Best Stocks to buy for Swing Trading for this week – Expert Stock Picks of the Week by StockXpo

The Stock Market was up this week.. Let’s take a look at some of the top news of the week first. Stocks in the United States stayed higher on Thursday, adding to their gains from the previous two days. By Thursday 4 PM, the Dow Jones Industrial Average rose 0.1 percent. The S&P 500 gained 0.2 percent, while the Nasdaq Composite gained 0.4 percent… In addition, the coronavirus Delta strain is unlikely to disrupt the US economy. That doesn't rule out the possibility of it causing damage to some areas. For a time, America appeared to be making significant success against the Covid-19 pandemic. Other than this Inflation is causing CEOs of household-staples businesses like Unilever UL -0.19 percent as much grief as it is causing shoppers. Where and what they sell determines their capacity to pass on price rises.

If you are a regular reader, you may be already aware, we recommend 10-12 stocks in 3 different categories – 1. SkyRocket, 2. ValueGrowth and 3. TechFund, to fit different trading styles and strategies. You can find more details about these strategies in our FAQ section. This is more of a swing trading, as we keep balancing our portfolio on a weekly basis, mostly on Friday. If you are new, welcome. Visit our site to get all relevant information about stocks and make sure to subscribe to our newsletter to get updates on our Swing Trading Stock Picks. We send out our newsletter as soon as we publish our stock picks. We hope that you love our articles and get all the details so keep coming to our site for more information. Swing traders primarily use technical analysis for swing trading, but here we combine technical analysis with fundamental analysis and pick ideal stocks which are best and safe for swing trading. We have tested out our strategy with more than 20 years of data and it performed well against S&P 500.

Here we are again with our this week’s recommendations. Please note that overall the market was very much on the down side, and whether you are following our recommendations or not, I am sure if you have been trading this week ending today then you must have collected a lot of profits. If not, and you are skeptical about the market, add the swing trading to your trading strategy and get started to follow our recommendations. We are going to publish the performance results for the last few months and this year to date, to give you some ideas how we have been compared against the S&P 500 and other major indexes. 

Now let's look at our picks for this week.

 

StockXpo's SkyRocket Strategy

If you’re following us, you might already be aware that in this strategy we try to find the stocks which have a strong fundamental track record and have strong buy or buy ratings from top analyst firms. Moreover, these stocks breakthrough their 8 weeks high and even the 52 weeks high, so with their strong fundamental track record, there is a good potential for these stocks to go even higher.

For this week, here are our picks $AN

Please note that – compared to last week, we have removed $ARCH and $SGH.

Stock Symbol Company Name Action
ARCH Arch Resources Inc. Sell
SGH SMART Global Holdings Inc. Sell
AN AutoNation Inc. Buy

 

AN(AutoNation Inc.)- AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Chrysler. The Import segment includes retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, and Lexus. The Corporate & Other segment involves collision centers, auction operations, and stand-alone used vehicle sales and service centers. The company was founded by Steven Richard Berrard and Harry Wayne Huizenga Sr. in 1991 and is headquartered in Fort Lauderdale, FL.




StockXpo's – ValueGrowth Strategy

As you know, this is more like Buffett's Value Strategy, but our stock-picking criteria are 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. You may be surprised here but we are not changing our stock picks yet. These stocks still have a lot of potentials and so we are still holding on to them this week. So our picks are $AN, $EQNR, and $PAM  in this category

Stock Symbol Company Name Action
SWBI Smith & Wesson Brands Inc. Sell
SGH SMART Global Holdings Inc. Sell
PAM Pampa Energia S.A. Hold
AN AutoNation Inc. Buy
EQNR Equinor ASA Buy

 

AN(AutoNation Inc.)- AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Chrysler. The Import segment includes retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, and Lexus. The Corporate & Other segment involves collision centers, auction operations, and stand-alone used vehicle sales and service centers. The company was founded by Steven Richard Berrard and Harry Wayne Huizenga Sr. in 1991 and is headquartered in Fort Lauderdale, FL.


EQNR(Equinor ASA)- Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other. The Exploration and Production Norway segment include the commercial development of oil and gas portfolios on the Norwegian continental shelf. The Exploration and Production International segment cover offshore and onshore activities in the USA, Mexico, and other operations worldwide. The Exploration and Production USA segment covers both onshore and offshore exploration, development, and Production of oil and gas in the USA. The Marketing, Midstream, and Processing segment markets and trades of oil and gas commodities. The Other segment includes new energy solutions; global strategy and business development; technology; projects and drilling; and corporate staff and services. The company was founded on September 18, 1972, and is headquartered in Stavanger, Norway.


PAM(Pampa Energia S.A.)- Pampa Energía SA engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Electricity Generation, Distribution of Energy, Oil and Gas, Petrochemicals, and Holding and Others. The Electricity Generation segment includes electricity generation activities through the operation of hydro and thermal power plants as well as wind farms. The Distribution of Energy segment consists of direct interest in Empresa Distribuidora y Comercializadora Norte SA. The Oil and Gas segment develops upstream, midstream, and downstream activities that produce barrels of oil. The Petrochemicals segment comprises styrenics operations and catalytic reformer plant operations conducted in Argentine plants. The Holding and Others segment covers financial investment transactions, holding activities, concession over the high voltage electricity transmission, and over gas transportation. The company was founded on February 21, 1945, and is headquartered in Buenos Aires, Argentina.




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. 

Please note that we have removed  $PCB,$SC, $JHG, $ARCH, $BBU, $VOLT  and $PERI. from this list and added $KBH, $SGH, $APO, $SAR, $HALL$AZZ & $JBGS.

Stock Symbol Company Name Action
PCB PCB Bancorp Sell
SC Santander Consumer USA Holdings Inc. Sell
JHG Janus Henderson Group PLC Sell
ARCH Arch Resources Inc. Sell
BBU Brookfield Business Partners Sell
VOLT Volt Information Sciences Inc. Sell
PERI Perion Network Ltd. Sell
KBH KB Home Buy
SGH SMART Global Holdings Inc. Buy
APO Apollo Global Management Inc. Buy
SAR Saratoga Investment Corp. Buy
HALL Hallmark Financial Services Inc. Buy
AZZ AZZ Inc. Buy
JBGS JBG SMITH Properties Buy

 

KBH(KB Home)- KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offers homes in development communities, at urban in-fill locations, and as part of mixed-use projects. The company was founded in 1957 and is headquartered in Los Angeles, CA.


SGH(SMART Global Holdings Inc.)- SMART Global Holdings, Inc. designs and manufactures electronic products focused on memory and computing technology areas. The company specializes in application-specific product development and support for customers in the enterprise, government, and original equipment manufacturer, or OEM, markets. It operates through the following segments: Specialty Memory Products, Brazil Products, and Specialty Compute and Storage Solutions (SCSS). The Specialty Memory Products segment focuses on the design and manufacture of application-specific products, technical support, and value-added testing services that differ from the core focus of standard memory module providers. The Brazil Products segment manufactures DRAM modules for desktops, notebooks, and servers. The SCSS segment offers specialty compute and storage system solutions to customers in a broad set of verticals including financial services, energy, government, social media, and education end markets. The company was founded in 188 and is headquartered in Newark, CA.


APO(Apollo Global Management Inc.)-  Apollo Global Management, Inc. engages in the provision of alternative investment management services. It operates through the following segments: Credit, Private Equity, and Real Assets. The Credit segment focuses on the investment in non-control corporate and structured debt instruments including performing, stressed, and distressed instruments across the capital structure. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY.


SAR(Saratoga Investment Corp.)- Saratoga Investment Corp. (NYSE: SAR) is a publicly traded business development company (BDC) that provides customized financing solutions for middle-market companies located in the United States. Saratoga’s senior investment professionals have over 200 years of combined experience investing in more than $4 billion in middle-market businesses.


HALL(Hallmark Financial Services Inc.)- Hallmark Financial Services, Inc. is a holding company, which engages in the provision of insurance products. It operates through the following segments: Specialty Commercial, Standard Commercial, and Personal. The Specialty Commercial segment includes the commercial auto; excess and surplus (E&S) casualty; E&S property; professional liability; and aerospace and programs business units. The Standard commercial segment consists of the package and monoline property/casualty and occupational accident insurance products and services, as well as the runoff of workers’ compensation insurance products. The Personal segment deals with non-standard personal automobile and renters insurance products and services. The company was founded in 1987 and is headquartered in Dallas, TX.


AZZ(AZZ Inc.)- AZZ Inc. provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy and Metal Coatings. The Energy segment provides specialized products and services designed to support industrial, nuclear, and electrical applications. It offers custom switchgear, electrical enclosures, medium, and high voltage bus ducts, explosion-proof and hazardous duty lighting, nuclear safety-related equipment, and tubular products to multi-national companies and small independent companies. This segment sells its products through manufacturers' representatives, distributors, agents, and internal sales force. The Metal Coatings segment offers hot-dip galvanizing and other metal coating applications to the steel fabrication industry. 


JBGS(JBG SMITH Properties)- JBG SMITH Properties is a real estate investment trust. The firm engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Commercial, Multifamily, and Other. The company was founded on October 27, 2016, and is headquartered in Bethesda, MD.


I hope all this information is helping you to buy good stocks for your welfare. See you next Friday. Keep coming to our website for stock-related queries and information.

If you haven’t done so already, please subscribe to our newsletter so you can get the updates delivered to your mailbox. 

Happy Trading!!!!

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