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

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The stock market was up this week. Let’s take a look at some of the top news of the week first. As a result of several other positive economic statistics, U.S. stocks climbed on Thursday. Stocks on Wall Street are heading to new highs as Dow Jones industrial average rises by 0.2% and S&P 500 rises by 0.3% Large technology firms, which hit a new record high on Wednesday, gaining 0.2 percent… In addition, Another round of Covid-19 disruptions is on the way as the Delta variant expands across the U.S., putting hospitals at risk once again. However, investors do not expect any disruptions in the medical device market. Recently, medical device stocks have soared in value. This year’s broad index returned 28 percent and is up roughly 45 percent from its pre-pandemic high. … Other than this First major Asian financial center to allow corporations to list with a blank check will be Singapore. Following a months-long consultation process, the Singapore Exchange published new guidelines for special-purpose acquisition businesses that wish to be listed on its mainboard.

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 break through 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 $BVH, $MATX & $NMM

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

Stock Symbol Company Name Action
REGN Regeneron Pharmaceuticals Inc. Sell
DIOD Diodes Inc. Sell
POWI Power Integrations Inc. Sell
BVH Bluegreen Vacations Holding Corp. Buy
MATX Matson Inc. Buy
NMM Navios Maritime Partners L.P. Buy

 

BVH(Bluegreen Vacations Holding Corp.)- Bluegreen Vacations Holding Corporation operates as a vacation ownership company. It markets and sells vacation ownership interests (VOI); and manages resorts in leisure and urban destinations, including Orlando, Las Vegas, Myrtle Beach, Charleston, and New Orleans, and others. The company also provides resort management, mortgage servicing, title services, reservation, and construction design and development services; and financing to qualified VOI purchasers, as well as management services to the vacation club and homeowners’ associations. Its resort network includes 45 club resorts and 23 club associate resorts. The company was founded in 1966 and is headquartered in Boca Raton, Florida.


MATX(Matson Inc.)- Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company’s Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise.


NMM(Navios Maritime Partners L.P.)- Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of dry cargo commodities, including iron ore, coal, grain, fertilizers, and containers, as well as charters its vessels under medium to long-term charters. As of March 24, 2021, it operated a fleet of 52 vessels. Olympos Maritime Ltd. serves as the general partner of Navios Maritime Partners L.P. The company was founded in 2007 and is based in Monaco.




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 $GDEN, $M, and $DSKE  in this category.

Stock Symbol Company Name Action
GDEN Golden Entertainment Inc. Hold
M Macy's Inc. Hold
DSKE Daseke Inc. Hold

 

GDEN(Golden Entertainment Inc.)- Golden Entertainment, Inc. engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casino’s segments. The Distributed Gaming segment involves the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons. The Casino segment focuses on owning and managing resort casinos. The company was founded in 1998 and is headquartered in Las Vegas, NV.


M(Macy’s Inc.)- Macy’s, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929, and is headquartered in New York, NY.


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.




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 $DIOD, $REGN, $ON & $GSKY from this list and added  $PPC, $BVH, $OPCH, $RYI, $ARCH, $CVLG, $III

Stock Symbol Company Name Action
DIOD Diodes Inc. Sell
REGN Regeneron Pharmaceuticals Inc. Sell
ON ON Semiconductor Corp. Sell
GSKY GreenSky Inc. Sell
PPC Pilgrim's Pride Corp. Hold
OPCH Option Care Health Inc. Hold
RYI Ryerson Holding Corp. Hold
BVH Bluegreen Vacations Holding Corp. Buy
ARCH Arch Resources Inc. Buy
CVLG Covenant Logistics Group Inc. Buy
III Information Services Group Inc. Buy

 

PPC(Pilgrim’s Pride Corp.)- Pilgrim’s Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, France, Puerto Rico, the Netherlands, rest of Europe, the Middle East, Asia, and internationally. The company offers fresh chicken and pork products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chickens; frozen whole chickens; breast and mini breast fillets; pork cuts; added value pork and pork ribs; and prepackaged case-ready chickens, such as whole chickens and chicken parts. It also provides prepared chicken products comprising portion-controlled breast fillets, tenderloins, and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts; and exported chicken and pork products primarily consist of whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets and primary pork cuts, hog heads, and trotters frozen for distribution to export markets. 


BVH(Bluegreen Vacations Holding Corp.)- Bluegreen Vacations Holding Corporation operates as a vacation ownership company. It markets and sells vacation ownership interests (VOI); and manages resorts in leisure and urban destinations, including Orlando, Las Vegas, Myrtle Beach, Charleston, and New Orleans, and others. The company also provides resort management, mortgage servicing, title services, reservation, and construction design and development services; and financing to qualified VOI purchasers, as well as management services to the vacation club and homeowners’ associations. Its resort network includes 45 club resorts and 23 club associate resorts. The company was founded in 1966 and is headquartered in Boca Raton, Florida.


OPCH(Option Care Health Inc.)- Option Care Health, Inc. offers home and alternate site infusion services in the United States. The company provides immunoglobulin infusion therapies for the treatment of immune deficiencies; anti-infective therapies and services; home infusion services to treat heart failures; and treatments for chronic inflammatory disorders, including Crohn’s disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders; and immunoglobulin infusion therapies. It also offers infusion therapies for bleeding disorders; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; and other infusion therapies to treat various conditions, including pain management, chemotherapy, and respiratory medications. 


RYI(Ryerson Holding Corp.)- Ryerson Holding Corp. engages in the processing and distribution of industrial metals. It processes and distributes products in stainless steel, aluminum carbon steel, and alloy steels, and a limited line of nickel and red metals in various shapes and forms. The firm serves end-markets including oil and gas, industrial equipment, transportation equipment, heavy equipment, and electrical machinery; and also offers value-added processing and fabrication services such as sawing, slitting, blanking, cutting to length, leveling, flame-cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to the radius. The company was founded on July 24, 2007, and is headquartered in Chicago, IL.


ARCH(Arch Resources Inc.)- Arch Resources, Inc. produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2020, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,253 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,437 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 403 acres of coal land in Montana; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.


CVLG(Covenant Logistics Group Inc. )- Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services to customers with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers’ freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. 


III(Information Services Group Inc.) – Information Services Group, Inc., together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management, and market intelligence and technology research and analysis services. It supports private and public sector organizations to transform and optimize their operational environments. The company also provides ISG Digital, a client solution platform that helps clients developing technology, transformation, sourcing, and digital solutions; and ISG Enterprise, a client solution platform that helps clients manage change and optimize operations in areas comprising finance, human resource, and Procure2Pay.


 

StockXpo’s Diversification Strategy

Companies often think about 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 stockxpo diversification Strategy- 

  • SELL(REGN, DIOD, POWI, ON, GSKY)
  • HOLD(GDEN, M, DSKE, PPC, OPCH, RYI)
  • BUY( BVH, MATX, NMM, ARCH, CVLG, III)

Stock Symbol Company Name Action
REGN Regeneron Pharmaceuticals Inc. Sell
DIOD Diodes Inc. Sell
POWI Power Integrations Inc. Sell
ON ON Semiconductor Corp. Sell
GSKY GreenSky Inc Sell
GDEN Golden Entertainment Inc. Hold
M Macy's Inc. Hold
DSKE Daseke Inc. Hold
PPC Pilgrim's Pride Corp. Hold
OPCH Option Care Health Inc. Hold
RYI Ryerson Holding Corp. Hold
BVH Bluegreen Vacations Holding Corp. Buy
MATX Matson Inc. Buy
NMM Navios Maritime Partners L.P. Buy
ARCH Arch Resources Inc. Buy
CVLG Covenant Logistics Group Inc. Buy
III Information Services Group 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.

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Happy Trading!!!!

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