Best Stock Watchlist for Swing Trading Today – Expert Stock Picks of the Week by StockXpo

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

The market was overall up this week and technology stocks have recovered from low. U.S stocks Tech shares push S & P 500 to record and as you can notice that Both the S&P 500 and Dow Jones Industrial Average ended the session at all-time-highs also south Korean e-commerce giant Coupang Inc. CPNG 40.71% rose 70% Thursday, making it the largest trading debut by dollars raised and valuation so far this year and President Biden called on states to make all adults in the U.S. eligible for Covid-19 vaccines by May 1 and set a goal for the public to be able to gather in small groups during the Fourth of July holiday.

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 $MSBI, $RCII and $NMM. Please note that – compared to last week, we have removed $USAK.

Stock Symbol Company Name Action
USAK USA Truck, Inc. Sell
MSBI Midland States Bancorp Inc Hold
NMM Navios Maritime Partners L.P. Hold
RCII Rent-A-Center Inc Buy

 

RCII(Rent-A-Center Inc)- Rent-A-Center, Inc. engages in the provision of furniture, electronics, appliances, computers, and smartphones through flexible rental purchase agreements. It operates through the following segments: Core U.S., Acceptance Now, Mexico, and Franchising. The Core U.S. segment consists of company-owned rent-to-own stores in the United States, Canada, and Puerto Rico. The Acceptance Now segment offers an on-site rent-to-own option at a third-party retailer’s location. The Mexico segment consists of its company-owned rent-to-own stores in Mexico. The Franchising segment sells rental merchandise to its franchisees. The company was founded by Mark E. Speese on September 16, 1986 and is headquartered in Plano, TX.




MSBI(Midland States Bancorp Inc)- Midland States Bancorp, Inc. is a bank holding company, which engages in the provision of commercial and consumer banking products and services through its subsidiary, Midland States Bank. It operates through the following segments: Banking; Wealth Management; Commercial Federal Housing Administration Origination and Servicing; and Other. The Banking segment offers financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services.


NMM(Navios Maritime Partners L.P.)- Navios Maritime Partners LP engages in owning and operating dry cargo and container vessels. It engages in the seaborne transportation services of dry cargo commodities including iron ore, coal, grain and fertilizer and also containers, chartering its vessels. Navios Maritime Partners was founded on August 7, 2007 and is headquartered in Monte Carlo, Monaco.The company had gained 33.11% over the past month, outpacing the Transportation sector’s gain of 6.98% and the S&P 500’s gain of 1.32% in that time.Wall Street will be looking for positivity from NMM as it approaches its next earnings report date. On that day, NMM is projected to report earnings of $0.75 per share, which would represent a year-over-year decline of 32.43%. Our most recent consensus estimate is calling for quarterly revenue of $72.5 million, up 18.33% from the year-ago period.


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 $OMI, $RBBN and $REI. We have finally removed $TGI. 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.

Stock Symbol Company Name Action
TGI Triumph Group Inc Sell
OMI Owens & Minor, Inc. Hold
REI Ring Energy Inc Hold
RBBN Ribbon Communications Inc Buy

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.


RBBN(Ribbon Communications Inc)- Ribbon Communications, Inc. engages in the provision of software solutions to telecommunications, wireless and cable service providers, and enterprises. Its software product lines enabling network transformation, mobile network evolution and interconnect solutions include Ribbon’s call session controllers, media gateways, signaling, policy and routing software, and session border controller software products. The company was founded on May 19, 2017 and is headquartered in Westford, MA.Ribbon Communications (RBBN Quick QuoteRBBN – Free Report) is a stock many investors are watching right now. RBBN is currently sporting a  Rank of #2 (Buy).


REI(Ring Energy Inc)- Ring Energy, Inc. is an oil and gas exploration company which engages in oil and natural gas acquisition, exploration, development and production activities. The firm’s areas of operation are in the Permian Basin; the Central Basin Platform and the Delaware Basin. The company was founded by Lloyd T. Rochford and Stanley M. McCabe on July 30, 2004 and is headquartered in The Woodlands, TX.Hope Bancorp, Inc.has witnessed an upward earnings estimate revision of 26.2% for 2021 over the past 60 days. Its shares have gained 90.2% over the past six months. The company currently sports a  Rank #1. 




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 $TCFC, $OPBK, $BASI, $USAK and $AVNW  from this strategy picks. We have added $BWFG, $HOPE, $MSBI, $SXC, $IMO, $ZEUS and $ASYS.

Stock Symbol Company Name Action
USAK USA Truck, Inc. Sell
TCFC Community Financial Corp Sell
OPBK OP Bancorp Sell
BASI Bioanalytical Systems, Inc. Sell
AVNW Aviat Networks Inc Sell
BWFG Bankwell Financial Group Inc Hold
MSBI Midland States Bancorp Inc Hold
HOPE Hope Bancorp Inc Buy
SXC SunCoke Energy Inc Buy
IMO Imperial Oil Ltd Buy
ZEUS Olympic Steel, Inc. Buy
ASYS Amtech Systems, Inc. Buy

 

BWFG(Bankwell Financial Group Inc)- Bankwell Financial Group, Inc. is a bank holding company, which engages in the provision of financial services through its banking subsidiary, Bankwell Bank. It offers personal banking solutions including checking, savings, money market, online and mobile banking, debit cards, and personal loans. It also delivers business banking solutions such as business checking, treasury management, business savings, commercial services, business loans and lines of credit, and commercial mortgages. The company was founded in 2007 and is headquartered in New Canaan, CT.


MSBI(Midland States Bancorp Inc)- Midland States Bancorp, Inc. is a bank holding company, which engages in the provision of commercial and consumer banking products and services through its subsidiary, Midland States Bank. It operates through the following segments: Banking; Wealth Management; Commercial Federal Housing Administration Origination and Servicing; and Other. The Banking segment offers financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services.


HOPE(Hope Bancorp Inc)- Hope Bancorp, Inc. is a bank holding company, which engages in the provision of financial services through its subsidiary, Bank of Hope. It offers core business banking products for small and medium-sized businesses and individuals. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credit card, and mortgage loans. The company was founded in February 2000 and is headquartered in Los Angeles, CA.


SXC(SunCoke Energy Inc)- SunCoke Energy, Inc. is engaged in the production of coke through heating metallurgical coal in a refractory oven. It operates through the following segments: Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of Jewell facility located in Vansant, Virginia; Indiana Harbor facility located in East Chicago, Indiana; Haverhill facility located in Franklin Furnace, Ohio; Granite City facility located in Granite City, Illinois; and Middletown facility located in Middletown, Ohio. The Brazil Coke segment comprises its operations in Vitória, Brazil. The Logistics segment comprises CMT, KRT, Lake Terminal, which provides services to Indiana Harbor coke making facility; and DRT, which provides services to Jewell cokemaking facility. The company was founded in December 2010 and is headquartered in Lisle, IL.


IMO(Imperial Oil Ltd)- Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following business segments: Upstream, Downstream, Chemical and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.


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.


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!!!!

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