One way to make lemonade from lemons in a broad stock-market pullback is to weed out the losers from an investment portfolio, harvesting tax-loss carryforwards along the way. These losses can be used to offset future capital gains that may be generated when the stock market once again is in an uptrend. It takes discipline to sell stocks, however. Many times, investors are reluctant to sell stocks that are down in the dumps due to hopes that a turnaround is coming. In this case, an alternative strategy can be to sell losers and buy a similar stock or related industry ETF in an attempt to capture upside down the road. But beware of the tax rules. The so-called wash-sale rule from the IRS prohibits selling an investment for a loss and replacing it with the same or "substantially identical" investment 30 days before or after the sale. Here's a list of stocks on the Argus HOLD list that have fallen the farthest from their 52-week highs and could be tax-loss candidates.

Advance Auto Parts is a leading auto-parts retailer in North America with more than 4,000 store and branch locations. About 50% of the firm’s sales are geared toward the professional channel, with the remaining sales in the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units for various vehicle makes and models. The retailer primarily competes on the basis of inventory availability and service speed, making the operating efficiency of its hub-and-spoke distribution model critical to meeting customer needs.

Advance Auto Parts, based in Raleigh, North Carolina, is a leading retailer of automotive parts and accessories in the United States. The company serves both the 'do-it-yourself' (DIY), and the professional installer (DIFM) markets under the Advance Auto Parts, Carquest and Autopart International nameplates. The company has 40,000 employees. The shares are a component of the S&P 500.

The major indices are mixed at midday, with the Nasdaq lower and the Dow higher. The second read on GDP came in at 2.3% for 4Q, as expected. Jobless claims crept higher last week but still show a healthy labor market. The yield on the 10-year Treasury note is at 4.29%. Oil is at $70 per barrel. Bitcoin is down another 1% at $85,400.