Investment Advisors Predict Losing Trend for Current Shareholders within Twelve Days

In a recent analysis, Morgan Stanley and Wolfe Research have identified a number of stocks that could potentially underperform or lose value in the coming weeks due to factors including tax-driven sales by US funds. These funds often sell poorly performing titles to offset losses with gains before the end of the fiscal year, which for 24% of all US funds ends on October 31.

The stocks identified by these financial institutions as at risk include:

Xencor Inc (NYSE: XNCR), operating in the Biotechnology industry
GXO Logistics (NYSE: GXO), operating in the Logistics/Transportation industry
Neogen Corporation (NASDAQ: NEOG), operating in the Biotechnology industry
Mister Car Wash Inc (NYSE: MCW), operating in the Services/Car Wash industry
Las Vegas Sands Corporation (NYSE: LVS), operating in the Gaming/Hospitality industry
MP Materials Corporation Class A (NYSE: MP), operating in the Commodities/Rare Earths industry
Halliburton Company (NYSE: HAL), operating in the Oil and Gas Services industry
Global Payments Inc (NYSE: GPN), operating in the Financial Services/Payment Processing industry
SLB (NYSE: SLB), operating in the Oil and Gas Services industry
Biogen Inc (NASDAQ: BIIB), operating in the Biotechnology/Pharma industry
e.l.f. Beauty Group Inc (NYSE: ELF), operating in the Cosmetics industry
Chart Industries Inc (NASDAQ: GTLS), operating in the Machinery/Industrial Gases industry
Stepan Company (NYSE: SCL), operating in the Chemicals/Specialties industry
Calix Inc (NYSE: CALX), operating in the Communication Technology industry
Alamo Group (NYSE: ALG), operating in the Machinery industry
Arch Resources Inc Class A (NYSE: ARCH), operating in the Coal Mining industry
Penumbra Inc (NYSE: PEN), operating in the Medical Technology industry
Talos Energy Inc (NYSE: TALO), operating in the Energy/Oil and Gas Exploration industry
Dynavax Technologies Corporation (NASDAQ: DVAX), operating in the Biotechnology industry
Jabil Inc (NYSE: JBL), operating in the Electronics/Contract Manufacturing industry
Ichor Holdings Ltd (NASDAQ: ICHR), operating in the Semiconductor Production industry
Patterson-UTI Energy Inc (NASDAQ: PTEN), operating in the Oil and Gas Services industry
Host Hotels & Resorts Inc (NYSE: HST), operating in the Real Estate/Hospitality industry
LKQ Corporation (NYSE: LKQ), operating in the Automotive Parts industry
Photronics Inc (NASDAQ: PLAB), operating in the Semiconductors/Photomasks industry
Enovis Corporation (NYSE: ENOV), operating in the Medical Technology industry
Valaris Ltd (NYSE: VAL), operating in the Offshore Drilling/Oil and Gas industry
Simple Good Foods Company (NASDAQ: SMPL), operating in the Food industry
Quanex Building Products Corporation (NYSE: NX), operating in the Building Products industry
XPEL Inc (NASDAQ: XPEL), operating in the Automotive Accessories industry
US Physical Therapy Inc (NYSE: USPH), operating in the Healthcare/Physical Therapy industry
Aptiv Plc (NYSE: APTV), operating in the Automotive Suppliers industry
Academy Sports and Outdoors (NYSE: ASO), operating in the Retail/Sports Equipment industry
SMART Global Holdings Inc (NASDAQ: SGH), operating in the Electronics/Technology industry
Haverty Furniture Companies Inc (NYSE: HVT), operating in the Furniture Retail industry
Quaker Houghton (NYSE: QKH), operating in the Chemicals/Industrial Solutions industry
Humana Inc (NYSE: HUM), operating in the Healthcare/Insurance industry
Standard Motor Products Inc (NYSE: SMP), operating in the Automotive Suppliers industry
Boeing Company (NYSE: BA), operating in the Aerospace industry
Advanced Micro Devices (NASDAQ: AMD), operating in the Semiconductors/Technology industry
Koppers Holdings Inc (NYSE: KOP), operating in the Chemicals/Materials industry
Movado Group Inc (NYSE: MOV), operating in the Watches/Jewelry industry
West Pharmaceutical Services Inc (NYSE: WST), operating in the Medical Technology/Pharma industry
Perrigo Company PLC (NYSE: PRGO), operating in the Pharmaceuticals industry
NV5 Global Inc (NYSE: NVEE), operating in the Engineering Services industry
Repligen Corporation (NASDAQ: RGEN), operating in the Biotechnology industry
Dynatrace Inc (NYSE: DT), operating in the Software/Technology industry
Gibraltar Industries Inc (NASDAQ: ROCK), operating in the Building Products/Industry industry
Marten Transport Ltd (NASDAQ: MRTN), operating in the Transportation/Logistics industry

Two stocks, C3.ai (NYSE: AI) and Block (NYSE: XYZ), have been flagged by Wolfe Research and Morgan Stanley respectively as facing near-term downside risks that could be exacerbated by tax-related fund selling.

This selling pressure could renew for stocks that have underperformed this year. Investors holding these underperforming stocks could experience losses in the next two weeks (up to October 31). It is important for investors to closely monitor their portfolios and consider potential risks in the current market conditions.

Investment Advisors Predict Losing Trend for Current Shareholders within Twelve Days