When it comes to investing, the end of the year can bring about some interesting trends, especially around tax loss selling. Investors are looking to offset capital gains by selling off underperforming stocks to lower their tax bills for the next year. In fact, some of the biggest losing stocks of 2024 may see even steeper declines as investors part ways with them to save on taxes. At Extreme Investor Network, we keep a close eye on these trends to help our members make informed decisions and maximize their investment strategies.
Morgan Stanley recently identified a number of stocks that could be particularly susceptible to tax loss selling pressure as the year comes to a close. Among them is computer software giant Adobe, which has seen a nearly 17% dip in 2024. KeyBanc analyst Jackson Ader has expressed concerns about Adobe’s weak fourth-quarter guidance and has set a price target that suggests further downside.
Another company on Morgan Stanley’s radar is Boeing, the aerospace giant that has struggled throughout the year, with shares plummeting over 40%. Despite facing challenges such as a plane malfunction and a machinist strike, there is still potential for upside according to Bank of America analyst Ronald Epstein.
Halliburton, the oil service giant, is also feeling the pressure, with a 17% decline in 2024. RBC Capital Markets analyst Keith Mackey recently downgraded Halliburton, citing concerns about revenue diversification and volatile earnings.
In addition to these companies, Morgan Stanley’s list includes other notable names like Chord Energy, Simply Good Foods, and timeshare operator Hilton Grand Vacations. As investors evaluate their portfolios and consider tax implications, it’s important to stay informed about potential tax loss selling candidates and their future prospects. At Extreme Investor Network, we provide our members with exclusive insights and analysis to help them navigate the complexities of the market and make strategic investment decisions. Join our network today to stay ahead of the curve and optimize your investment strategy for success.