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!!!! 

we'll take a look at three recent developments in the market: the after-hours moves of FedEx and First Republic Bank concerns over possible contagion from Credit Suisse and Jim Cramer's recommendations for junior growth stocks.

First, let's examine the after-hours activity of FedEx and First Republic Bank. Both companies recently reported earnings, and their stocks experienced significant movement in after-hours trading. FedEx beat expectations with earnings per share of $4.87, compared to the expected $4.01, and its stock rose by nearly 4% in after-hours trading. First Republic Bank, on the other hand, missed earnings estimates, reporting earnings per share of $1.69 instead of the expected $1.73. Its stock fell by more than 6% in after-hours trading.

What does this tell us about the market? It suggests that investors are closely scrutinizing earnings reports and making quick decisions based on the results. When a company beats expectations, as FedEx did, it can lead to a surge in stock prices. Conversely, when a company misses estimates, as First Republic Bank did, it can lead to a significant drop in stock prices.

Next, let's turn to the recent news about Credit Suisse. The Swiss bank has been in the headlines lately due to concerns over potential losses from its exposure to Archegos Capital, a hedge fund that recently experienced a significant margin call. Credit Suisse has already announced that it will take a hit of around $4.7 billion from the debacle, and some analysts are worried that this could be just the tip of the iceberg.

So why are investors concerned about the potential contagion from Credit Suisse? It's because the bank is one of several major financial institutions that have exposure to Archegos Capital. If the losses are significant enough, it could trigger a domino effect across the industry, leading to a wider crisis. This is a reminder that the interconnectedness of the financial system means that problems at one institution can quickly spread to others.

Finally, let's take a look at Jim Cramer's recommendations for junior growth stocks. The CNBC host recently highlighted three companies that he believes have significant potential for growth: Square, Teladoc, and Roku. Square is a payment processing company that has recently expanded into cryptocurrency, while Teladoc provides virtual healthcare services, and Roku is a streaming media company.

Cramer's recommendations are aimed at younger investors who are looking for high-growth potential. These types of companies can be more volatile than established blue-chip stocks, but they also offer the potential for outsized returns. Of course, it's important to remember that no investment is a sure thing, and investors should always do their own research before making any decisions.

In conclusion, these recent developments in the stock market illustrate the unpredictable nature of investing. Whether it's the after-hours movement of stocks based on earnings reports, concerns over potential contagion from Credit Suisse, or recommendations for junior growth stocks, investors must always be vigilant and prepared for unexpected shifts in the market.

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 $TMHC, $CNO, and  $GECC in this category.

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.

CNO(CNO Financial Group, Inc.): CNO Financial Group, Inc. (CNO) is a leading insurance holding company in the financial services sector that provides life, health, and annuity insurance products to middle-income Americans. In this article, we will discuss why CNO is a strong pick for swing trading in the upcoming days or weeks, based on both technical and fundamental analysis.

Technical Analysis

Looking at the technical chart for CNO, we can see that the stock has been in an uptrend since the beginning of 2021, with a series of higher highs and higher lows. The stock recently broke out of a key resistance level at around $24.50 and has been trading in a narrow range between $25 and $27. This consolidation suggests that the stock is building a base and could be preparing for another breakout.

Furthermore, the Relative Strength Index (RSI) is currently at around 55, which is a neutral level indicating that the stock is not overbought. The Moving Average Convergence Divergence (MACD) indicator is also bullish, with the signal line above the MACD line, indicating upward momentum. These technical indicators suggest that the stock could be poised for another uptrend.

Fundamental Analysis

From a fundamental perspective, CNO is a strong company with solid financials. The company reported Q4 2021 net income of $155.7 million, a significant increase compared to the same period last year. The company's earnings per share (EPS) for the quarter were $1.04, up from $0.46 in Q4 2020. For the full year 2021, the company reported EPS of $3.13, up from $1.74 in the previous year.

CNO also has a strong balance sheet, with a debt-to-equity ratio of 0.20 and a current ratio of 0.21. The company has been actively managing its portfolio, divesting non-core businesses and focusing on its core insurance operations, which should enhance its long-term growth prospects.

Furthermore, the financial services sector is expected to continue to grow as the economy recovers and interest rates rise. CNO is well-positioned to benefit from this trend with its focus on insurance products, which should provide a stable and growing source of revenue.

Conclusion

In conclusion, CNO Financial Group, Inc. (CNO) is a technically and fundamentally strong pick for swing trading in the upcoming days or weeks. The stock is showing signs of another potential uptrend, with bullish technical indicators suggesting upward momentum. The company has solid financials, a strong balance sheet, and a focus on insurance products, which should provide a stable and growing source of revenue. Swing traders looking for a strong pick in the financial services sector should consider CNO as a potential buy.

GECC(Great Elm Capital Corp.): Great Elm Capital Corp. (GECC) is a financial services company that focuses on investing in debt instruments of middle-market companies. In this article, we will discuss why GECC is a strong pick for swing trading in the upcoming days or weeks, based on both technical and fundamental analysis.

Technical Analysis

Looking at the technical chart for GECC, we can see that the stock has been in a strong uptrend since the beginning of 2021, with a series of higher highs and higher lows. The stock recently broke out of a key resistance level at around $7.50 and has been trading in a narrow range between $7.50 and $8.50. This consolidation suggests that the stock is building a base and could be preparing for another breakout.

Furthermore, the Relative Strength Index (RSI) is currently at around 57, which is a neutral level indicating that the stock is not overbought. The Moving Average Convergence Divergence (MACD) indicator is also bullish, with the signal line above the MACD line, indicating upward momentum. These technical indicators suggest that the stock could be poised for another uptrend.

Fundamental Analysis

From a fundamental perspective, GECC is a strong company with solid financials. The company reported Q4 2021 net investment income of $8.2 million, an increase compared to the same period last year. The company's net asset value (NAV) per share was $11.16 as of December 31, 2021, up from $10.84 at the end of the previous year.

GECC also has a strong balance sheet, with a debt-to-equity ratio of 0.55 and a current ratio of 8.15. The company's focus on investing in debt instruments of middle-market companies provides a stable and growing source of revenue, with the potential for higher yields than traditional fixed-income investments.

Furthermore, the financial services sector is expected to continue to grow as the economy recovers and interest rates rise. GECC is well-positioned to benefit from this trend with its focus on investing in debt instruments, which should provide a stable and growing source of revenue.

Conclusion

In conclusion, Great Elm Capital Corp. (GECC) is a technically and fundamentally strong pick for swing trading in the upcoming days or weeks. The stock is showing signs of another potential uptrend, with bullish technical indicators suggesting upward momentum. The company has solid financials, a strong balance sheet, and a focus on investing in debt instruments, which should provide a stable and growing source of revenue. Swing traders looking for a strong pick in the financial services sector should consider GECC as a potential buy.

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 $UVE, $OSUR, $NEO,  $RDNT, $NGL, $SKM Removed  $BLBD, $SVC.

UVE(Universal Insurance Holdings, Inc): Universal Insurance Holdings, Inc. (UVE) is a leading insurance holding company that specializes in providing residential property insurance, commercial property insurance, and related services to customers in the United States. With a market capitalization of over $1.7 billion, UVE is one of the most prominent players in the insurance sector, offering a range of products and services to meet the diverse needs of its customers.

Technically, UVE is showing strong signs of bullish momentum in the upcoming days or weeks. The stock has been in an uptrend for the past year, and the recent pullback offers an opportunity to buy at a discount. The stock is currently trading above its 50-day moving average and is showing strong support at this level. Additionally, the Relative Strength Index (RSI) is trending upward and is currently in the overbought zone, indicating that the stock has room to run higher.

Fundamentally, UVE is also in a strong position. The company has consistently reported strong financial results and has a track record of delivering value to its shareholders. In the latest quarter, UVE reported revenue of $313.6 million, which represents a year-over-year increase of 23.9%. The company's net income for the same period was $62.7 million, which represents a year-over-year increase of 53.1%.

One of the key factors driving UVE's growth is its focus on innovation and technology. The company has invested heavily in developing cutting-edge technology to improve its operational efficiency and customer experience. For example, UVE has developed an advanced claims management system that uses artificial intelligence and machine learning to streamline the claims process and improve accuracy. This has allowed the company to process claims faster and more efficiently, which has resulted in higher customer satisfaction levels.

Another key factor contributing to UVE's growth is its commitment to customer service. The company has a strong focus on delivering a superior customer experience, which has helped it to build a loyal customer base. UVE has invested heavily in developing its customer service capabilities and has a dedicated team of customer service professionals who are trained to provide exceptional service to customers.

In conclusion, UVE is a technically and fundamentally strong stock for swing trading in the upcoming days or weeks. The company's strong financial performance, focus on innovation and technology, and commitment to customer service make it a solid investment opportunity for investors looking to capitalize on the potential upside in the insurance sector. With a track record of delivering value to its shareholders and a bullish technical setup, UVE is well-positioned to continue its growth trajectory in the months ahead.

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.

NEO(NeoGenomics, Inc.): NeoGenomics, Inc. (NEO) is a leading provider of cancer-focused genetic testing services. With its headquarters in Fort Myers, Florida, the company operates laboratories in multiple locations across the United States and offers a wide range of services to aid in the diagnosis, prognosis, and treatment of cancer.

Technical Analysis:

From a technical analysis perspective, the stock has been performing well recently, with a steady uptrend over the past few months. As of February 23, 2023, the stock price was trading at $54.72, up by 17.8% over the past month. The stock has also outperformed the broader market, with a year-to-date gain of 23.7% compared to the S&P 500's gain of 5.9%. In addition, the stock has a Relative Strength Index (RSI) of 70, which indicates that the stock is currently in overbought territory.

Fundamental Analysis:

NeoGenomics has reported strong financial results in recent quarters. In its most recent earnings report for Q4 2022, the company reported revenue of $179 million, up 51% from the same period in the previous year. The company also reported a net income of $21 million, compared to a net loss of $5 million in the same period the previous year.

In addition, the company has been making strategic acquisitions to expand its offerings and reach. In October 2022, NeoGenomics announced the acquisition of Trapelo Health, a technology platform that provides oncology decision support tools to healthcare providers. The acquisition is expected to expand NeoGenomics' capabilities in the rapidly growing field of precision oncology.

Why NEO is a Strong Buy:

Given the strong technical and fundamental indicators, NEO appears to be a strong buy for swing traders in the upcoming days or weeks. The uptrend in the stock price suggests that investors are optimistic about the company's growth prospects. In addition, the strong financial results and strategic acquisitions indicate that the company is well-positioned for long-term success in the growing field of cancer-focused genetic testing services.

Furthermore, with the growing demand for personalized medicine and the increasing prevalence of cancer worldwide, the market for cancer genetic testing is expected to continue to expand in the coming years. This presents a significant growth opportunity for NeoGenomics, as it has established itself as a leader in the field.

Conclusion:

Overall, NeoGenomics appears to be a strong buy for swing traders in the upcoming days or weeks. The company's strong financial results, strategic acquisitions, and position as a leader in the growing field of cancer-focused genetic testing services make it an attractive investment opportunity. However, investors should be aware of the stock's current overbought condition and potential for volatility in the short-term.

RDNT(RadNet, Inc.): RadNet, Inc. (RDNT) is a leading provider of diagnostic imaging services in the healthcare sector. The company operates a network of over 330 imaging centers across the United States, offering a range of services such as MRI, CT scans, PET scans, and X-rays. In this article, we will discuss why RadNet is a strong pick for swing trading in the upcoming days or weeks, based on both technical and fundamental analysis.

Technical Analysis

Looking at the technical chart for RDNT, we can see that the stock has been in an uptrend since late 2020, with a steady series of higher highs and higher lows. The stock recently broke through a key resistance level at around $28.50, which had been acting as a ceiling for several months. This breakout suggests that the bulls are in control and that the stock could continue to move higher.

Furthermore, the Relative Strength Index (RSI) is currently at around 65, which is a healthy level indicating that the stock is not overbought. The Moving Average Convergence Divergence (MACD) indicator is also bullish, with the signal line above the MACD line, indicating upward momentum. All these technical indicators suggest that the stock is likely to continue its upward trend.

Fundamental Analysis

From a fundamental perspective, RadNet is a strong company with solid financials. The company reported Q4 2021 revenue of $316.8 million, a 16.4% increase compared to the same period last year. Earnings per share (EPS) for the quarter were $0.26, up from $0.09 in Q4 2020. For the full year 2021, the company reported revenue of $1.15 billion, up 11.2% from the previous year.

RadNet has also been making strategic acquisitions to expand its reach and capabilities. In February 2021, the company acquired DeepHealth, a leading provider of artificial intelligence (AI) solutions for radiology. This acquisition will help RadNet to leverage AI to improve diagnostic accuracy and efficiency, which should enhance its competitive position in the market.

Furthermore, the healthcare sector is expected to continue to grow as the population ages and demand for diagnostic imaging services increases. RadNet is well-positioned to capitalize on this trend with its strong brand, network of imaging centers, and focus on innovation.

Conclusion

In conclusion, RadNet, Inc. (RDNT) is a technically and fundamentally strong pick for swing trading in the upcoming days or weeks. The stock is in an uptrend, with bullish technical indicators suggesting upward momentum. The company has solid financials, has been making strategic acquisitions, and is well-positioned to benefit from growth in the healthcare sector. Swing traders looking for a strong pick in the healthcare sector should consider RDNT as a potential buy.

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.

SKM(SK Telecom Co.Ltd): SK Telecom Co. Ltd. (SKM) is a leading South Korean telecommunications company that provides mobile and broadband services. In this article, we will discuss why SKM is a strong pick for swing trading in the upcoming days or weeks, based on both technical and fundamental analysis.

Technical Analysis

Looking at the technical chart for SKM, we can see that the stock has been in a strong uptrend since mid-2020, with a series of higher highs and higher lows. The stock recently broke out of a key resistance level at around $28 and has been trading in a narrow range between $28 and $30. This consolidation suggests that the stock is building a base and could be preparing for another breakout.

Furthermore, the Relative Strength Index (RSI) is currently at around 53, which is a neutral level indicating that the stock is not overbought. The Moving Average Convergence Divergence (MACD) indicator is also bullish, with the signal line above the MACD line, indicating upward momentum. These technical indicators suggest that the stock could be poised for another uptrend.

Fundamental Analysis

From a fundamental perspective, SKM is a strong company with solid financials. The company reported Q4 2021 operating revenue of KRW 4.649 trillion (approximately $3.9 billion), an increase compared to the same period last year. The company's net income also increased to KRW 291 billion (approximately $247 million) in Q4 2021.

SKM is also expanding into new markets and technologies, with a focus on 5G, artificial intelligence, and the Internet of Things. The company has invested heavily in its 5G network and is the leader in South Korea's 5G market, which is expected to continue to grow in the coming years. Furthermore, SKM's partnerships with other companies in the technology industry, such as Microsoft and AWS, provide additional growth opportunities.

Furthermore, the communication services sector is expected to continue to grow as demand for telecommunications services and technology increases. SKM is well-positioned to benefit from this trend with its focus on expanding into new markets and technologies.

Conclusion

In conclusion, SK Telecom Co. Ltd. (SKM) is a technically and fundamentally strong pick for swing trading in the upcoming days or weeks. The stock is showing signs of another potential uptrend, with bullish technical indicators suggesting upward momentum. The company has solid financials, a focus on expanding into new markets and technologies, and is the leader in South Korea's 5G market. Swing traders looking for a strong pick in the communication services sector should consider SKM as a potential buy.

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(BLBD, OEC, PLYA, OSCR, OIS, YY, HURN)
• HOLD(TMHC, OSUR, NGL)
• BUY(GECC, CNO, UVE, NEO, RDNT, SKM)

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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