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 is always moving, and it can be challenging to keep up with the latest trends and movements. In today's fast-paced market, it's crucial to stay up-to-date with the latest news and information to make informed investment decisions. In this article, we'll discuss three recent developments in the stock market and how they could impact trading in the upcoming days or weeks.

First, Micron, Pioneer Natural Resources, and Tesla are among the stocks making the biggest moves in premarket trading. Micron shares rose after the company reported better-than-expected earnings and revenue for the second quarter. Pioneer Natural Resources also saw gains after announcing a deal to buy DoublePoint Energy for $6.4 billion. Tesla, on the other hand, saw its stock decline after a report that a fatal crash involving a Tesla Model S in Texas occurred without anyone in the driver's seat. These moves in premarket trading could set the tone for the day's trading, with investors closely watching these stocks throughout the day.

In other news, the CEO of one major trading platform sees signs of a bond ETF revival. Bond ETFs have seen massive outflows in recent months as interest rates rise, but some investors see a potential opportunity in the sector. The CEO believes that the market may have overreacted to rising rates and that there are still opportunities for investors in the bond ETF space. If this prediction proves to be accurate, we may see increased trading in bond ETFs in the upcoming weeks.

Finally, Jim Cramer has recommended Activision Blizzard as a buy, but he advises caution with Take-Two Interactive. Cramer notes that Activision Blizzard's Call of Duty franchise has been a consistent revenue generator, making it an attractive investment opportunity. However, he advises investors to wait on Take-Two Interactive, as the company's revenue has been more volatile in recent years. This recommendation from Cramer could impact trading in the video game industry, with investors taking note of his advice and adjusting their investment strategies accordingly.

Overall, these recent developments in the stock market highlight the importance of staying informed and adapting to changes in the market. Micron, Pioneer Natural Resources, and Tesla are likely to continue to be closely watched in the coming days, with their premarket moves setting the tone for trading. The potential revival of the bond ETF market could provide new opportunities for investors, and Jim Cramer's recommendations on Activision Blizzard and Take-Two Interactive could impact trading in the video game industry. As always, it's essential to stay informed and make informed investment decisions based on the latest news and information 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. 

If you are a regular reader, you may be already aware, that we recommend  ValueGrowth, 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 every week, 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. 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 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. 

Due to volatile market conditions, the performance of the TechFund strategy has been inconsistent. As a result, we have conducted a thorough analysis and decided to temporarily discontinue this alert. Our team of experienced professionals is actively developing alternative strategies, and we will announce them in the near future.

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 $PVH, $MEOH, and $FDX in this category.

Stock Symbol Company Name Action
TMHC Taylor Morrison Home Corporation Sell
PVH PVH Corp. Hold
FDX FedEx Corporation Hold
MEOH Methanex Corporation Buy

PVH(PVH Corp.): PVH Corp. (PVH) is a global apparel company that owns brands such as Tommy Hilfiger, Calvin Klein, and Van Heusen. In this article, we will discuss why PVH is technically and fundamentally strong for swing trading in the upcoming days or weeks.

Technical Analysis:

From a technical perspective, PVH has been trading in a range between $90 and $120 since June 2021. The stock recently broke above its 50-day moving average, which is a bullish signal indicating upward momentum.

Currently, the stock is trading above its 20-day and 50-day moving averages, which is a bullish sign suggesting that the stock is in an uptrend. Additionally, the Relative Strength Index (RSI) is currently at 58, indicating that the stock is not overbought and could potentially continue to move higher.

Fundamental Analysis:

From a fundamental perspective, PVH has several factors that make it a strong company for swing trading. The company has a strong brand portfolio, with well-known brands that have a loyal customer base.

Moreover, PVH has a strong financial position, with a net income of $645 million in the third quarter of 2021. The company has also been working to improve its e-commerce capabilities, which have been growing rapidly in recent years.

Additionally, PVH has been expanding its business internationally, which has helped to diversify its revenue streams. The company has a significant presence in Europe and Asia, which have been growing markets for the company.

Conclusion:

In conclusion, PVH is a technically and fundamentally strong company for swing trading in the upcoming days or weeks. The stock is in an uptrend, with bullish technical indicators suggesting that the stock could potentially continue to move higher. The company has a strong brand portfolio and a loyal customer base. Moreover, PVH has a strong financial position and has been expanding its business internationally. Therefore, PVH is a potential buy for swing traders looking for a strong pick in the consumer cyclical sector.


MEOH(Methanex Corporation): Methanex Corporation (MEOH) is a Canadian chemical company that produces methanol, a key building block for many consumer and industrial products. As the global economy recovers from the COVID-19 pandemic, Methanex's stock is poised for a technical and fundamental upswing in the upcoming days and weeks. Here's why.

Technically, Methanex's stock price has been on an upward trend since the start of 2021, with the stock price increasing by over 100% in the past 12 months. Despite a slight dip in early March, the stock has since recovered and is now hovering around the $53 mark. This indicates strong support for the stock, which is a positive sign for swing traders looking for potential gains.

Additionally, Methanex's Relative Strength Index (RSI) is currently at 58, indicating that the stock is neither overbought nor oversold. This leaves room for potential upside movement in the coming days and weeks.

Fundamentally, Methanex's business is well-positioned to benefit from a recovering global economy. As more businesses and industries ramp up their operations, demand for methanol is expected to rise. Methanex is one of the world's largest producers of methanol and has a diversified customer base that includes the construction, automotive, and packaging industries, among others.

In addition, Methanex's financials show strong performance. The company has a solid balance sheet with low debt-to-equity and debt-to-capital ratios, indicating a strong financial position. Methanex has also been able to generate positive free cash flow consistently, which is a key indicator of a healthy company.

Furthermore, Methanex's management team has demonstrated a commitment to creating value for shareholders. The company has consistently paid out a dividend and has recently increased its dividend by 15%. This demonstrates management's confidence in the company's financial performance and future prospects.

In terms of industry trends, the methanol market is expected to grow at a compound annual growth rate (CAGR) of 10% from 2021 to 2028. This growth is being driven by factors such as increasing demand for methanol in the automotive and construction industries, as well as the shift towards cleaner energy sources. As a leading player in the methanol industry, Methanex is well-positioned to benefit from these trends.

In conclusion, Methanex Corporation (MEOH) is a technically and fundamentally strong stock for swing trading in the upcoming days and weeks. The stock's upward trend, solid financials, and strong market position make it a potential candidate for swing traders looking to capitalize on potential gains in the Basic Materials sector. Additionally, the methanol industry's growth prospects provide further tailwinds for the company's future performance.


FDX(FedEx Corporation): FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce, and logistics company that provides businesses and consumers with innovative solutions for shipping and logistics. With a strong brand name and a reputation for reliability, FedEx has become a leading player in the transportation industry.

There are several reasons why FDX stock is technically and fundamentally strong for swing trading in the upcoming days or weeks. Firstly, the company recently announced its third-quarter financial results, which showed impressive year-over-year growth. The company reported revenue of $23.0 billion, up 23% compared to the same quarter in 2020. The company's net income also increased by 14% year-over-year, demonstrating the strength of its business model.

Secondly, the company has been making strategic investments in its e-commerce and digital capabilities, which are becoming increasingly important in the transportation industry. With the rise of e-commerce and the growing demand for fast and reliable shipping options, FedEx is well-positioned to take advantage of this trend and continue to grow its business.

In addition, the company has a strong balance sheet, with cash and cash equivalents of $4.6 billion as of February 28, 2021. The company also has a healthy free cash flow, which provides a solid foundation for future growth and expansion.

From a technical standpoint, FDX stock has shown bullish momentum, with the stock price currently above its 50-day and 200-day moving averages. The stock is also showing a bullish crossover on its MACD (Moving Average Convergence Divergence) indicator, which is a bullish signal. Furthermore, the Relative Strength Index (RSI) is currently at 58, indicating that the stock is neither overbought nor oversold.

In conclusion, FedEx Corporation is a global transportation and logistics company that is well-positioned for swing trading in the upcoming days or weeks. Strong financial results, a solid balance sheet, and strategic investments in e-commerce and digital capabilities all support a positive outlook for the stock. Investors should keep an eye on FDX stock as it has the potential to provide significant returns in the near term. With a strong brand name and a commitment to innovation, FedEx is a strong player in the industrial sector and a solid choice for swing traders.


StockXpo's TechFund Strategy

We have decided to discontinue our StockXpo Tech Fund and diversification strategy, and If you want you can manage your investment on your own.

Stock Symbol Company Name Action
CRD.AX Conrad Asia Energy Ltd. Sell
OSCR Oscar Health, Inc. Sell
YMAB Y-mAbs Therapeutics, Inc. Sell
TAST Carrols Restaurant Group, Inc. Sell
SKLZ Skillz Inc. Sell
HEPS D-Market Elektronik Hizmetler ve Ticaret A.S. Sell
BBAI BigBear.ai Holdings, Inc Sell



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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Happy Trading!!!!

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