Investors shouldn’t be surprised to see the recent market interest going into defensive areas, especially as call option interest has grown in areas like consumer staples. This theme can be spotted through the Consumer Staples Select Sector SPDR Fund (NYSEARCA: XLP). However, not all staple names are treated equally in this market.
Today, there is one opportunity for investors to add momentum and limited volatility to their portfolios by looking into the recent price action in shares of Waste Management Inc. (NYSE: WM). This company is as defensive as it comes, as it deals with scrap and waste generated from everyday activities in the United States economy. Knowing this, it probably doesn’t matter whether the economy is booming or busting; this company is set to do well.
