WHAT ARE WE LOOKING FOR?
Stocks that are overly beaten up at this time of year.
MORE ABOUT TODAY'S SCREEN
It's tax-loss selling season, as well as the time of window dressing. The first is when individuals dump their losing stocks of the year to offset capital gains. The second is when institutional money managers also dump their losers of the year and load up on winners, stuffing their year-end reports with winning stocks to make them look smart.
Both seasonal activities can exaggerate losses for stocks that have had a tough year, but can provide opportunities for more nimble investors. Let's look for the stocks that are down the most this year and then look for stocks that are down in the past month and the past week.
WHAT DID WE FIND OUT?
Given that gold has had a terrific run this year, you'd think gold stocks might have followed. But they are some of the worst performers this year as gold has pulled back this month and the economic outlook improves.
Kinross Gold, Agnico-Eagle and Barrick Gold have been dogs this year and are also all down over the past month and the past week. If you believe gold will continue its rise again next year, these stocks might be worth some more research to see if there is value there.