration—giving it a meaningful competitive moat for government work and an advantage in securing additional contracts.  Investors tend to value companies with steady government contracts, and CLH shares have risen more than 20% year to date. The stock is in a strong uptrend, trading well above its 50-day and 200-day moving averages, and the RSI has cooled from overbought levels. With the Department of Defense involved in the ongoing conflict with Iran, defense budgets are likely to increase beyond earlier requests at the start of the year—potentially directing additional revenue to Clean Harbors. |
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