More Tax Selling Bounce Stocks
Remember, at year end, traders and investors dump their losers in order to establish a loss for tax purposes. This activity greatly depresses these stocks more than normal, creating an opportunity for traders to buy these stocks and sell them for a quick profit in early January after they hopefully recover.
Here are several more tax selling stocks worth considering.
This is a list of stocks that are down over 50% during the last six months, have a forward P/E of less than 50, and have market caps in excess of $300 million.
| Company | Ticker | Market Cap |
| Agiliti Inc | AGTI | 1.04B |
| CommScope Holding Co | COMM | 393.37M |
| Driven Brands Holdings Inc | DRVN | 2.11B |
| Green Dot Corp. | GDOT | 482.02M |
| Hawaiian Electric Industries | HE | 1.47B |
| ICU Medical, Inc. | ICUI | 2.07B |
| Methode Electronics, Inc. | MEI | 782.50M |
| NextEra Energy Partners LP | NEP | 2.47B |
| Omnicell, Inc. | OMCL | 1.57B |
| Piedmont Lithium Inc | PLL | 472.95M |
| Shyft Group Inc | SHYF | 395.71M |
| Beauty Health Company | SKIN | 403.00M |
| Petco Health and Wellness Co | WOOF | 910.42M |
| Xponential Fitness Inc | XPOF | 387.05M |
| Yext Inc | YEXT | 688.75M |
Maybe you can profit from another trader’s losses. Remember that these are low cap stocks and are very speculative. Some might never recover in January.
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Disclaimer: This article is designed to provide information. It is provided with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, ...
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