by Fred Fuld III
Recently, I posted an article about turning tax selling stocks into tax selling bounce stocks, which had four stocks listed.
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.
Disclosure: Author didn’t own any of the above at the time the article was written.