Worst performing stocks for tax loss selling – Wolfe

Wolfe research put together a basket of the worst performing stocks for tax loss selling.

Historically, analysts see a bounce trade of the worst performing stocks as the end of tax loss selling approaches, said Chris Senyek, chief investment strategist at Wolfe Research. This trade typically starts mid-December and continues through the first few weeks of the next year.

These stocks historically outperform by an average of about 250 basis points during the last two weeks of December through the end of January, Senyek said.

Here are the stocks with their year-to-date performances as of Dec. 12, organized by sector:

Communication services

• Sirius XM Holdings (SIRI) – Down 55% year-to-date
• ZoomInfo Technologies (ZI) – Down 43% year-to-date
• Iridium Communications (IRDM) – Down 26% year-to-date

Consumer discretionary

• Mobileye Global (MBLY) – Down 59% year-to-date
• Five Below (FIVE) – Down 51% year-to-date
• Lucid Group (LCID) – Down 40% year-to-date
• Rivian Automotive (RIVN) – Down 39% year-to-date
• Aptiv (APTV) – Down 35% year-to-date
• Polaris Industries (PII) – Down 32% year-to-date
• International Game Technology (IGT) – Down 31% year-to-date
• The Goodyear Tire & Rubber (GT) – Down 30% year-to-date
• Lear Corp. (LEA) – Down 29% year-to-date
• NIKE (NKE) – Down 28% year-to-date
• Etsy (ETSY) – Down 28% year-to-date

Consumer staples

• Walgreens Boots Alliance (WBA) – Down 63% year-to-date
• Dollar Tree (DLTR) – Down 50% year-to-date
• The Estee Lauder Companies (EL) – Down 45% year-to-date
• Dollar General (DG) – Down 42% year-to-date
• Celsius Holdings (CELH) – Down 41% year-to-date
• Coty (COTY) – Down 40% year-to-date 40% year-to-date
• Lamb Weston (LW) – Down 31% year-to-date
• Darling Ingredients (DAR) – Down 29% year-to-date
• Archer-Daniels-Midland (ADM) – Down 27% year-to-date
• Bunge Limited (BG) – Down 17% year-to-date

Energy

• New Fortress Energy (NFE) – Down 65% year-to-date
• Transocean (RIG) – Down 38% year-to-date
• Apache (APA) – Down 36% year-to-date
• Valaris (VAL) – Down 36% year-to-date
• PBF Energy (PBF) – Down 32% year-to-date
• HF Sinclair (DINO) – Down 31% year-to-date
• Patterson-UTI Energy (PTEN) – Down 29% year-to-date
• Murphy Oil (MUR) – Down 29% year-to-date
• National Oilwell Varco (NOV) – Down 26% year-to-date
• Devon Energy (DVN) – Down 25% year-to-date
• Schlumberger (SLB) – Down 21% year-to-date
• Halliburton (HAL) – Down 20% year-to-date

Financials

• StoneCo. (STNE) – Down 50% year-to-date
• Franklin Resources (BEN) – Down 26% year-to-date

Health care

• Agilon Health (AGL) – Down 82% year-to-date
• 10x Genomics (TXG) – Down 73% year-to-date
• Moderna (MRNA) – Down 57% year-to-date
• Acadia Healthcare (ACHC) – Down 48% year-to-date
• Apellis Pharmaceuticals (APLS) – Down 45% year-to-date
• Dentsply Sirona (XRAY) – Down 44% year-to-date
• Quidel (QDEL) – Down 44% year-to-date
• Humana (HUM) – Down 40% year-to-date
• Biogen (BIIB) – Down 40% year-to-date
• Neogen (NEOG) – Down 38% year-to-date
• CVS Health (CVS) – Down 37% year-to-date
• Surgery Partners (SGRY) – Down 37% year-to-date
• DexCom (DXCM) – Down 36% year-to-date
• BioMarin Pharmaceuticals (BMRN) – Down 31% year-to-date
• Option Care Health (OPCH) – Down 31% year-to-date
• Ionis Pharmaceuticals (IONS) – Down 27% year-to-date
• Teleflex (TFX) – Down 26% year-to-date
• Centene (CNC) – Down 22% year-to-date
• Bruker (BRBR) – Down 20% year-to-date
• Baxter International (BAX) – Down 20% year-to-date
• Elevance Health (ELV) – Down 20% year-to-date
• Molina Healthcare (MOH) – Down 18% year-to-date
• Regeneron Pharmaceuticals (REGN) – Down 16% year-to-date

Industrials

• Concentrix (CNXC) – Down 55% year-to-date
• Avis Budget Group (CAR) – Down 46% year-to-date
• Atkore International Group (ATKR) – Down 46% year-to-date
• Clarivate (CLVT) – Down 43% year-to-date
• The Boeing (BA) – Down 36% year-to-date
• Insperity (NSP) – Down 29% year-to-date
• Fluence Energy (FLNC) – Down 28% year-to-date
• Huntington Ingalls Industries (HII) – Down 26% year-to-date
• NexTracker (NXT) – Down 25% year-to-date
• AGCO Corp. (AGCO) – Down 20% year-to-date

Information technology

• SolarEdge Tech (SEDG) – Down 86% year-to-date
• Wolfespeed (WOLF) – Down 81% year-to-date
• Intel Corp. (INTC) – Down 59% year-to-date
• DoubleVerify Holdings (DV) – Down 45% year-to-date
• Five9 (FIVN) – Down 45% year-to-date
• Enphase Energy (ENPH) – Down 45% year-to-date
• Axcelis Tech (ACLS) – Down 42% year-to-date
• Qorvo (QRVO) – Down 38% year-to-date
• Unity Software (U) – Down 36% year-to-date
• Microchip Tech (MCHP) – Down 32% year-to-date
• Synaptics (SYNA) – Down 31% year-to-date
• Allegro MicroSystems (ALGM) – Down 29% year-to-date
• IPG Photonics (IPGP) – Down 28% year-to-date
• GlobalFoundries (GFS) – Down 27% year-to-date
• Teradata (TDC) – Down 24% year-to-date
• CDW Corp. (CDW) – Down 22% year-to-date
• Amkor Tech (AMKR) – Down 21% year-to-date
• Skyworks Solutions (SWKS) – Down 20% year-to-date

Materials

• Celanese (CE) – Down 56% year-to-date
• Cleveland Cliffs (CLF) – Down 46% year-to-date
• The Chemours (CC) – Down 38% year-to-date
• Olin Corp. (OLN) – Down 29% year-to-date
• Albemarle (ALB) – Down 29% year-to-date
• The Mosaic Co. (MOS) – Down 25% year-to-date
• DOW Inc. (DOW) – Down 25% year-to-date
• Nucor Corp. (NUE) – Down 24% year-to-date
• Huntsman Corp. (HUN) – Down 23% year-to-date
• LyondellBasell Industries (LYB) – Down 20% year-to-date

Real estate

• Rexford Industrial Realty (REXR) – Down 28% year-to-date
• Americold Realty Trust (COLD) – Down 26% year-to-date

Utilities

• The AES Corp. (AES) – Down 30% year-to-date