As the end of the year approaches, investors will sell losing stocks to offset gains on other investments and reduce the tax bill for their portfolios.
“Tax-loss selling typically occurs in November as the worst performing stocks underperformed roughly 220 basis points through mid December,” wrote Chris Senyek, chief investment strategist at Wolfe Research. Some names on the screen include Dish Network , down 76% for the year, Macy’s , down 47%, Paramount Global , down 30% and Walgreens Boots Alliance , down 45%.
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