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 was up this week. Let’s take a look at some of the top news of the week first. Stock futures in the United States fell ahead of the release of the monthly jobs report, which is expected to show a fall in the unemployment rate… In addition, Readers bombarded us with questions about “529" college-savings plans, including how to withdraw funds for college, the impact on financial assistance, and more.. Other than this Kuaishou Technology, the owner of a prominent Chinese short-video platform that competes with ByteDance Ltd., had its stock drop 15% on Thursday after the business removed a U.S. app and a state-run media source criticised the industry it works in.

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 $ON , $POWI, $SIMO

Please note that – compared to last week, we have added some more stocks.

Stock Symbol Company Name Action
AN AutoNation Inc. Sell
MT ArcelorMittal ADR Sell
ON ON Semiconductor Corp. Buy
POWI Power Integrations Inc. Buy
SIMO Silicon Motion Technology Corp. Buy

 

ON(ON Semiconductor Corp.)- ON Semiconductor Corp. engages in the design, manufacture, and marketing of a portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi, and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical, and aerospace/defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single-photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.


POWI(Power Integrations Inc.)- Power Integrations, Inc. engages in the design, development, and marketing of analog and mixed-signal integrated circuits and other electronic components and circuitry used in high voltage power conversion. Its products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. The company was founded by Steven J. Sharp on March 25, 1988, and is headquartered in San Jose, CA.


SIMO(Silicon Motion Technology Corp.)- Silicon Motion Technology Corp. engages in the development, manufacture, and supply of semiconductor products for the electronics market. The firm’s products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits, and embedded graphics. The company was founded in November 1995 and is headquartered in Hong Kong.




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 $VSTO, $DSKE, and $GSKY  in this category

Stock Symbol Company Name Action
X United States Steel Corp. Sell
OVV Ovintiv Inc. Sell
BYD Boyd Gaming Corp. Sell
VSTO Vista Outdoor Inc. Buy
DSKE Daseke Inc. Buy
GSKY GreenSky Inc. Buy

 

VSTO(Vista Outdoor Inc.)- Vista Outdoor, Inc. engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports product lines include centerfire ammunition, rimfire ammunition, shotshell ammunition, reloading components, and firearms. The Outdoor Products product lines include action sports, archery and hunting accessories, camping, global eyewear, and sport protection products. The company was founded in 2014 and is headquartered in Anoka, MN.


DSKE(Daseke Inc.) Daseke, Inc. engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers. The Specialized Solutions segment focuses on transportation and logistics solutions that include super heavy haul, high-value customized, over-dimensional, commercial glass, and high-security cargo solutions. The company was founded by Don R. Daseke in November 2008 and is headquartered in Addison, TX.


GSKY(GreenSky Inc.)- GreenSky, Inc. is a technology company. It operates as a lending platform that enables retailers, healthcare providers, and home contractors to offer loans to their customers. The company was founded by David Zalik in 2006 and is headquartered in Atlanta, GA.




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 $USFD, $SAR  & $GPRK from this list and added $KNBWY, $SGH, $HALL, $JAKK, $LSTR, $AN & $TESS

Stock Symbol Company Name Action
SAR Saratoga Investment Corp. Sell
USFD US Foods Holding Corp. Sell
GPRK GeoPark Ltd. Sell
SGH SMART Global Holdings Inc. Hold
JAKK JAKKS Pacific Inc. Hold
HALL Hallmark Financial Services Inc. Hold
TESS Tessco Technologies Inc. Hold
KNBWY Kirin Holdings Co. Ltd. Buy
LSTR Landstar System Inc. Buy
AN AutoNation Inc. Buy

 

KNBWY(Kirin Holdings Co. Ltd.)- Kirin Holdings Co., Ltd. engages in the manufacture and sale of beverages and pharmaceutical products. It operates through the following segments: Japan Beer and Spirits, Japan Non-Alcoholic Beverages, Oceania Integrated Beverages, Pharmaceuticals, and Other. The Japan Beer and Spirits segment manufactures and sells beer, sparkling wine, Western liquor, and other alcoholic beverages through its subsidiary. The Japan Non-Alcoholic Beverages segment handles the manufacture and sale of soft drinks in Japan through its subsidiary. The Oceania Integrated Beverages segment provides beer, Western liquor, dairy products, and fruit juice drinks in the Oceania region through its subsidiary. The Pharmaceuticals segment deals with prescription drugs through its subsidiary. The Other segment includes domestic wine, Myanmar liquor, North American beverage, and biochemical businesses. The company was founded on February 23, 1907 and is headquartered in Tokyo, Japan.


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 1988 and is headquartered in Newark, CA.


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.


JAKK(JAKKS Pacific Inc.)- JAKKS Pacific, Inc. engages in the design, development, and sale of toys, consumables, electronics, kid’s indoor and outdoor furniture, and other consumer products. It operates through the following business segments: the United States and Canada, International, and Halloween. The United States and Canada segment includes action figures, vehicles, playsets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, role play and everyday costume play, foot to floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids’ indoor and outdoor furniture, and pet treats, and related products, primarily within the United States and Canada. The International segment is responsible for the marketing and sale of toy products in markets outside of the United States and Canada, primarily in the European, Asia Pacific, and Latin and South American regions. The Halloween segment is the marketing and sale of Halloween costumes and accessories and everyday costume play products, primarily in the United States and Canada. The company was founded by Stephen G. Berman and Jack Friedman in January 1995 and is headquartered in Santa Monica, CA.


LSTR(Landstar System Inc.)- Landstar System, Inc. engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage. The Insurance segment includes risk and claims management services. The company was founded in January 1991 and is headquartered in Jacksonville, FL.


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.


TESS(Tessco Technologies Inc.)- TESSCO Technologies, Inc. is a technology distributor, manufacturer, and solutions provider serving commercial and retail customers in the wireless infrastructure, and mobile device accessories markets. It operates through Commercial and Retail business segments. The Commercial segment consists of public carriers, government, private system operators, and value-added resellers. The Retail segment is comprised of the market which includes retailers, independent dealer agents, and carriers. The company was founded by Robert B. Barnhill Jr. in 1982 and is headquartered in Hunt Valley, MD.


 

StockXpo’s Diversification 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.

If you are following all strategies and watchlist – here is the recommendation for stockxpo diversification Strategy- SELL(MT, X, OVV, BYD, SAR, USFD, GPRK)

BUY/HOLD(AN, SGH, HALL, JAKK, TESS, ON, POWI, SIMO, VSTO, DSKE, GSKY, KNBWY, LSTR)

Stock Symbol Company Name Action
MT ArcelorMittal ADR Sell
X United States Steel Corp. Sell
OVV Ovintiv Inc. Sell
BYD Boyd Gaming Corp. Sell
SAR Saratoga Investment Corp. Sell
USFD US Foods Holding Corp. Sell
GPRK GeoPark Ltd. Sell
AN AutoNation Inc. Hold
SGH SMART Global Holdings Inc. Hold
HALL Hallmark Financial Services Inc. Hold
JAKK JAKKS Pacific Inc. Hold
TESS Tessco Technologies Inc. Hold
ON ON Semiconductor Corp. Buy
POWI Power Integrations Inc. Buy
SIMO Silicon Motion Technology Corp. Buy
VSTO Vista Outdoor Inc. Buy
DSKE Daseke Inc. Buy
GSKY GreenSky Inc. Buy
KNBWY Kirin Holdings Co. Ltd. Buy
LSTR Landstar System Inc. Buy

 

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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