Tax-loss selling candidates

[CafeB]

ATVI: -32% YTD / -33% over 6 mo. / -41% from 52-week high ... feeling ESG heat ... will bad press for bad behavior affect player engagement? ... if there is such a thing as a metaverse, are the mechanics of video games likely to be part of it?

 

FIS: -23% YTD / -25% over 6 mo. / -31% from 52-week high

 

MRCY: -40% YTD / -24% over 6 mo. / -43% from 52-week high ... built by acquisition, now in need of integration/"transformation"

 

Health Care

GRFS: -41% YTD / -37% over 6 mo. / -46% from 52-week high

MDT: -13% YTD / -18% over 6 mo. / -26% from 52-week high ... recent regulatory concerns ... per Barron's Roundtable in July, with stock price ~25% higher than today's: "Because of Covid, many elective surgeries requiring medical devices were postponed in the past year. There will be a step-up in sales of Medtronic products in the coming year."

PHG: -37% YTD / -31% over 6 mo. / -43% from 52-week high ... voluntary recall and related FDA inspection

 

"broken IPO"

DNB (IPO July 2020 at 22): -20% YTD / -7% over 6 mo. / -30% from 52-week high

DSEY (IPO March 2021 at 15; follow-on November 2021 at 15): -17% YTD / -30% over 6 mo. / -33% from 52-week high

 

Others of interest?

Edited December 18, 2021 by CafeB
To add % from 52-week high

[changegonnacome]

Good idea:

 

ATUS: -59% from 52-week high

 

[Spekulatius]

Easy to do in a screener. There are a lot of stocks just scraping above the lows:

https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_highlow52w_a0to5h,ta_sma200_pb&ft=4

 

If you adjust this (0-5% off from 52 week lows ) to 0-20%, you get a lot of hits with this screen.

 

Edited December 19, 2021 by Spekulatius

[CafeB]

1 hour ago, Spekulatius said:

in a screener

Hadn't thought to include moving average. Interesting. Thanks

[Gregmal]

There are a ton and many of high quality. Originally I thought of shit like ATUS but there is real solid stuff like PYPL, DIS, MSGE, and more. I actually like the idea @ERICOPOLY posted a while ago in another thread. Short puts on these and the use it to buy calls elsewhere. I've been doing some of that lately. 

[CafeB]

Among those in S&P 500 within 10% of 52-week low:

 

Packaging: IP (27% from high), PKG (16%), WRK (30%)

 

Chemicals: DOW (24%), LYB (25%)

[Simba]

Anyone have thoughts on Activision? 

[CafeB]

On 12/21/2021 at 10:21 PM, Simba said:

Activision?

~65 this afternoon, from ~57 on 12/1. Perhaps initial scrutiny has dissipated and Kotick will survive the crisis?

[ValueArb]

BABA?

[CafeB]

On 12/18/2021 at 8:41 AM, CafeB said:

MRCY: -40% YTD / -24% over 6 mo. / -43% from 52-week high ... built by acquisition, now in need of integration/"transformation"

 

www.bloomberg.com/news/articles/2021-12-23/activist-firm-jana-said-to-push-for-sale-of-mercury-systems

 

“Activist investor Jana Partners has built a position in Mercury Systems Inc. and plans to push for a strategic review of the U.S. defense electronics manufacturer, including exploring a potential sale, according to people familiar with the matter."

 

"The New York-based firm believes the company is undervalued and plans to meet with management and the board to discuss ideas to improve shareholder value, the people said, asking not to be identified because the matter is private. Jana confirmed that it had a 6.6% stake in the company in a regulatory filing Thursday.”

 

“Jana, run by Barry Rosenstein, has partnered with three industry experts on the investment who could serve as director nominees once the window for nominations opens in May, the people said. They include former Boeing Co. executive Jim Albaugh, Carol Lowe, the former chief financial officer of FLIR Systems Inc., and Blackboard Inc.’s former chief executive officer, Bill Ballhaus."

 

"Mercury Systems is one of the last remaining independent public suppliers of sophisticated electronics for the aerospace and defense industry after a wave of consolidation in the sector. In March, private equity firm Veritas Capital agreed to sell Abaco Systems Inc. to Ametek Inc. in deal valued at $1.35 billion, following FLIR Systems’ agreement in January to sell to Teledyne Technologies Inc.”

 

As of today, MRCY -35% YTD / -16% over 6 mo. / -38% from 52-week high

[CafeB]

Pets

CHWY: -35% YTD / -52% from 52-week high

WOOF (IPO January 2021 at 18): -34% YTD / -37% from 52-week high

[CafeB]

An article from this past October with an idea for next fall: do some stocks perform too poorly to be suitable tax-loss selling candidate?

 

"Morgan Stanley identified the tax-loss selling stocks as ones in the S&P 1,500 that fell 10% to 25% from mid-January through September. Those that lost more than 25% weren’t included because they probably will be bought by investors looking for cheap names, the bank said." (emphasis added)

 

www.barrons.com/articles/tax-loss-harvesting-capital-gains-stock-market-51633722742