The tax-loss season is usually toward the end of the year when investors sell losing positions to offset gains. This year, investors may follow mutual funds, whose year-end is on October 31, 2024. By selling alongside funds, investors may avoid losing more between November and December.
In the industrial sector, consider selling Avis Budget (CAR). The car rental industry has weak prospects. Hertz Global (HTZ) is also a short-seller’s top position. The short float on HTZ stock is 26%.
In the information technology sector, sell Wolfspeed (WOLF). The components supplier is struggling as the electric vehicle sector worsens. SolarEdge (SEDG) is unlikely to recover. The Israeli-based firm has excess inventory and faces falling prices. Similarly, the weak clean energy market hurt lithium demand. Consider booking losses in Albemarle (ALB).
Consider reducing Intel (INTC). The firm’s Arrow Lake architecture may not win back its fans. Instead, consumers may buy Advanced Micro Devices (AMD) CPUs for better value. Software firms to sell include UiPath (PATH), Snowflake (SNOW), and Unity (U). Customers are buying AI-related solutions instead of UiPath’s automation software.
Snowflake continues to lose money. It recently raised funds to buy back stock. This hurts its shareholders.
Unity may turn itself around under new leadership. However, game developers who left the Unity platform may not return.
