It’s that time of the year again, when the fiscal year is nearing a close and money managers are on the hunt for ways to reduce the tax bill their investors will owe Uncle Sam.
“As we head into the fourth quarter, tax-loss selling becomes a possible source of technical pressure on some stocks,” Wilson wrote. “We screen the S&P 1500 for tax-loss selling candidates, looking for stocks that may have been well-liked to start the year and have seen substantial price declines.” “Our screening methodology has produced a 2.2% average and 1.6% median relative returns in the fourth quarter over the last 17 years,” he wrote. “This year the screen produces a list of 99 stocks.”
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Tax-loss selling leaves these losing stocks with more room to fall, Morgan Stanley saysIf you still own these stocks, watch out for more losses ahead. Oops should have seen that coming - oh wait I did 🙄 No worries folks just another day of computerized organized crime on WS, they have stealing $ down to a science, next week will be back to “hopes” headlines instead of fake “fear”
Source: CNBC - 🏆 12. / 72 Read more »
Here's what happened to the stock market on TuesdayStocks faded into the close today as optimism around this week’s U.S.-China trade talks continued to dim. The Dow closed more than 300 points lower. The S&P 500 slid 1.6% and the Nasdaq dropped 1.7%. But Trump told us this would be easy ... Got any comments, realDonaldTrump? The markets are dumb... We learned after the 3rd or 4th Infrastructure Week that realDonaldTrump is full of SHIT!
Source: CNBC - 🏆 12. / 72 Read more »