Q: I’ve sold PRL and GSY for tax loss reasons with a plan to rebuy after 30 days. I’m down roughly 30% on both TRI and CRM. Any catalysts you can see in the next 30 days?
5i Research Answer:
Markets often rally in the fourth quarter, but certainly November is not acting well. We do not see any specific catalysts to TRI. CRM does report on Dec 3rd. It has beaten estimates every quarter since Q1 2022. However the stock does not typically react dramaticall (3.2% absolute average). We would be fine with a tax loss/re-buy strategy on either.