50 stocks that may see selling pressure as investors begin looking to book tax losses

Morgan Stanley analysts think some stocks may come under selling pressure as investors head into Q4 and begin looking to take advantage of tax losses.

To determine a list of possible stocks, analysts led by Equity Strategist Michael J. Wilson said his team looked at candidates that were held widely earlier this year and those with sufficient absolute price returns that would generate a “meaningful tax loss.”

According to Wilson, they looked at sell side consensus stock ratings as of January 15 to provide for time to deploy capital after the start of the year. With the aggregate holding period data absent, he said they looked for stocks at least at least 10% from mid-January through September 3.

The results were then further refined by removing stocks that saw price drops of more than 25% in the same period because those with the largest price falls usually tended to show a rebound in Q4.

Morgan Stanley analysts listed the 50 stocks as possible candidates for tax-loss selling:

• Aptiv Plc. (APTV) – percentage loss between January 15 and September. 3: -13%

• Standard Motor Products Inc. (SMP) – percentage loss between January 15 and September 3: -19%

• XPEL Inc. (XPEL) – percentage loss between January 15 and September 3: -17%

• Academy Sports and Outdoors (ASO) – percentage loss between January 15 and September 3: -14%

• Haverty Furniture Companies Inc. (HVT) – percentage loss between January 15 and September 3: -21%

• LKQ Corporation (LKQ) – percentage loss between January 15 and September 3: -13%

• Movado Group Inc. (MOV) – percentage loss between January 15 and September 3: -17%

• Las Vegas Sands Corporation (LVS) – percentage loss between January 15 and September 3: -21%

• Mister Car Wash Inc. (MCW) – percentage loss between January 15 and September 3: -24%

• Simple Good Foods Company (SMPL) – percentage loss between January 15 and September 3: -23%

• e.l.f. Beauty Group Inc. (ELF) – percentage loss between January 15 and September 3: -14%

• Halliburton Company (HAL) – percentage loss between January 15 and September 3: -11%

• Patterson-UTI Energy Inc. (PTEN) – percentage loss between January 15 and September 3: -13%

• SLB (SLB) – percentage loss between January 15 and September 3: -12%

• Talos Energy Inc. (TALO) – percentage loss between January 15 and September 3: -12%

• Valaris Ltd. (VAL) – percentage loss between January 15 and September 3: -12%

• Global Payments Inc (GPN) – percentage loss between January 15 and September 3: -15%

• Enovis Corporation (ENOV) – percentage loss between January 15 and September 3: -23%

• Humana Inc. (HUM) – percentage loss between January 15 and September 3: -17%

• Neogen Corporation (NEOG) – percentage loss between January 15 and September 3: -11%

• Penumbra Inc. (PEN) – percentage loss between January 15 and September 3: -22%

• US Physical Therapy Inc. – percentage loss between January 15 and September 3: -10%

• Biogen Inc. (BIIB) – percentage loss between – percentage loss between January 15 and September 3: -17%

• Dynavax Technologies Corporation (DVAX) – percentage loss between January 15 and September 3: -23%

• Perrigo Company PLC (PRGO) – percentage loss between January 15 and September 3: -13%

• Repligen Corporation (RGEN) – percentage loss between January 15 and September 3: -18%

• West Pharmaceutical Services Inc. (WST) – percentage loss between January 15 and September 3: -12%

• Xencor Inc. (XNCR) – percentage loss between January 15 and September 3: -17%

• Alamo Group (AlG) – percentage loss between January 15 and September 3: -12%

• Boeing Company (BA) – percentage loss between January 15 and September 3: -20%

• Chart Industries Inc. (GTLS) – percentage loss between January 15 and September 3: -10%

• Gibraltar Industries Inc. (ROCK) – percentage loss between January 15 and September 3: -16%

• Quanex Building Products Corporation (NX) – – percentage loss between January 15 and September 3: -16%

• NV5 Global Inc. (NVEE) – percentage loss between January 15 and September 3: -11%

• GXO Logistics (GXO) – percentage loss between January 15 and September 3: -15%

• Marten Transport Ltd. (MRTN) – percentage loss between January 15 and September 3: -12%

• Advanced Micro Devices (AMD) – percentage loss between January 15 and September 3: -14%

• Ichor Holdings Ltd. (ICHR) – percentage loss between January 15 and September 3: -14%

• Photronics Inc. (PLAB) – percentage loss between January 15 and September 3: -19%

• SMART Global Holdings Inc. (SGH) – percentage loss between January 15 and September 3: -11%

• Dynatrace Inc. (DT) – percentage loss between January 15 and September 3: -11%

• Calix Inc. (CALX) – percentage loss between January 15 and September 3: -14%

• Jabil Inc. (JBL) – percentage loss between January 15 and September 3: -18%

• Arch Resources Inc. Class A (ARCH) – percentage loss between January 15 and September 3: -22%

• Koppers Holdings Inc. (KOP) – percentage loss between January 15 and September 3: -22%

• MP Materials Corporation Class A (MP) – percentage loss between January 15 and September 3: -22%

• Quaker Houghton (KWR) – percentage loss between January 15 and September 3: -16%

• Stepan Company (SCL) – percentage loss between January 15 and September 3: -15%

• Host Hotels & Resorts Inc. (HST) – percentage loss between January 15 and September 3: -12%