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 faced a major downtrend this week. Let’s take a look at some of the top news of the week. First, Stocks fell on Thursday in the final session of September and the third quarter, extending a week-long period of volatility as investors worried about inflation, the economy, and arguments in Washington over a variety of issues. The energy sector was by far the greatest performer in the S&P 500, thanks to a rise in crude oil prices. Financial equities performed well as well, with increasing Treasury yields providing a boost to bank earnings.  Concerns about fiscal and monetary policy, inflation, Chinese rules, and the ongoing pandemic all conspired to knock equities off their upward trend in September, with the index falling more than 4.5 percent for the first time since January. Despite this, the S&P 500 was still up over 15% year to date as of Thursday’s close.

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 this week’s recommendations. Please note that overall the market was very much on the downside, 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 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 of how we have been compared against the S&P 500 and other major indexes. 

 

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, $MEOH and $CVLG

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

Stock Symbol Company Name Action
BVH Bluegreen Vacations Holding Corp. Sell
MEOH Methanex Corp. Sell
CVLG Covenant Logistics Group Inc Sell
GDP Goodrich Petroleum Corp Buy
ARCB ArcBest Corp Buy
CAR Avis Budget Group Inc. Buy

 

GDP  (Goodrich Petroleum Corp): Goodrich Petroleum Corporation is a private oil and gas business based in the United States that specializes in the exploration, development, and production of oil and natural gas resources. Its main holdings are the Haynesville Shale Trend in northwest Louisiana and East Texas, the Tuscaloosa Marine Shale Trend in southwest Mississippi and southeast Louisiana, and the Eagle Ford Shale Trend in south Texas. The company has stakes in 189 producing oil and natural gas wells spread across 37 fields in six states.


ARCB (ArcBest Corp): ArcBest Corporation specializes in freight transportation and logistics integration. Asset-Based, ArcBest, and FleetNet are the three segments through which it works. Food, textiles, garments, furniture, appliances, chemicals, non bulk petroleum goods, rubber, plastics, metal and metal products, wood, glass, automotive components, machinery, and miscellaneous manufactured products are all transported by the Asset-Based category via less-than-truckload services. Through agreements with trucking companies, it also provides motor carrier freight transportation services to customers in Mexico. It also provides third-party transportation brokerage services, such as dry van over the road and intermodal, temperature-controlled and refrigerated, flatbed, intermodal, or container shipping, and specialized equipment; full-container and less-than-container load ocean transportation services; warehousing and distribution services; and managed transportation services.


CAR (Avis Budget Group Inc.): Avis Budget Group, Inc., along with its subsidiaries, offers businesses and consumers car and truck rentals, car sharing, and related services. It operates the Avis brand, a vehicle rental system that provides rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental business with a fleet of approximately 20,000 vehicles that are rented through a network of approximately 515 dealer-operated and 410 company-operated locations that serve the consumer and leisure segments of the travel industry; and the Budget Truck brand, a local and one-way truck rental business with a fleet of approximately 20,000 vehicles. Additionally, it provides additional liability, personal accident, personal effects protection, emergency sickness protection, and cargo insurance products, as well as fuel service alternatives, roadside assistance services, and electronic toll collecting services. Avis Budget Group, Inc. has over 10,600 sites across the world. Cendant Corporation was the previous name of the corporation, which changed to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. is based in Parsippany, New Jersey, and was founded in 1946.




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 $ASO $TLYS and $SMLP  in this category.

Stock Symbol Company Name Action
CAL Caleres Inc. Sell
JFIN Jiayin Group Inc Sell
ASO Academy Sports & Outdoors Inc Hold
TLYS Tilly's Inc Buy
SMLP Summit Midstream Partners LP Buy

ASO  (Academy Sports & Outdoors Inc): Academy Sports and Outdoors, Inc. operates as a sporting goods and outdoor recreational products retailer in the United States through its subsidiaries. The company is majorly involved in the selling of Coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery, and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; baseball, football, basketball, soccer, golf, racket sports, volleyball, and volleyball equipment; and baseball, football, basketball, soccer, golf, racket sports, volleyball. It had 259 Academy Sports + Outdoors retail stores in 16 states as of January 30, 2021, and three distribution centers in Katy, Texas, Twiggs County, Georgia, and Cookeville, Tennessee. Customers can also purchase products via the company’s website, academy.com. In 1938, Academy Sports and Outdoors, Inc. was established and it is based in Katy, Texas


TLYS (Tilly’s Inc): Tilly’s, Inc. is a specialty shop in the United States that sells casual clothes, footwear, accessories, and hard goods to young men and women, as well as boys and girls. Tops, outerwear, bottoms, and dresses are among the apparel items available, while accessories include backpacks, hydration bottles, caps, sunglasses, small electronics and accessories, handbags, watches, jewelry, and other items. Across its many product categories, the corporation also offers a third-party products range. It had 238 locations in 33 states as of March 11, 2021. Tillys.com, the company’s e-commerce website, also sells its products. The company was started in 1982 and is based in New York City.


SMLP (Summit Midstream Partners LP): Summit Midstream Partners, LP is focused on owning, developing, and operating midstream energy infrastructure assets in the continental United States, especially shale deposits. Natural gas gathering, compression, treatment, and processing, as well as crude oil and generated water gathering, are all services provided by the corporation. Ohio Collection, which owns and manages natural gas gathering and condensate stabilization facilities in the Utica Shale in southeastern Ohio, is another company owned by the company. It caters to producers of natural gas and crude oil. Summit Midstream GP, LLC serves as the company’s general partner. The company was established in 2009 and is based in Houston, Texas.




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 added $TECK $CRK $GDP $ECHO $CAR $AN $CPLG & removed $PCRFY, $BVH, $MEOH, $NTNX, & $ALEX from this list.

Stock Symbol Company Name Action
BVH Bluegreen Vacations Holding Corp. Sell
NTNX Nutanix Inc Sell
MEOH Methanex Corporation Sell
PCRFY Panasonic Corporation Sell
ALEX Alexander & Baldwin Inc Sell
CRK Comstock Resources Inc. Hold
GDP Goodrich Petroleum Corp Hold
TECK Teck Resources Ltd Buy
ECHO Echo Global Logistics, Inc. Buy
CAR Avis Budget Group Inc. Buy
AN AutoNation, Inc. Buy
CPLG CorePoint Lodging Inc Buy

 

CRK (Comstock Resources Inc).: Comstock Resources, Inc. is an independent energy firm that primarily works in Texas, Louisiana, and North Dakota to acquire, explore for, develop, and produce oil and natural gas. The company had proved reserves of 5.6 trillion cubic feet of natural gas equivalent and 17 million barrels of oil equivalent as of December 31, 2020. It also has a stake in 2,864 oil and gas wells that are currently producing. Comstock Resources, Inc. is based in Frisco, Texas, and was formed in 1983.


GDP  (Goodrich Petroleum Corp h): Goodrich Petroleum Corporation, an independent oil, and natural gas company engaged in the exploration, development, and production of oil and natural gas properties in the United States. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas. The company owns interests in 189 producing oil and natural gas wells located in 37 fields in six states of the United States. As of December 31, 2020, it had estimated proved reserves of approximately 543 billion cubic feet equivalent, which included 540 billion cubic feet of natural gas and 0.5 million barrels of crude oil or other liquid hydrocarbons of oil and condensate. The company was founded in 1995 and is based in Houston, Texas.


TECK (Teck Resources Ltd): Teck Resources Limited is a natural resource exploration, acquisition, development, and production company based in Asia, Europe, and North America. Steelmaking Coal, Copper, Zinc, and Energy are the company’s segments. Steelmaking coal, copper concentrates and refined copper cathodes, refined zinc and zinc concentrates, energy goods such as bitumen, and lead and molybdenum concentrates are among the company’s main products. It also makes chemicals, industrial items, and fertilizers, as well as gold, silver, germanium, indium, and cadmium. Teck Cominco Limited was the company’s previous name until April 2009, when it was renamed Teck Resources Limited. Teck Resources Limited was established in 1913 and is based in Vancouver, British Columbia, Canada.


ECHO (Echo Global Logistics, Inc).: In the United States, Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions. It compiles and analyses data from its multi-modal network of transportation providers for transportation and logistics needs using a proprietary technology platform. The company provides services in a variety of modalities, including truckload, less-than-truckload, small package, domestic air, expedited, and international transportation. It also offers a variety of transportation management and logistics services, including rate negotiation, transportation procurement, cargo execution and tracking, carrier management, selection, reporting, and compliance; and carrier management, selection, reporting, and compliance.


CAR (Avis Budget Group Inc.): Avis Budget Group, Inc., along with its subsidiaries, offers businesses and consumers car and truck rentals, car sharing, and related services. It operates the Avis brand, a vehicle rental system that provides rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental business with a fleet of approximately 20,000 vehicles that are rented through a network of approximately 515 dealer-operated and 410 company-operated locations that serve the consumer and leisure segments of the travel industry; and the Budget Truck brand, a local and one-way truck rental business with a fleet of approximately 20,000 vehicles. Additionally, it provides additional liability, personal accident, personal effects protection, emergency sickness protection, and cargo insurance products, as well as fuel service alternatives, roadside assistance services, and electronic toll collecting services. Avis Budget Group, Inc. has over 10,600 sites across the world. Cendant Corporation was the previous name of the corporation, which changed to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. is based in Parsippany, New Jersey, and was founded in 1946.


AN  (AutoNation, Inc).: AutoNation, Inc. operates as an automotive retailer in the United States through its subsidiaries. Domestic, Import, and Premium Luxury are the three segments in which the corporation operates. It provides a variety of automotive products and services, such as new and used vehicles, as well as components and services including automotive repair and maintenance, as well as wholesale parts and collision services. The company also offers automobile finance and insurance solutions that include car services and other protection packages, as well as third-party financing for vehicle purchases. It owned and operated 315 new vehicle franchises from 230 locations as of December 31, 2020.


CPLG (CorePoint Lodging Inc): CorePoint Lodging Inc., a real estate investment trust, owns select-service hotels in the United States, principally under the La Quinta brand. It had a network of 209 select-service hotels and roughly 27,800 rooms throughout 35 states in the United States as of December 31, 2020. The business has chosen to be taxed as a real estate investment trust (REIT). As a result, the portion of its net profits given to shareholders would not be liable to corporate income tax. CorePoint Lodging Inc. is based in Irving, Texas, and was founded in 2017.


 

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(MEOH, BVH, CAL, NTNX, PCRFY, CVLG, JFIN, ALEX) 
  • HOLD(CRK, ASO, GDP)
  • BUY(TECK, TLYS, ECHO, ARCB, CAR, AN, SMLP, CPLG)

Stock Symbol Company Name Action
MEOH Methanex Corporation Sell
BVH Bluegreen Vacations Holding Corp Sell
CAL Caleres Inc. Sell
NTNX Nutanix Inc Sell
PCRFY Panasonic Corporation Sell
CVLG Comstock Resources Inc. Sell
JFIN Jiayin Group Inc Sell
ALEX Alexander & Baldwin Inc Sell
CRK Comstock Resources Inc Hold
ASO Academy Sports & Outdoors Inc Hold
GDP Goodrich Petroleum Corp Hold
TECK Teck Resources Ltd Buy
TLYS Tilly's Inc Buy
ECHO Echo Global Logistics, Inc. Buy
ARCB ArcBest Corp Buy
CAR Avis Budget Group Inc. Buy
AN AutoNation, Inc. Buy
SMLP Summit Midstream Partners LP Buy
CPLG CorePoint Lodging 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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