2 Waste Disposal Stocks to Buy, 1 to Sell

Global tailwinds aiding the waste disposal industry bode well for fundamentally sound Clean Harbors, Inc. (CLH – Get Rating) and Stericycle, Inc. (SRCL – Get Rating). In contrast, the ongoing slump in demand for electronics, appliances, and automobiles could hinder the prospects of fundamentally weak Li-Cycle Holdings Corp. (LICY – Get Rating).

Owing to rapid urbanization and the ever-increasing density of urban population centers, smart and sustainable waste management via IoT, sensors, and data analytics has become one of the priorities at the front and center of urban and industrial planning.

With increasing public awareness of the impact of human activity on the environment, political encouragement has also been enabling the expansion of the waste management industry. For instance, the Resource Conservation and Recovery Act (RCRA) allows the EPA to control hazardous waste throughout its lifecycle, involving the generation, transportation, treatment, storage, and disposal of hazardous waste. RCRA has also set a framework for the management of non-hazardous solid wastes.

Consequently, the global waste management market is expected to grow at a 5.4% CAGR to reach $2 trillion by 2030. Moreover, with electronics and digital devices becoming ubiquitous, the e-waste management market is projected to grow at a 12.1% CAGR until 2032.

In the above context, let’s take a closer look at the featured stocks…

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