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 constantly on the move, and staying on top of the latest news and trends can be a challenge for even the most experienced investors. In this article, we will take a closer look at three recent news stories that are likely to impact the market in the coming weeks and months.

Stocks Making the Biggest Moves After Hours: Amazon, Intel, Snap, Pinterest, and More

The first story comes from a recent report by StockXpo, which highlights some of the biggest movers in the stock market after hours. Among the companies mentioned in the report are Amazon, Intel, Snap, and Pinterest. These companies all saw significant gains after hours, which could be a sign of positive momentum in the coming weeks.

Amazon, in particular, saw a strong performance, with shares rising nearly 4% after the company announced better-than-expected earnings for the quarter. Intel also performed well, with shares rising 2.5% after the company reported strong earnings.

Snap and Pinterest, meanwhile, saw smaller gains but could still be poised for future growth. Snap's shares rose 1.5% after the company announced plans to expand its ad business, while Pinterest's shares rose 1.6% after the company reported better-than-expected earnings.

Overall, these moves suggest that investors are feeling bullish about these companies and are willing to invest in their future growth potential.

ChatGPT Meets Robinhood: New Investing App Features AI-Powered Portfolio Mentor

The second story comes from StockXpo's report on the new features of the popular investing app, Robinhood. The app has been updated with a new AI-powered portfolio mentor that can help users make smarter investment decisions.

The mentor provides personalized insights and recommendations based on a user's investment goals, risk tolerance, and other factors. It also offers real-time market updates and alerts to help users stay on top of the latest news and trends.

This new feature is likely to be a game-changer for investors who are looking for more guidance and support when it comes to managing their portfolios. The AI-powered mentor could help users make more informed decisions and avoid common pitfalls that can lead to losses.

Jim Cramer Says to Not Lose Sight of Investing Fundamentals Despite the Bull Market

The final story comes from Jim Cramer, a well-known financial commentator and host of CNBC's Mad Money. In a recent interview, Cramer cautioned investors not to lose sight of the fundamentals of investing despite the current bull market.

Cramer noted that while the market is currently in a good place, it's important to remember that market conditions can change quickly. He emphasized the importance of diversification, proper risk management, and doing your own research before making investment decisions.

Cramer also suggested that investors should be wary of “fad" stocks and instead focus on companies with solid fundamentals and a proven track record of success.

Overall, these stories highlight the importance of staying on top of the latest market trends and being prepared for whatever the future may bring. By keeping an eye on the biggest movers in the market, leveraging AI-powered tools for guidance, and focusing on fundamentals, investors can stay ahead of the curve and maximize their returns in the coming weeks and months.

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 $ELV, $OI, and  $CVI in this category.

Stock Symbol Company Name Action
PVH PVH Corp. Sell
SR Spire Inc. Sell
CVI CVR Energy Inc. Hold
ELV Elevance Health, Inc. Buy
OI O-I Glass, Inc. Buy

ELV(Elevance Health, Inc.): Elevance Health, Inc. is a healthcare company that provides innovative solutions for patients and providers. The company's focus on creating products that improve patient outcomes and reduce healthcare costs has positioned it as a leader in the healthcare industry. As a swing trader, it is important to analyze a company's technical and fundamental indicators before making investment decisions. In this article, we will discuss why Elevance Health, Inc. is a technically and fundamentally strong company for swing trading in the upcoming days or weeks.

Technical Analysis

When analyzing the technical indicators of Elevance Health, Inc., we can see that the stock has been in a steady uptrend since early 2021. As of the time of writing, the stock is trading above its 50-day and 200-day moving averages, indicating a bullish trend. The Relative Strength Index (RSI) is also in a healthy range, suggesting that the stock is not overbought or oversold.

Furthermore, the stock has shown resilience during market volatility, maintaining its uptrend even during market pullbacks. This resilience is an important characteristic for swing traders, as it suggests that the stock is not as susceptible to market fluctuations as other companies in the healthcare sector.

Fundamental Analysis

Elevance Health, Inc. has a strong fundamental profile, making it an attractive option for swing traders. The company has a solid revenue growth rate, with a year-over-year growth rate of 73.8% reported in the last quarter. This growth rate outperforms the industry average and indicates that the company is on a growth trajectory.

Additionally, Elevance Health, Inc. has a healthy balance sheet, with no long-term debt and a current ratio of 4.4. This indicates that the company has a strong financial position and can weather any short-term financial setbacks.

The company's focus on innovative healthcare solutions has also attracted investor attention. Elevance Health, Inc. has partnerships with major healthcare providers and insurers, including Aetna and Anthem, demonstrating the company's ability to create innovative products that meet the needs of patients and providers.

Conclusion

In summary, Elevance Health, Inc. is a technically and fundamentally strong company for swing trading in the upcoming days or weeks. The company's strong uptrend, resilience during market volatility, and solid revenue growth rate make it an attractive option for swing traders. Additionally, the company's healthy balance sheet and partnerships with major healthcare providers and insurers demonstrate its ability to create innovative healthcare solutions. As always, it is important to conduct your own research and analysis before making any investment decisions.


OI(O-I Glass, Inc.): O-I Glass, Inc. (NYSE: OI) is a leading producer of glass containers for the food and beverage industry. With a long-standing history of over 100 years, the company has established itself as a key player in the consumer cyclical sector. In this article, we will explore why O-I Glass, Inc. is technically and fundamentally strong for swing trading in the upcoming days or weeks.

Technical Analysis:

From a technical perspective, O-I Glass, Inc. appears to be in a bullish trend in the short term. The stock has been trading above its 50-day moving average, indicating a positive momentum. The Relative Strength Index (RSI) is hovering around 60, suggesting that the stock is neither overbought nor oversold. Additionally, the Moving Average Convergence Divergence (MACD) indicator has recently crossed above the signal line, indicating a potential bullish crossover.

Fundamental Analysis:

From a fundamental perspective, O-I Glass, Inc. has a solid financial position. The company reported a revenue of $6.5 billion in 2021, a 10.8% increase from the previous year. O-I Glass, Inc. also reported a net income of $292 million, a significant improvement from the net loss of $291 million in 2020. The company's earnings per share (EPS) is currently at $2.39, indicating a strong profitability.

Moreover, O-I Glass, Inc. has a strong competitive advantage in the glass container industry. The company has a global footprint with operations in North America, Europe, Latin America, and Asia Pacific. Its diverse customer base includes major players in the food and beverage industry, such as Coca-Cola, Anheuser-Busch, and Nestle. Additionally, the company has a commitment to sustainability, aiming to reduce carbon emissions, increase the use of recycled materials, and improve the circularity of their products.

Swing Trading Opportunities:

Given the technical and fundamental analysis, O-I Glass, Inc. presents a potential swing trading opportunity for investors. The stock's bullish trend in the short term, coupled with its strong financial position and competitive advantage, make it a promising option for swing traders.

In addition, O-I Glass, Inc. has recently announced the acquisition of a leading Mexican glass container manufacturer, creating opportunities for growth and expansion in the Latin American market. This acquisition could lead to increased revenue and profitability for the company in the upcoming years.

Conclusion:

In conclusion, O-I Glass, Inc. is a strong candidate for swing trading in the consumer cyclical sector. Its bullish trend in the short term, solid financial position, and competitive advantage make it an attractive option for investors. With the recent acquisition and commitment to sustainability, O-I Glass, Inc. has the potential for further growth and profitability in the future.


CVI(CVR Energy, Inc.): CVR Energy, Inc. (CVI) is an energy company that operates in the petroleum refining and nitrogen fertilizer manufacturing sectors. With a market capitalization of over $3 billion, CVI has been one of the leading players in the energy sector. In this article, we will explore why this stock is technically and fundamentally strong for swing trading in the upcoming days or weeks.

Technical Analysis:

From a technical standpoint, CVI has been showing bullish signs. The stock has been trading above its 50-day moving average, indicating an upward trend. Furthermore, the Relative Strength Index (RSI) is currently at 60, which is above the neutral zone of 50. This indicates that the stock has strong momentum and may continue to climb in the short term. The Moving Average Convergence Divergence (MACD) indicator has also shown a bullish crossover, which further confirms the positive trend.

Fundamental Analysis:

On the fundamental side, CVI has a strong financial position with a healthy balance sheet. The company has been generating consistent revenue growth over the past few years, and its earnings per share (EPS) have been steadily increasing. The current price-to-earnings ratio (P/E) for CVI is 10.32, which is below the industry average. This suggests that the stock is currently undervalued and has room to grow.

CVR Energy's Refining Business:

CVR Energy's refining business is a significant contributor to its revenue. The company has two refineries in Kansas and Oklahoma, with a combined capacity of 206,500 barrels per day. These refineries produce gasoline, diesel fuel, jet fuel, and other petroleum products. The refining segment has been performing well, and the company has been able to improve its margins by implementing cost-cutting measures and increasing operational efficiency.

CVR Energy's Nitrogen Fertilizer Business:

CVR Energy's nitrogen fertilizer business is another important source of revenue for the company. The company's subsidiary, CVR Partners, operates a nitrogen fertilizer plant in Coffeyville, Kansas. This plant produces ammonia, urea ammonium nitrate (UAN), and ammonia sulfate. The nitrogen fertilizer market has been experiencing strong demand due to the increasing global population and the need to produce more food. This presents an opportunity for CVI to benefit from this growing market.

Conclusion:

In conclusion, CVR Energy, Inc. (CVI) is a stock that is technically and fundamentally strong for swing trading in the upcoming days or weeks. The stock has been showing bullish signs from a technical perspective, and the company has a strong financial position with a healthy balance sheet. CVI's refining and nitrogen fertilizer businesses have been performing well, and the company is well-positioned to benefit from the growing demand for nitrogen fertilizers. With a current P/E ratio below the industry average, CVI is an undervalued stock with potential for growth. Investors who are looking for a potential swing trade opportunity in the energy sector may want to consider CVI.




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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