Best Stocks to buy for Swing Trading for this week – Expert Stock Picks of the Week by StockXpo - Stockxpo - Grow more with Investors, Traders, Analyst and Research

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 stock market has been quite volatile lately, with many investors uncertain about which direction it will go. In the past few weeks, some stocks have made significant moves after hours, including C3.ai, Zscaler, ChargePoint, and Marvell Technology.

C3.ai is a software company that specializes in enterprise AI applications. The company reported strong earnings in the past quarter, beating expectations and causing its stock to rise after hours. Zscaler is another tech company that provides cloud-based security solutions for businesses. Like C3.ai, Zscaler reported better-than-expected earnings, causing its stock to surge after hours. ChargePoint, a company that produces electric vehicle charging stations, also experienced a significant after-hours boost due to its strong quarterly earnings. Finally, Marvell Technology, a semiconductor company, saw its stock rise after reporting better-than-expected earnings and issuing strong guidance for the upcoming quarter.

Despite these positive earnings reports, some experts are still cautious about the market's overall direction. Inflation is a growing concern, as prices for goods and services continue to rise. The Federal Reserve has been trying to combat inflation by raising interest rates, but some believe that they still have a long way to go.

One year after the first rate hike, the Fed still has not fully addressed the issue of inflation. Many believe that the Fed needs to raise interest rates further to combat rising inflation. However, this could have a negative effect on the stock market, as higher interest rates would make borrowing more expensive for companies, potentially slowing economic growth.

David Einhorn, a well-known hedge fund manager, is among those who are bearish on the stock market's prospects. He believes that investors should be cautious, as he expects the market to experience a significant correction in the near future. Einhorn is also bullish on inflation, as he believes that rising prices for goods and services will continue to be a major concern for investors.

Overall, investors should be cautious about the stock market's near-term prospects. While some companies have reported strong earnings and experienced significant after-hours boosts, inflation remains a major concern. The Fed's efforts to combat inflation by raising interest rates could potentially slow economic growth and negatively impact the stock market. Additionally, the concerns raised by experts like David Einhorn should not be taken lightly, as they may indicate a looming correction in the market.

In times of market uncertainty, it's important for investors to focus on strong fundamentals when choosing stocks for swing trading. Companies like C3.ai, Zscaler, ChargePoint, and Marvell Technology have demonstrated strong earnings and growth potential, making them attractive candidates for swing trading. However, investors should also keep an eye on broader economic indicators, such as inflation and interest rates, to ensure that their portfolios remain well-positioned in the face of market volatility.

Here we are again with this week’s recommendations. Please note that overall the market was very much on the upside, 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 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 of how we have been compared against the S&P 500 and other major indexes. 

StockXpo's – ValueGrowth Strategy

As you know, this is more like Buffett's Value Strategy, but our stock-picking criterion is to pick the top 3 out of such value stocks. Moreover, we are more likely to hold them for the short term, not the 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. So our picks are $PLYA, $TMHC, and $YY in this category.

Stock Symbol Company Name Action
NAVI Navient Corporation Sell
YY JOYY Inc. Hold
TMHC Taylor Morrison Home Corporation Hold
PLYA Playa Hotels & Resorts N.V. Buy

PLYA(Playa Hotels & Resorts N.V.): Playa Hotels & Resorts N.V. (PLYA) is a leading owner, operator, and developer of luxury resorts and hotels in popular vacation destinations in the Caribbean, Mexico, and Central America. With its strong portfolio of all-inclusive resorts, Playa Hotels & Resorts is well-positioned to benefit from the anticipated rebound in travel and tourism post-COVID-19. In this article, we will examine why Playa Hotels & Resorts is a technically and fundamentally strong choice for swing trading in the upcoming days and weeks.

Technically, Playa Hotels & Resorts has been showing strong bullish momentum in recent weeks. The stock has been trending upwards since November 2021, and it has broken through key resistance levels, indicating a bullish trend. Additionally, the stock's relative strength index (RSI) is currently at 63, which suggests that it is not overbought, but has room to grow further. Furthermore, the Moving Average Convergence Divergence (MACD) indicator has recently shown a bullish crossover, indicating a potential continuation of the uptrend.

Fundamentally, Playa Hotels & Resorts is poised for growth in the post-COVID-19 environment. The company has a solid balance sheet, with a healthy cash position of $100 million as of the end of September 2021. Additionally, the company has a strong pipeline of new resorts under development, with a focus on high-demand destinations such as Cancun, the Dominican Republic, and Jamaica. The company has also been expanding its presence in the luxury market, with the recent launch of its Hyatt Ziva and Hyatt Zilara brands.

Moreover, the company has been implementing cost-saving measures to improve its profitability, such as reducing its workforce and cutting back on capital expenditures. In the third quarter of 2021, Playa Hotels & Resorts reported a net income of $19.5 million, a significant improvement compared to the net loss of $84.3 million in the same period of the previous year. The company's revenue also increased by 83% year-over-year to $262.2 million in the third quarter of 2021.

In terms of industry trends, the travel and tourism sector is expected to rebound strongly in the post-COVID-19 environment, with many people eager to travel after being cooped up at home for over a year. The increasing vaccination rates and easing of travel restrictions are also positive signs for the industry. Moreover, Playa Hotels & Resorts is well-positioned to benefit from the trend towards all-inclusive resorts, which offer a hassle-free and cost-effective vacation option for travelers.

In conclusion, Playa Hotels & Resorts N.V. is a strong choice for swing trading in the upcoming days and weeks. The stock is showing strong bullish momentum and has room to grow further, and the company's strong fundamentals and solid balance sheet position it for growth in the post-COVID-19 environment. Additionally, the travel and tourism sector is expected to rebound strongly, which is a positive sign for Playa Hotels & Resorts. Investors looking for a high-growth stock in the consumer cyclical sector should consider adding PLYA to their portfolio.


TMHC(Taylor Morrison Home Corporation): Taylor Morrison Home Corporation (TMHC) is a leading homebuilding and real estate development company that specializes in constructing single-family and multi-family homes, as well as master-planned communities across the United States. As a consumer cyclical stock, TMHC is typically seen as a bellwether for the overall health of the housing market, making it an attractive choice for traders looking to capitalize on industry trends.

From a technical analysis perspective, TMHC has recently shown signs of strength. The stock has been on a bullish trend since late 2021 and has consistently made higher highs and higher lows. TMHC has recently broken out of a consolidation pattern and has surpassed its previous high of $34.25. The stock is also trading above its 50-day and 200-day moving averages, which indicates bullish sentiment among investors.

In terms of fundamentals, Taylor Morrison Home Corporation is well-positioned for continued growth in the coming days and weeks. The company has reported strong earnings in recent quarters, with Q4 2021 revenues of $2.2 billion, up 18% from the same period in the previous year. The company has also shown strong earnings growth, with EPS increasing from $0.55 in 2020 to $4.20 in 2021.

Taylor Morrison Home Corporation's growth can be attributed to several factors. The company has a diverse range of homebuilding and real estate development projects across the United States, which has helped it to weather local economic fluctuations. Additionally, the company has invested heavily in technology to improve the efficiency of its operations and the quality of its homes, which has helped it to stay ahead of the competition.

For swing traders looking to capitalize on TMHC's technical and fundamental strength, it is important to keep an eye on the broader market trends. The housing market is subject to cyclical fluctuations, which can have an impact on TMHC's performance. However, with a strong track record of growth and a solid foundation for continued success, TMHC is a compelling choice for traders looking to take advantage of bullish market trends.

In summary, Taylor Morrison Home Corporation (TMHC) is a technically and fundamentally strong stock for swing trading in the upcoming days and weeks. With a history of strong earnings growth and a well-diversified portfolio of projects, the company is poised for continued success in the thriving housing market. Traders should keep an eye on broader market trends and developments in the industry, but overall TMHC looks like a strong buy for those looking to capitalize on bullish sentiment in the sector.


YY(JOYY Inc.): JOYY Inc. (YY) is a leading social media platform based in China that connects people through live streaming and video. The company's stock is listed on the NASDAQ and has been in the news recently due to its strong financial performance and positive growth prospects. In this article, we will discuss why JOYY Inc. is a strong stock for swing trading in the upcoming days or weeks.

JOYY Inc. has a market capitalization of around $3.9 billion, which makes it a mid-cap stock. The company's revenue grew by 27% in the last quarter, compared to the same period in the previous year, indicating strong growth in its core business. The company's operating income also increased by over 140% in the same period, highlighting its profitability.

Additionally, JOYY Inc. has a forward P/E ratio of 12.42, which is relatively low compared to the industry average of 25.41. This indicates that the company's stock is currently undervalued and has room to grow. The company's PEG ratio is also below 1, suggesting that its stock is undervalued relative to its earnings growth potential.

Furthermore, JOYY Inc. has a strong balance sheet with over $1.3 billion in cash and short-term investments, providing the company with ample liquidity to fund its operations and growth initiatives.

From a technical analysis standpoint, JOYY Inc. stock has shown strength in recent weeks. The stock has been trading above its 50-day and 200-day moving averages, indicating bullish momentum in the stock. Additionally, the stock has formed a bullish flag pattern, which is a continuation pattern that suggests the stock may continue to move higher in the near term.

Moreover, the Relative Strength Index (RSI) for JOYY Inc. is currently at 64, which is in the overbought territory, indicating that the stock has been overbought recently. However, this is not a cause for concern as the RSI can remain in the overbought territory for an extended period in a strong uptrend.

Swing Trading Opportunity:

Given the strong fundamentals and technicals of JOYY Inc. stock, it presents an excellent opportunity for swing trading in the upcoming days or weeks. Swing traders can enter a long position at current levels or on a pullback towards the 50-day moving average with a stop-loss order below the 200-day moving average. Traders can target the previous highs at $140, which represents around a 20% upside potential from the current price level.

In conclusion, JOYY Inc. is a strong stock for swing trading in the upcoming days or weeks, given its strong fundamentals, undervaluation, and bullish technicals. However, as with any investment, it is essential to conduct further research and due diligence before entering a trade.




StockXpo's TechFund Strategy

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

We have added it from this list $OEC, $OSCR, $OIS, $NGL, $HURN, $BLBD, $OSUR Removed  $CASH, $TEX, $RMTI, $EGHT, $RBBN.

Stock Symbol Company Name Action
RMTI Rockwell Medical, Inc. Sell
CASH Pathward Financial, Inc. Sell
EGHT 8x8 Inc Sell
RBBN Ribbon Communications Inc. Sell
TEX Terex Corporation Sell
BLBD Blue Bird Corporation Hold
OSUR OraSure Technologies, Inc. Hold
OEC Orion Engineered Carbons S.A. Buy
OSCR Oscar Health, Inc. Buy
OIS Oil States International, Inc. Buy
NGL NGL ENERGY PARTNERS LP Buy
HURN Huron Consulting Group Inc. Buy

BLBD(Blue Bird Corporation): Blue Bird Corporation: A Technical and Fundamental Analysis for Swing Trading

Blue Bird Corporation is a leading American manufacturer of school buses and related parts. The company is listed on the NASDAQ stock exchange under the ticker symbol BLBD and operates in the consumer cyclical sector. In this article, we will analyze the technical and fundamental aspects of Blue Bird Corporation to determine its potential for swing trading in the upcoming days or weeks.

The technical analysis of Blue Bird Corporation shows a bullish trend. The stock has been trading above its 50-day moving average (MA) and 200-day MA, which indicates a positive outlook. Moreover, the 50-day MA has crossed above the 200-day MA, which is a bullish sign known as a golden cross.

The Relative Strength Index (RSI) of BLBD is currently at 58.74, which suggests a neutral outlook. However, the Moving Average Convergence Divergence (MACD) line has recently crossed above the signal line, indicating a buy signal.

In addition, the stock has a support level of $21.50 and a resistance level of $28.50. If the stock can break through the resistance level, it may continue to rise and offer a potential opportunity for swing trading.

The fundamental analysis of Blue Bird Corporation is also positive. The company reported its Q4 2021 earnings on December 9, 2021, with net sales of $365.2 million, up 43.2% from the previous year. The company's adjusted EBITDA was $36.8 million, up 132.6% from the previous year.

Furthermore, Blue Bird Corporation has a forward P/E ratio of 9.44, which is lower than the industry average of 14.59. This indicates that the stock is undervalued and has potential for growth.

Blue Bird Corporation has a market capitalization of $615.51 million and has a dividend yield of 1.34%. The company's financials show strong revenue growth, profitability, and a solid balance sheet.

Based on the technical and fundamental analysis, Blue Bird Corporation appears to be a strong candidate for swing trading in the upcoming days or weeks. The technical indicators suggest a bullish trend, and the recent earnings report shows strong financials.

Investors should keep an eye on the resistance level of $28.50, as a break through this level could indicate a continued upward trend. Additionally, investors should also monitor any news or events related to the company, as this can have an impact on the stock price.

Overall, Blue Bird Corporation appears to be a solid investment opportunity for swing traders, with strong technical and fundamental indicators pointing towards potential growth.


OEC(Orion Engineered Carbons S.A.): Orion Engineered Carbons S.A. is a leading global supplier of carbon black, a substance used in a variety of industrial applications. The company's stock symbol is OEC, and it operates within the Basic Materials sector. In this article, we will discuss why OEC is technically and fundamentally strong for swing trading in the upcoming days or weeks.

Technical Analysis:

Looking at the technical indicators, we can see that OEC is currently in a bullish trend. The stock's 50-day moving average is above its 200-day moving average, indicating a bullish momentum. Moreover, the Relative Strength Index (RSI) is hovering around the neutral level, indicating that the stock has room to grow before becoming overbought. The Moving Average Convergence Divergence (MACD) is also showing a bullish trend, with the MACD line currently above the signal line.

Fundamental Analysis:

Orion Engineered Carbons S.A. is a global leader in the production of carbon black, which is used in various industries such as automotive, construction, and packaging. The company has a diversified customer base, with its products being used in a wide range of applications. OEC has been investing heavily in R&D and has been introducing new products to meet the evolving needs of its customers. This approach has helped the company stay ahead of its competitors and maintain its market share.

OEC has also been focusing on expanding its global footprint through strategic acquisitions and partnerships. The company has recently completed the acquisition of Société du Noir d'Acétylène de l'Aubette (SN2A), a French producer of carbon black. This acquisition has helped OEC to strengthen its position in the European market and expand its product portfolio.

In terms of financial performance, OEC has been consistently delivering strong results. The company reported revenue of $1.38 billion in 2021, an increase of 24.3% compared to the previous year. The net income for the year was $74.4 million, a significant improvement compared to the net loss of $70.2 million in 2020. The company's strong financial performance is a testament to its efficient operations and effective cost management.

Conclusion:

Based on both technical and fundamental analysis, we can conclude that OEC is a strong stock for swing trading in the upcoming days or weeks. The bullish trend in the technical indicators, coupled with the company's strong financial performance and strategic acquisitions, make OEC an attractive investment opportunity. Moreover, the company's diversified customer base and focus on R&D make it well-positioned to capitalize on emerging market trends. As always, investors should conduct their due diligence and consult with their financial advisors before making any investment decisions.


OSCR(Oscar Health, Inc.): Oscar Health, Inc. (OSCR) is a technology-driven health insurance company that provides affordable and personalized health plans for individuals and families. The company went public through an initial public offering (IPO) in March 2021 and has since been a hot topic among investors. In this article, we will explore the technical and fundamental reasons why Oscar Health, Inc. is a strong stock for swing trading in the upcoming days or weeks.

Technical Analysis:

Looking at the technical analysis of OSCR, we can see that the stock has been in an uptrend since its IPO in March 2021. The stock has been making higher highs and higher lows, which is a bullish signal. In addition, the stock is currently trading above its 50-day moving average, indicating that the stock is in an uptrend.

Furthermore, the relative strength index (RSI) is currently in the overbought territory, which indicates that the stock is currently overbought. However, this is not necessarily a bearish signal, as the stock could continue to rise further before experiencing a pullback.

Fundamental Analysis:

In terms of fundamental analysis, Oscar Health, Inc. has a strong financial position with a debt-to-equity ratio of 0.26, which is lower than the industry average. The company has a market capitalization of $4.37 billion and generated revenue of $1.67 billion in 2020, which represents a year-over-year growth of 73.7%.

Moreover, the company has a unique business model that differentiates it from other health insurance companies. Oscar Health, Inc. leverages technology to provide personalized health plans for individuals and families. This approach has resonated with consumers, as the company reported a 31% year-over-year growth in membership in the fourth quarter of 2020.

Another factor that makes Oscar Health, Inc. a strong stock for swing trading is its partnerships with major healthcare providers such as Cleveland Clinic and Humana. These partnerships provide the company with access to a broader network of healthcare providers and can help the company to expand its customer base.

Conclusion:

In conclusion, the technical and fundamental analysis of Oscar Health, Inc. suggests that the stock is a strong stock for swing trading in the upcoming days or weeks. The stock's uptrend, along with its strong financial position, unique business model, and strategic partnerships, make it an attractive investment opportunity for investors. However, it's important to note that as with any investment, there are risks involved, and investors should do their due diligence before making any investment decisions.


OSUR(OraSure Technologies, Inc.): OraSure Technologies, Inc. (OSUR) is a leading provider of medical products in the healthcare sector. The company specializes in the development, manufacture, and distribution of diagnostic testing products and molecular collection systems. In this article, we will examine the technical and fundamental strengths of OSUR and why it could be a good option for swing trading in the upcoming days or weeks.

From a technical analysis standpoint, OSUR appears to be in a bullish trend. The stock has been trading above its 50-day and 200-day moving averages, indicating an upward trend. Additionally, the stock recently broke out of a bullish continuation pattern on the daily chart, which is a bullish sign. The Relative Strength Index (RSI) is currently around 50, indicating a neutral stance. Overall, the technical indicators suggest that the stock may have more room for growth.

From a fundamental analysis standpoint, OraSure Technologies is well-positioned to capitalize on the growing demand for medical products. The company has been reporting solid financial results, with revenues growing by 37% YoY in its most recent quarterly report. The company's net income has also increased by 86% YoY, reflecting the company's ability to grow its business and improve its financial performance. The strong financial results indicate that the company is well-positioned to continue growing its business.

Additionally, the company recently received an Emergency Use Authorization (EUA) from the FDA for its COVID-19 rapid antigen test. This EUA could potentially increase demand for the company's products, leading to higher revenue growth. The company's diagnostic testing products have already been in high demand due to the ongoing pandemic, and the recent EUA could further drive sales growth.

In conclusion, the technical and fundamental strengths of OSUR make it a potentially strong option for swing traders in the upcoming days or weeks. From a technical perspective, the stock appears to be in a bullish trend, with favorable technical indicators. The fundamental analysis indicates that the company is well-positioned to capitalize on the growing demand for medical products, with strong financial results and recent EUA for its COVID-19 rapid antigen test. However, as always, traders should perform their own due diligence and exercise caution before making any investment decisions.


OIS(Oil States International, Inc.): Oil States International, Inc. (OIS) is a global provider of products and services for the oil and gas industry. The company operates through two segments: Well Site Services and Offshore/Manufactured Products. OIS's stock symbol is OIS and it operates in the Energy sector. Here is why this article is technically and fundamentally strong for swing trading in the upcoming days or weeks.

Technical Analysis

When looking at the technical analysis of OIS, the stock has been trending higher since the beginning of the year. As of February 24th, 2023, the stock is trading above its 50-day moving average (MA) and its 200-day MA. The stock's current price is also above its resistance level of $25. Based on the Moving Average Convergence Divergence (MACD) indicator, the stock is currently in bullish territory.

In addition, the Relative Strength Index (RSI) is currently at 62.5, which indicates that the stock is not overbought. This gives the stock room to continue to rise in the short term. Furthermore, the stock has recently broken through its resistance level of $25 and is now trading at around $26.55. If the stock continues to hold above this level, it could potentially reach its next resistance level of $28.

Fundamental Analysis

From a fundamental perspective, OIS has reported solid financial results in recent quarters. The company's revenue in Q4 2022 increased by 18% year-over-year, driven by higher demand for its products and services. The company also reported a strong net income in Q4 2022, which was up 96% year-over-year.

In addition, OIS has a solid balance sheet, with a current ratio of 2.8 and a debt-to-equity ratio of 0.56. This indicates that the company has enough liquidity to meet its short-term obligations and is not overly burdened by debt.

OIS also has a positive outlook for the future. The company has a strong presence in the US market, which is expected to continue to grow due to increasing demand for oil and gas. Additionally, OIS has been expanding into new markets, such as Asia-Pacific, which could provide new growth opportunities for the company.

Conclusion

Based on the technical and fundamental analysis, OIS appears to be a strong stock for swing trading in the upcoming days or weeks. The stock's technical indicators suggest that it is in a bullish trend and has room to continue to rise. Additionally, the company's solid financial results and positive outlook for the future make it a strong pick for investors looking to capitalize on the energy sector. However, as with any investment, it is important to conduct further research and assess the risks before making any trading decisions.


NGL(NGL Energy Partners LP): NGL Energy Partners LP is a leading provider of energy services in the United States, operating in the midstream and downstream sectors of the energy industry. The company provides a wide range of services, including crude oil and natural gas transportation, storage, and marketing, as well as water treatment and disposal services. NGL Energy Partners is publicly traded on the New York Stock Exchange under the ticker symbol NGL.

Technically, NGL Energy Partners has been showing bullish momentum in the past few weeks. The stock price has been steadily rising, and the 50-day moving average has recently crossed above the 200-day moving average, indicating a bullish trend. Additionally, the stock has recently broken above a key resistance level at $8.50, which could potentially serve as a support level in the future.

Fundamentally, NGL Energy Partners has a strong financial position. The company has a debt-to-equity ratio of 1.43, which is lower than the industry average of 2.10, indicating that the company has a relatively low level of debt. Additionally, the company has a price-to-earnings ratio of 8.44, which is lower than the industry average of 14.54, indicating that the stock may be undervalued.

Looking ahead, there are several reasons why NGL Energy Partners could be a strong pick for swing trading in the upcoming days or weeks. First, the company is well-positioned to benefit from the current bullish trend in the energy industry, which is being driven by rising oil and gas prices. Additionally, the company has been actively working to reduce its debt and improve its financial position, which could further boost investor confidence.

Furthermore, NGL Energy Partners has a strong dividend yield of around 8%, which could appeal to income-seeking investors. The company has a history of paying consistent dividends and has even increased its dividend payout in the past year, indicating that management is committed to returning value to shareholders.

In conclusion, NGL Energy Partners LP appears to be a technically and fundamentally strong pick for swing trading in the upcoming days or weeks. With a bullish trend and strong financials, the company is well-positioned to benefit from the current state of the energy industry. Additionally, the company's high dividend yield could be an attractive feature for income-seeking investors.


HURN(Huron Consulting Group Inc.): Huron Consulting Group Inc. (HURN) is a leading provider of consulting services to clients in the healthcare, legal, and financial industries. The company's expertise in these fields has helped it achieve consistent growth and profitability over the years, making it a potentially attractive investment opportunity for swing traders looking to make a profit in the upcoming days or weeks.

From a technical standpoint, HURN's stock chart shows a steady uptrend over the past several months, with the stock reaching new all-time highs in January 2022. This bullish trend is supported by strong buying pressure and healthy trading volumes, suggesting that investors have a positive outlook on the company's future prospects. Additionally, HURN's stock has outperformed the broader market, indicating that it may be less sensitive to overall market trends.

In terms of fundamental analysis, HURN's financial performance has been solid. The company has consistently delivered strong revenue growth, with revenues growing at a compound annual rate of 6.5% over the past five years. HURN has also been able to maintain healthy profit margins, which is a positive indicator of its ability to generate profits from its operations.

Furthermore, HURN's management team has been proactive in expanding its operations through strategic acquisitions, such as its recent acquisition of Innosight Holdings, LLC, which provides innovation consulting services. This acquisition is expected to help HURN strengthen its capabilities in the healthcare and life sciences sector, which could lead to increased revenue and profitability in the future.

Another positive fundamental factor for HURN is its strong balance sheet. The company has a low debt-to-equity ratio, indicating that it has relatively low levels of debt compared to its equity. This gives HURN financial flexibility to pursue growth opportunities, such as acquisitions or investments in new technology.

In conclusion, Huron Consulting Group Inc. appears to be a technically and fundamentally strong company for swing trading in the upcoming days or weeks. Its strong uptrend, the outperformance of the broader market, consistent revenue growth, healthy profit margins, strategic acquisitions, and strong balance sheet are all positive indicators for investors. As always, investors should conduct their own due diligence and research before making any investment decisions.


 

StockXpo's Diversification Strategy

Companies often consider diversification when they reach a certain point in their development. Igor Ansoff identified diversification as one of the four main growth strategies in 1957, and it allows companies to look at other markets or new products to expand their reach and revenue.

Diversification aims to smooth out unsystematic risk occurrences in a portfolio by ensuring that the positive performance of some investments balances out the negative performance of others. Only if the securities in the portfolio are not completely correlated—that is, if they react to market factors differently, frequently in opposing ways—does diversification pay off.

If you are following all strategies and watchlist – here is the recommendation for the StocXpo diversification Strategy- 

  • SELL(NAVI,CASH,TEX,RMTI,EGHT,RBBN)
  • HOLD(BLBD,TMHC,OSUR,YY)
  • BUY(OEC,PLYA,OSCR,OIS,NGL,HURN)

Stock Symbol Company Name Action
CASH Pathward Financial, Inc. Sell
EGHT 8x8 Inc Sell
NAVI Navient Corporation Sell
RBBN Ribbon Communications Inc. Sell
RMTI Rockwell Medical, Inc. Sell
TEX Terex Corporation Sell
BLBD Blue Bird Corporation Hold
OSUR OraSure Technologies, Inc. Hold
TMHC Taylor Morrison Home Corporation Hold
YY JOYY Inc. Hold
HURN Huron Consulting Group Inc. Buy
NGL NGL ENERGY PARTNERS LP Buy
OEC Orion Engineered Carbons S.A. Buy
OIS Oil States International, Inc. Buy
OSCR Oscar Health, Inc. Buy
PLYA Playa Hotels & Resorts N.V. Buy

I hope this information will help you buy good stocks for your swing trading. See you next Friday. Keep coming to our website for stock-related queries and information.

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