Morgan Stanley identifies 39 stocks likely to face tax loss selling pressure

Morgan Stanley ran its annual screening for stocks that may observe some technical pressure due to tax loss selling and identified 39 names that stick out from the screened names inside the S&P 1500 index.

“A common point of discussion heading into 4Q (when the taxable year ends for many investors) is which stocks might be subject to a bit of extra selling pressure as investors look to harvest tax losses,” the investment bank stated. As a result, it identified 39 possible companies, see the list below:

Tax Loss Stock Screen

1. Iridium Communications (IRDM)
2. Aptiv (APTV)
3. Standard Motor Products (SMP)
4. XPEL (XPEL)
5. Haverty Furniture Companies (HVT)
6. LKQ Corporation (LKQ)
7. Hilton Grand Vacations (HGV)
8. Mister Car Wash (MCW)
9. Darling Ingredients (DAR)
10. Simply Good Foods (SMPL)
11. Chord Energy Corporation (CHRD)
12. Civitas Resources, Inc. (CIVI)
13. Halliburton (HAL)
14. Patterson-UTI Energy, Inc. (PTEN)
15. Schlumberger (SLB)
16. Talos Energy (TALO)
17. Valaris Ltd. (VAL)
18. Global Payments Inc. (GPN)
19. Privia Health Group, Inc. (PRVA)
20. Simulations Plus, Inc. (SLP)
21. U.S. Physical Therapy, Inc. (USPH)
22. Biogen Inc. (BIIB)
23. Dynavax Technologies Corporation (DVAX)
24. Neurocrine Biosciences (NBIX)
25. Perrigo (PRGO)
26. Repligen Corporation (RGEN)
27. West Pharmaceutical Services (WST)
28. Alamo Group (ALG)
29. Boeing (BA)
30. Gibraltar Industries (ROCK)
31. Insteel Industries (IIIN)
32. NV5 Global Inc (NVEE)
33. Photronics (PLAB)
34. Adobe (ADBE)
35. Arch Resources (ARCH)
36. Quaker Houghton (KWR)
37. Stepan Co (SCL)
38. Armada Hoffler Properties (AHH)
39. Host Hotels & Resorts (HST)