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Tax-Loss Selling Looms: Watch These 20%+ Decliners

9/25/2025

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Story summary
  • Wolfe Research warns of tax-loss-driven selling as fourth quarter (Q4) nears.
  • Tax-loss harvesting sells assets at a loss to offset gains, peaking September–December.
  • Investors should watch stocks down 20%+ YTD with market caps above $5B.
  • Notable names include Lululemon down 53% YTD; Freshpet down 67%; Caesars Entertainment down 21% with a 39-cent loss due to weak Las Vegas demand.