Waste Connections (WCN.TO)

Waste Connections (WCN) is recognized as a leader in the waste management sector, considered a defensive and stable investment, especially in uncertain economic climates. While the company has displayed steady fundamentals, some experts highlight recent technical downtrends and a lack of excitement in the stock's performance, cautioning against starting a position amid signs of a potential continued decline. Analysts appreciate the company's disciplined management, consistent cash flows, and history of making strategic acquisitions, contributing to organic growth, albeit at a premium valuation. Despite the challenging environment, with elevated interest rates and market volatility, WCN is viewed as a reliable long-term hold, suitable for a conservative portfolio allocation.