3 Stocks Under $5 To Consider As Tax Loss Harvesting Ends

Dec. 21, 2021 8:16 AM ETPOLCQ, KPLT, OPFI9 Comments
Morpho Research
1.77K Followers

Summary

  • As we head into year-end, 2021's losers endure even more pain as investors in the red sell them to harvest tax losses and offset gains.
  • Selling on these names accelerates at this time of year, and they often benefit in the new year as this selling pressure subsides.
  • OppFi, 1847 Goedeker, and Katapult are 3 names that are under $5 a share and are all down 60% or more.
  • These 3 names should benefit from tax-loss selling easing and while all have risks they have interesting opportunities ahead in 2022.

Christmas Tree, Red and Green Ornaments against a Defocused Lights Background

Liliboas/E+ via Getty Images

It's that time of year again where we get ready for the holidays, watch some college football bowl games with really uninspiring sponsor-based names, and watch beaten down stocks suffer even more indignation as bagholders sell them to

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Writer and individual investor looking to uncover interesting investment ideas ranging from the exotic and obscure to obvious ones hiding in plain sight because they are overlooked. I have a degree in communications from Fordham University and an MBA from the University of Iowa. Investing across equities, cryptocurrencies and real estate as I seek to build long-term capital. I also write and create content for several tech, fintech and cryptocurrency companies.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in KPLT, GOED, OPFI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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