Best Stocks to buy for Swing Trading for this week – Expert Stock Picks of the Week by StockXpo

Hello to all our readers including Traders, Investors, Analysts and others!!!! 

The market was going down this week. Other than this with the pandemic easing and a fresh round of stimulus money arriving in bank accounts, households in the United States are poised to ramp up their spending again and Advertising agencies and software developers are bracing for significant disruptions to the $400 billion digital advertising market as Apple Inc. pushes forward with long-promised proposals to make it harder to reach specific iPhone users with advertisements. Other than this The European Union has tightened regulations on Covid vaccine exports while also putting pressure on AstraZeneca to supply more vaccines to the region.

If you are a regular reader, you may be already aware, we recommend 10-12 stocks in 3 different categories – 1. SkyRocket, 2. ValueGrowth and 3. TechFund, to fit different trading styles and strategies. You can find more details about these strategies in our FAQ section. This is more of a swing trading, as we keep balancing our portfolio on a weekly basis, mostly on Friday. If you are new, welcome. Visit our site to get all relevant information about stocks and make sure to subscribe to our newsletter to get updates on our Swing Trading Stock Picks. We send out our newsletter as soon as we publish our stock picks. We hope that you love our articles and get all the details so keep coming to our site for more information. Swing traders primarily use technical analysis for swing trading, but here we combine technical analysis with fundamental analysis and pick ideal stocks which are best and safe for swing trading. We have tested out our strategy with more than 20 years of data and it performed well against S&P 500.

Here we are again with our this week’s recommendations. Please note that overall the market was very much on the down side, and whether you are following our recommendations or not, I am sure if you have been trading this week ending today then you must have collected a lot of profits. If not, and you are skeptical about the market, add the swing trading to your trading strategy and get started to follow our recommendations. We are going to publish the performance results for the last few months and this year to date, to give you some ideas how we have been compared against the S&P 500 and other major indexes. 

Now let’s look at our picks for this week.

StockXpo’s SkyRocket Strategy

If you’re following us, you might already be aware that in this strategy we try to find the stocks which have a strong fundamental track record and have strong buy or buy ratings from top analyst firms. Moreover, these stocks break through their 8 week high and even 52 week high, so with their strong fundamental track record, there is a good potential for these stocks to go even higher.

For this week, here are our picks $ANF, $CUBI and $USAK. Please note that – compared to last week, we have removed $MSBI and $NMM.

ANF(Abercrombie & Fitch Co.)- Abercrombie & Fitch Co. engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands. The company was founded by David Abercrombie in 1892 and is headquartered in New Albany, OH.

CUBI(Customers Bancorp Inc)- Customers Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking services through its subsidiary, Customers Bank. It operates through the Customers Bank Business Banking and BankMobile segments. The Customers Bank Business Banking segment includes commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington, D.C., and Illinois through a single-point-of-contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. 

USAK(USA Truck, Inc.- USA Truck, Inc. engages in the provision of transportation of general commodities. It operates through the Trucking and USAT Logistics segments. The Trucking segment includes one-way truckload, and dedicated freight motor carrier services. The USAT Logistics segment offers freight brokerage, logistics and rail intermodal services. The company was founded in 1983 and is headquartered in Van Buren, AR.

StockXpo’s – ValueGrowth Strategy

As you know, this is more like Buffett’s Value Strategy, but our stock picking criteria is to pick the top 3 out of such value stocks. Moreover, we are more likely to hold them for short term not long term. Our backtesting suggests that weekly balancing gives very good results week over week and year over year, it can grow your portfolio exponentially if you just consistently follow these strategies. Our Stock Picks for this week are $RCKY, $OMI and $MVBF. We have finally removed $RBBN and $CTO. Regardless of fall of the stock market due to COVID-19 fears, we have still booked some profit before they are wiped out from these stocks.

RCKY(Rocky Brands Inc) – Rocky Brands, Inc. engages in the design, manufacture, and marketing of footwear and apparel. Its brand includes Rocky, Georgia Boot, Durango, Lehigh, and Michelin. It operates through the following segments: Wholesale, Retail, and Military. The Wholesale segment distributes its products through retail stores. The Retail segment includes direct sales of its products to consumers through e-commerce websites, third party marketplaces, and Rocky outlet stores. The Military segment focuses on the bidding of footwear contracts with the U.S. military. The company was founded in 1932 and is headquartered in Nelsonville, OH.

Don’t miss: Hot Stock Watchlist for Swing Trading Today – Expert Stock Picks of the Week by StockXpo

OMI(Owens & Minor, Inc.)- Owens & Minor, Inc. engages in the provision of healthcare solutions. It operates through the Global Solutions and Global Products segments. The Global Solutions segment comprises United States distribution, outsourced logistics, and value-added services business. The Global Products segment manufactures and sources medical surgical products through the production and kitting operations. The company was founded by Otho O. Owens and G. Gilmer Minor in 1882 and is headquartered in Mechanicsville, VA.

MVBF(MVB Financial Corp) -MVB Financial Corp. is a holding company, which through its subsidiary, engages in the provision of community and mortgage banking services. It also offers commercial and consumer loans, offering an array of loan products for commercial development and real estate, capital needs, as well as personal loans, residential real estate loans, home equity lines of credit, and construction mortgages. The company was founded in 1997 and is headquartered in Fairmont, WV.

StockXpo’s TechFund Strategy

This is the most active category and we give a lot of preference here to stocks which have strong technical and strong fundamental current and past track records. That’s why we call it TechFund (TAFA) strategy. Just like other strategies, we pick these companies here for weekly based swing trade recommendations. 

Please note that we have removed $OPBK, $HOPE, $FI, $NMM and $GRPN from this strategy picks. We have added $MG, $UNFI, $ANF, $ZEUS, $TMST, $REVG and $ASYS.

MG(Mistras Group Inc)- MISTRAS Group, Inc. engages in the provision of technology-enabled asset protection solutions. It operates through the following segments: Services, Products and Systems, and International. The Services segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing and inspection services that are used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Products and Systems segment designs, manufactures, sells, installs and services the company’s asset protection products and systems, including equipment and instrumentation, predominantly in the United States. The International segment offers services, products and systems similar to those of the company’s other segments to global markets, principally in Europe, the Middle East, Africa, Asia and South America, but not to customers in China and South Korea, which are served by the Products and Systems segment. The company was founded by Sotirios J. Vahaviolos in 1978 and is headquartered in Princeton Junction, NJ.

UNFI(United Natural Foods Inc)- United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada. The Retail segment derives revenues from the sale of groceries and other products at retail locations operated by companies. It offers food and non food, frozen, perishables, bulk, body care products and supplements. The company was founded by Michael S. Funk and Norman A. Cloutier in July 1976 and is headquartered in Providence, RI.

ANF(Abercrombie & Fitch Co.)- Abercrombie & Fitch Co. engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands. The company was founded by David Abercrombie in 1892 and is headquartered in New Albany, OH.

ZEUS(Olympic Steel, Inc.)- Olympic Steel, Inc. engages in the processing, sale, and distribution of metal products. It operates through the following segments: Carbon Flat Products, Specialty Metals Flat Products and Tubular and Pipe Products. The Carbon Flat Products segment includes processed carbon and coated flat-rolled sheet; coil and plate products and fabricated parts. The Specialty Metals Flat Products segment comprises processed aluminium and stainless flat-rolled sheet and coil products; flat bar product and fabricated parts. The Tubular and Pipe Products segment covers metal tubing, pipe, bar, valves, and fittings and fabricated pressure parts. The company was founded by Sol Siegal and Sam Sigel in 1954 and is headquartered in Bedford Heights, OH.

TMST(Timkensteel Corp)- TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. It includes special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultra premium technology, and TimkenSteel endurance steels. Its services include thermal treatment, value added components, technical support and testing, supply chain, and TimkenSteel portal. The company was founded on October 24, 2013 and is headquartered in Canton, OH.

REVG(Rev Group Inc)- REV Group, Inc. is a holding company. The firm engages in the manufacture, distribution, and design of specialty vehicles and related aftermarket parts and services. It operates through the following segments: Fire and Emergency; Commercial; and Recreation. The Fire and Emergency segment offers fire apparatus, and ambulance products. The Commercial segment involves transit and shuttle buses, type A school buses, mobility vans, sweepers, and terminal trucks. The Recreation segment covers motorized recreational vehicle and application trailers. The company was founded in August 2010 and is headquartered in Brookfield, WI.

ASYS(Amtech Systems, Inc.)- Amtech Systems, Inc. engages in the manufacture of capital equipment. It specializes in thermal processing and wafer handling automation, and related consumables used in fabricating semiconductor devices, light-emitting diodes, silicon carbide and silicon power chips, and solar cells. It operates through the following business segments: SiC/LED and Semiconductor. The SiC/LED segment produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components. The Semiconductor segment offers thermal processing equipment including solder reflow equipment and related controls and diffusion for use by semiconductor manufacturers, and in electronics assembly for automotive and other industries. The company was founded by Jong S. Whang in October 1981 and is headquartered in Tempe, AZ.

I hope all this information is helping you to buy good stocks for your welfare . See you next friday . Keep coming to our website for stock related query and information.

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Happy Trading!!!!