Oct. 2 at 7:25 PM
Morgan Stanley warns that stocks like ConocoPhillips, KKR, PG&E, and Wyndham Hotels could face pressure in October due to tax-loss selling. Names that fell 10–25% from mid-January to September often underperform the market by about two percentage points as investors sell to offset capital gains. Energy firms—including ConocoPhillips, Diamondback, Halliburton, Schlumberger, and Targa—along with financials like KKR, are at risk, while PG&E struggles with wildfire liabilities. Wyndham, down 20% YTD, may also see selling pressure. While short-term traders may target these stocks for short positions, dips could offer long-term investors attractive entry points. The S&P 500 has risen roughly 14% YTD, recently hitting its 29th record high of the year.
$COP $KKR $SPX $PCG $WH