DOCS - Top stocks that may be tax loss selling bargains
Raymond James looks at stocks that may have been unfairly punished by investors looking to realize capital losses. "We have sorted Raymond James coverage universe, and included stocks that have underperformed the S&P 500 (SP500) (NYSEARCA:SPY) by 10% or more in the past two months, and are down 30% or more from their highs, but have maintained Outperform or Strong Buy ratings by Raymond James analysts," strategist Tavis McCourt writes in a note. Given "the uncertainties around virus variants, for many of these names it is difficult to ascertain how much of the underperformance is attributable to tax loss selling vs. a rapid change in investor perception around economic re-openings in 2022," McCourt adds. Among large caps they highlight Global Payments (NYSE:GPN), PayPal (NASDAQ:PYPL), Activision Blizzard (NASDAQ:ATVI), Delta Air Lines (NYSE:DAL) and Qualtrics International (NASDAQ:XM). For mid caps there is Doximity (NYSE:DOCS), DISH Network (NASDAQ:DISH), Teleflex (NYSE:TFX), Encompass Health (NYSE:EHC),
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Top stocks that may be tax loss selling bargains