Hello to all our readers including Traders, Investors, Analysts and others!!!!
This week the Stock market was up.Let’s take a look at some of the top news of the week first.The S&P 500 finished Thursday at a new high, fuelled by a rally in large technology stocks.Stocks are off to a good start in the second quarter, with the large stock market index up 3.1 percent and As the videogame retailer continues its turnaround, GameStop Corp. has named Ryan Cohen, co-founder of Chewy Inc., as its chairman.The state of Florida, a major cruise departure of USA, has sued the US Department of Health and Human Services to compel the resumption of cruise sailings that have been halted for more than a year due to the coronavirus pandemic.
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 choose the best stock market investment which is 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 week high and even 52 week high, so with their strong fundamental track record, there is a good potential for these stocks to go even higher.
|Stock Symbol||Company Name||Action|
|CCS||Century Communities Inc||Sell|
|USAK||USA Truck, Inc.||Hold|
CONN(Conn’s Inc)-Conn’s, Inc. is a holding company, which engages in the retail and provision of consumer goods and related services. It also offers proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. The firm operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market; and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories. The Credit segment provides in-house consumer credit programs that offer standardized credit decisions, including down payment, limit amounts, and credit terms. The company was founded by Edward Eastham in 1890 and is headquartered in The Woodlands, TX.
COHR(Coherent, Inc.)- Coherent, Inc. engages in the design, manufacture, and service of lasers and related accessories. It operates through the following business segments: OEM Laser Sources (OLS), and Industrial Lasers and Systems (ILS). The OLS segment focuses on laser sources and complex optical subsystems, typically used in microelectronics manufacturing, medical diagnostics, and therapeutic medical applications. The ILS segment covers laser sources, sub-systems, and tools primarily used for industrial laser materials processing. The company was founded by Eugene Watson on May 26, 1966 and is headquartered in Santa Clara, CA.
USAK(USA Truck, Inc.)- USA Truck, Inc. engages in the provision of transportation of general commodities. It operates through the Trucking, and USAT Logistics segments. The Trucking segment includes one-way truckload, and dedicated freight motor carrier services. The USAT Logistics segment offers freight brokerage, logistics, and rail intermodal services. The company was founded in 1983 and is headquartered in Van Buren, AR.USA Truck may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
StockXpo’s – ValueGrowth Strategy
As you know, this is more like Buffett’s Value Strategy, but our stock picking criteria is to pick the top 3 out of such value stocks. Moreover, we are more likely to hold them for short term not 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. Our Stock Picks for this week are $TCFC, $JEF and $MVBF. We have finally removed $SWBI. Regardless of fall of the stock market due to COVID-19 fears, we have still booked some profit before they are wiped out from these stocks.
|Stock Symbol||Company Name||Action|
|SWBI||Smith & Wesson Brands Inc||Sell|
|JEF||Jefferies Financial Group Inc||Hold|
|MVBF||MVB Financial Corp||Hold|
|TCFC||The Community Financial Corp||Buy|
TCFC(The Community Financial Corp)- The Community Financial Corp. (Maryland) is a bank holding company, which engages in the provision of financial services to individuals and businesses. It offers loans and investments. Through its subsidiary, it provides demand, savings and time deposits and commercial and residential mortgage, construction and land development, home equity and second mortgages, and commercial equipment loans. The company was founded in 1989 and is headquartered in Waldorf, MD.
JEF(Jefferies Financial Group Inc)- Jefferies Financial Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group. The Merchant Banking segment includes various merchant banking businesses and investments, primarily including Linkem, Vitesse Energy Finance and JETX Energy, real estate, Idaho Timber, and FXCM. The Corporate segment pertains to cash and cash equivalents, financial instruments owned, and deferred tax asset of the firm. The company was founded in 1968 and is headquartered in New York, NY.
MVBF(MVB Financial Corp)- MVB Financial Corp. is a holding company, which through its subsidiary, engages in the provision of community and mortgage banking services. It also offers commercial and consumer loans, offering an array of loan products for commercial development and real estate, capital needs, as well as personal loans, residential real estate loans, home equity lines of credit, and construction mortgages. The company was founded in 1997 and is headquartered in Fairmont, WV.
StockXpo’s TechFund Strategy
This is the most active category and we give a lot of preference here to stocks which have strong technical and strong fundamental current and past track records. That’s why we call it TechFund (TAFA) strategy. Just like other strategies, we pick these companies here for weekly based swing trade recommendations.
|Stock Symbol||Company Name||Action|
|ZEUS||Olympic Steel, Inc.||Sell|
|UEPS||Net 1 UEPS Technologies Inc||Hold|
|GRBK||Green Brick Partners Inc||Hold|
|USAK||USA Truck, Inc.||Hold|
|VOLT||Volt Information Sciences, Inc.||Hold|
|REVG||Rev Group Inc||Hold|
|AMAT||Applied Materials, Inc.||Hold|
|FOR||Forestar Group Inc.||Buy|
UEPS(Net 1 UEPS Technologies Inc)- Net 1 UEPS Technologies, Inc. engages in the provision of financial technology, products and services to unbanked and underbanked individuals and small businesses in South Africa and other emerging economies. It operates through the following segments: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies. The South African Transaction Processing segment consists of a welfare benefit distribution service provided to the South African government and transaction processing for retailers, utilities, medical-related claim service customers, and banks. The International Transaction Processing segment offers payment processing services and to a lesser extent from the sale of goods, primarily point of sale terminals, to customers in Korea.
GRBK(Green Brick Partners Inc)- Green Brick Partners, Inc. engages in residential land development and homebuilding. It operates through the Builder Operations and Land Development segments. The Builder Operations segment consists of the Builder operations Southeast and Builder operations Central segments. It offers customization options and builds energy-efficient homes located in the metropolitan areas of Dallas, Texas, and Atlanta, Georgia. The Land Development segment sells finished lots or option lots from third-party developers to their controlled builders for homebuilding operations and provides them with construction financing and strategic planning. The company was founded by James R. Brickman on April 11, 2006 and is headquartered in Plano, TX.
FOR(Forestar Group Inc.)- Forestar Group, Inc. is a residential and mixed-use real estate development company. The company was founded in December 2007 and is headquartered in Austin, TX.This residential lot development company focuses on investments in land acquisition and development.The major portion of the company’s real estate projects are single-family residential communities. Higher mobility rates among younger generations and demographic shifts (aging of U.S. baby boomers) have resulted in low supply of single-family homes, thereby providing development opportunities to Forestar Group. Further, low mortgage rates have also increased home and residential lot sales for the company.
REVG(Rev Group Inc)- REV Group, Inc. is a holding company. The firm engages in the manufacture, distribution, and design of specialty vehicles and related aftermarket parts and services. It operates through the following segments: Fire and Emergency; Commercial; and Recreation. The Fire and Emergency segment offers fire apparatus, and ambulance products. The Commercial segment involves transit and shuttle buses, type A school buses, mobility vans, sweepers, and terminal trucks. The Recreation segment covers motorized recreational vehicle and application trailers. The company was founded in August 2010 and is headquartered in Brookfield, WI.
USAK(USA Truck, Inc.)- USA Truck, Inc. engages in the provision of transportation of general commodities. It operates through the Trucking, and USAT Logistics segments. The Trucking segment includes one-way truckload, and dedicated freight motor carrier services. The USAT Logistics segment offers freight brokerage, logistics, and rail intermodal services. The company was founded in 1983 and is headquartered in Van Buren, AR.
VOLT(Volt Information Sciences, Inc.)- Volt Information Sciences, Inc. engages in the provision of staffing services. It operates through the following segments: North American Staffing, International Staffing, North American MSP, and Corporate and Other. The North American and International Staffing segments provide workforce management expertise such as staffing, direct placement, staffing management, and other employment services. The North American MSP segment consists of managing the procurement and on-boarding of contingent workers; managing suppliers and providing sourcing and recruiting support; statement of work management; supplier performance measurement; optimization and analysis; benchmarking of spend demographics and market rate analysis; consolidated customer billing; and supplier payment management.
AMAT(Applied Materials, Inc.)- Applied Materials, Inc. engages in the provision of materials engineering solutions used to produce new chips and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging. The Applied Global Services segment provides solutions to optimize equipment, performance, and productivity. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes; coating systems and display technologies for television; personal computers, tablets, smart phones, and consumer-oriented devices.
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 query and information.