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

The Stock Market was volatile but overall up this week. Let’s take a look at some of the top news of the week first. Teenagers were trusted to manage cryptocurrency investments by investors. They’re looking for answers now… In addition, Even as home prices have risen, several crucial indicators for mortgage equities have been trending in the wrong direction. However, investors should not close the door just yet… This week, with the economy on the mend, investors need to know how much debt corporations owe in the aftermath of the Covid-19 crisis—if only they could agree on how to quantify it.

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 breakthrough their 8 weeks high and even 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 $GMS, $SIG and $PTR

Please note that – compared to last week, we have  removed $BNTX.

GMS(GMS Inc.)- GMS, Inc. is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The Geographic Divisions segment comprises the Central, Midwest, Northeast, Southern, Southeast, Western, and Canada. The Other segment distributes tools through Tool Source Warehouse, Inc. The Corporate segment includes the corporate office building and support services provided to its subsidiaries. Its products include accessories, acoustical ceilings, drywall, fiberglass reinforced panels, insulation, joint treatment, steel studs, and tools. The company was founded by Richard K. Mueller and Richard A. Whitcomb in 1971 and is headquartered in Tucker, GA.

SIG(Signet Jewelers Ltd.)- Signet Jewelers Ltd. engages in the retail of diamond jewelry. It operates through the following business segments: North America, International, and Others. The North American segment operates jewelry stores in malls, mall-based kiosks, and off-mall locations throughout the U.S. and Canada. The International sells primarily in the UK and Ireland under the H. Samuel and Ernest Jones banners. The Other segment consists of activities related to purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.

PTR(PetroChina Co. Ltd.)- PetroChina Co. Ltd. engages in petroleum-related products, services, and activities. It operates through the following business segments: Exploration and Production; Refining and Chemicals; Marketing; Natural Gas and Pipeline; and Head Office and Other. The Exploration and Production segment involves exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment focuses on the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment includes marketing of refined products and the trading business. The Natural Gas and Pipeline segment comprises transmission of natural gas, crude oil, and refined products and the sale of natural gas.

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 $SWBI, $GMS, and $GEF  in this category.

SWBI(Smith & Wesson Brands Inc.)- Smith & Wesson Brands, Inc. is a holding company, which engages in the manufacture, design, and provision of firearms. It operates through the Firearms and Outdoor Products & Accessories segments. The Firearms segment comprises the manufacture of handguns, long guns, handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers. The Outdoor Products & Accessories segment engages in the distribution, manufacture, and design of reloading, gunsmithing, and gun cleaning supplies; stainless-steel cutting tools and accessories; flashlights; tree saws and related trimming accessories; shooting supplies, rests, and other related accessories; apparel; vault accessories; laser grips and laser sights; and a full range of products for survival and emergency preparedness. The company was founded by Michell A. Saltz on June 17, 1991, and is headquartered in Springfield, MA.

Don’t miss: Hot Stock Watchlist for Swing Trading Today – Expert Stock Picks of the Week by StockXpo

GMS(GMS Inc.)- GMS, Inc. is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The Geographic Divisions segment comprises the Central, Midwest, Northeast, Southern, Southeast, Western, and Canada. The Other segment distributes tools through Tool Source Warehouse, Inc. The Corporate segment includes the corporate office building and support services provided to its subsidiaries. Its products include accessories, acoustical ceilings, drywall, fiberglass reinforced panels, insulation, joint treatment, steel studs, and tools. The company was founded by Richard K. Mueller and Richard A. Whitcomb in 1971 and is headquartered in Tucker, GA.

GEF(Greif Inc.)- Greif, Inc. engages in the production of industrial packaging products and services. It operates through the following segments: Rigid Industrial Packaging and Services, Paper Packaging and Services, Flexible Products and Services, and Land Management. The Rigid Industrial Packaging and Services segment involves the production and sale of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles, and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics, and warehousing. The Paper Packaging and Services segment involves the production and sale of containerboard, corrugated sheets, corrugated containers, and other corrugated products to customers in North America. The Flexible Products and Services segment involves the production and sale of flexible intermediate bulk containers and related services on a global basis and the sale of industrial and consumer shipping sacks and multiwall bag products in North America. 

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 $USCR, $CMLS, $GCO, $TLYS & $CVA.  from this list and added $SC, $BRBR, $PTR, $ITRN, $SIG, $PANL, $VOLT  

SC(Santander Consumer USA Holdings Inc.)- Santander Consumer USA Holdings, Inc. engages in the provision of consumer financing services. It offers retail installment contracts, vehicle leases, dealer loans, financial products, and services related to motorcycles, motor cars, and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, TX.

BRBR(BellRing Brands Inc.)- Bellring Brands, Inc. operates as a nutrition business. Its products include protein shakes, powders, and nutrition bars. The company was founded on March 20, 2019, and is headquartered in Brentwood, MO. Based on BellRing Brands’ latest earnings release for the quarter ending December 31, the company reported quarterly revenue of $282 million and a net profit of $7.8 million. In comparison, last year the company earned revenue of $244 million and had a net profit of $6 million.

PTR(PetroChina Co. Ltd.)- PetroChina Co. Ltd. engages in petroleum-related products, services, and activities. It operates through the following business segments: Exploration and Production; Refining and Chemicals; Marketing; Natural Gas and Pipeline; and Head Office and Other. The Exploration and Production segment involves exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment focuses on the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment includes marketing of refined products and the trading business. The Natural Gas and Pipeline segment comprises transmission of natural gas, crude oil, and refined products and the sale of natural gas. The Head Office and Other segment relate to cash management and financing activities, the corporate center, research and development, and other business services supporting the operating business segments of the Group. The company was founded on November 5, 1999, and is headquartered in Beijing, China.

ITRN(Ituran Location & Control Ltd.)- Ituran Location & Control Ltd. engages in the provision of stolen vehicle recovery, fleet management, and tracking services. It operates through the following segments: Telematics Services and Telematics Products. The Telematics Services segment consists predominantly of regionally-based stolen vehicle recovery services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics Products segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. The company was founded by Yehuda Kahane and Izzy Sheratzky in February 1994 and is headquartered in Azour, Israel.

SIG(Signet Jewelers Ltd.)- Signet Jewelers Ltd. engages in the retail of diamond jewelry. It operates through the following business segments: North America, International, and Others. The North American segment operates jewelry stores in malls, mall-based kiosks, and off-mall locations throughout the U.S. and Canada. The International sells primarily in the UK and Ireland under the H. Samuel and Ernest Jones banners. The Other segment consists of activities related to purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.

PANL(Pangaea Logistics Solutions Ltd.)- Pangaea Logistics Solutions Ltd. engages in the provision of seaborne dry bulk logistics and transportation services to industrial customers worldwide. It operates through the following segments: Supramax, Ultramax, Panamax, and Handymax vessels. The company was founded by Edward Coll, Carl Claus Boggild, and Anthony Laura on April 29, 2014, and is headquartered in Newport, RI.

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 and 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 spending demographics and market-rate analysis; consolidated customer billing; and supplier payment management. The Corporate and Other segment includes general and administrative functions as well as a remote hire services business in India. The company was founded by Jerome Shaw and William Shaw in 1950 and is headquartered in Orange, CA.

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!!!!