Best Stocks to buy for Swing Trading for this week – Expert Stock Picks of the Week by StockXpo - Stockxpo - Grow more with Investors, Traders, Analyst and Research

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!!!! 

Stocks went up alongside U.S. equity futures on Friday, providing some relief for stocks from the inflation jitters that continue to plague Treasuries. The Asia-Pacific index of MSCI Inc. rose the most this week, boosted by Japan’s stock market and China’s technology stocks. The belief that the worst of Beijing’s regulatory crackdown has passed has calmed public opinion. Following the S&P 500’s two-day decline, U.S. and European contracts rose. In the aftermath of the inflation report and caution sparked by a US warning that Russia may be considering an invasion of Ukraine, the dollar rallied. Oil and gold prices fell, while Bitcoin remained stable.

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 & 4. Diversification, 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 upside, 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. 

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 $WIRE, $DFIN, and $ARCB

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

Stock Symbol Company Name Action
XLNX Xilinx Inc. Sell
WIRE Encore Wire Corp. Hold
ARCB ArcBest Corp Hold
DFIN Donnelley Financial Solutions Inc Buy

 

WIRE(Encore Wire Corp): Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm is a significant supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. It offers an electric building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2 and other types of wire products, including Metal Clad, Armored Cable, Photovoltaic Cable and Bare Copper. Its principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.


DFIN (Donnelley Financial Solutions Inc): Donnelley Financial Solutions, Inc. is a global provider of risk and compliance solutions. The company is divided into four segments: The CM-SS sector offers public and private companies Venue, ActiveDisclosure, eBrevia, and EDGAR Online solutions for managing public and private transaction processes, extracting data, and analysing contracts, collaborating, and tagging, validating, and filing SEC filings. For deal solutions and SEC compliance requirements, the CM-CCM division provides technology enabled services as well as print and distribution solutions to public and private enterprises. The IC-SS segment offers clients the proprietary Arc Portfolio platform, which includes a comprehensive suite of cloud-based compliance and regulatory information storage and management solutions and services. Through the SEC EDGAR system, the IC-CCM division provides clients with technology-enabled solutions for preparing and filing regulatory communications, investor communications, and XBRL-formatted filings pursuant to the Investment Act. Donnelley Financial Solutions, Inc. is based in Chicago, Illinois, and was formed in 1983.


ARCB(ArcBest Corp): ArcBest Corp. is a logistics company which provides end-to-end supply chain services with a focus on innovation. It operates through the following business segments: Asset-Based, ArcBest and FleetNet. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The ArcBest segment refers to the operations of the company’s expedite, truckload, and truckload-dedicated businesses as well as its premium logistics services; international freight transportation with air, ocean, and ground service offerings.




StockXpo’s – ValueGrowth Strategy

As you know, this is more like Buffett’s Value Strategy, but our stock-picking criterion is 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. So our picks are $JAPAY, $JAKK & $QDEL  in this category.

Stock Symbol Company Name Action
MX Magnachip Semiconductor Corp Sell
CYH Community Health Systems Inc Sell
CFBK CF Bankshares Inc Sell
JAPAY Japan Tobacco Inc. Buy
JAKK JAKKS Pacific, Inc. Buy
QDEL Quidel Corporation Buy

JAPAY(Japan Tobacco Inc.): Japan Tobacco Inc. is a tobacco firm that produces and distributes cigarettes, prescription medications, and processed foods in Japan and around the world. Domestic Tobacco, International Tobacco, Pharmaceuticals, and Processed Food are the company’s four segments. Under the Winston, Camel, MEVIUS, Seven Stars, and LD brands, it sells cigarettes, cigars, pipe tobacco, oral tobacco, waterpipe tobacco, kretek, and fine cut tobacco. It also conducts research and development, produces, and distributes prescription medications for metabolic, viral, and autoimmune/inflammatory illnesses. Japan Tobacco Inc. was established in 1898 and is based in Tokyo, Japan.


JAKK(JAKKS Pacific, Inc.) : JAKKS Pacific, Inc. creates, manufactures, and sells toys, consumables, electronics, and related goods all over the world. Toys/Consumer Products and Halloween are the two segments in which the company operates. It sells licenced characters, as well as action figures and accessories; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls; infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and waggons. Role play, dress-up, pretend play, and novelty products for boys and girls are also available, based on brands and entertainment assets. JAKKS Pacific, Inc. is based in Santa Monica, California, and was formed in 1995.


QDEL(Quidel Corporation): Quidel Corporation is a global diagnostic testing company that develops, manufactures, and markets diagnostic testing solutions for infectious diseases, cardiology, thyroid, women’s and general health, eye health, gastrointestinal diseases, and toxicology. Sofia and Sofia 2 fluorescent immunoassay systems, QuickVue lateral flow immunoassay products, and InflammaDry and AdenoPlus point-of-care solutions for infectious and inflammatory diseases and disorders of the eye are among the goods available. Biomarkers are also provided by the company, which include clinical and research products for the diagnosis of osteoporosis and the measurement of bone resorption/formation, as well as enzyme linked immunosorbent tests and reagents for the detection of degenerative diseases.




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 $HCCI, $INBK, $HAFC, $PERI, $AINC, $CPSS, $ARCB removed $ASPS, $SNDR $SUN $NPNYY $CVLG from this list 

Stock Symbol Company Name Action
ASPS Altisource Portfolio Solutions S.A. Sell
SNDR Schneider National Inc Sell
SUN Sunoco LP Sell
NPNYY Nippon Yusen KK Sell
CVLG Covenant Logistics Group Inc Sell
PERI Perion Network Ltd Common Stock Hold
HCCI Heritage-Crystal Clean, Inc Hold
INBK First Internet Bancorp Buy
HAFC Hanmi Financial Corporation Buy
AINC Ashford Inc. Buy
CPSS Consumer Portfolio Services, Inc. Buy
ARCB ArcBest Corporation Buy

 

INBK(First Internet Bancorp) – First Internet Bancorp is the holding company for First Internet Bank of Indiana, which offers commercial and retail banking services to people and businesses across the United States. Non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit, are all accepted by the company. The firm is involved in the purchase, management, service, and safeguarding of municipal securities, as well as providing government agencies with municipal finance loan and leasing solutions. The company’s services are available via its website, firstib.com. First Internet Bancorp was established in 1999 and is situated in Fishers, Indiana.


HAFC(Hanmi Financial Corporation) Hanmi Financial Corporation serves as the holding company for Hanmi Bank, a US-based provider of business banking products and services. Noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit are among the company’s deposit offerings. It also offers real estate loans, including commercial, construction, and residential property financing. It had 35 full-service branches and 9 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia as of February 16, 2021.


AINC -Ashford Inc.- Ashford, Inc is a firm that specialises in asset management. The company works in the real estate and hospitality industries, providing investment management and related services. Ashford, Inc is based in Dallas, Texas and was founded on April 2, 2014. As of November 5, 2019, Ashford Inc. (NYSEAM:AINC) operates separately of Ashford Hospitality Trust, Inc.


CPSS -Consumer Portfolio Services, Inc.- In the United States, Consumer Portfolio Services, Inc. is a specialty finance corporation. In the sale of new and used automobiles, light trucks, and passenger vans, it purchases and services retail automobile contracts started by franchised automobile dealers and select independent dealers. Through its vehicle contract purchases, the company provides indirect financing to customers of dealers who have poor credit histories or have had credit problems in the past. It provides dealers with an alternate source of financing, allowing them to sell to clients who would otherwise be unable to receive financing from commercial banks, credit unions, or captive finance firms.


HCCI(Heritage-Crystal Clean Inc): Heritage-Crystal Clean, Inc. engages in the provision of parts cleaning and waste management services to the manufacturing and vehicle service sectors. It operates through the Environmental Services, and Oil Business segments. The Environmental Services segment includes parts cleaning, containerized waste management, vacuum truck services, antifreeze recycling activities, and field services. The Oil Business segment comprises of used oil collection, recycled fuel oil sales, used oil re-refining activities, and used oil filter removal and disposal services. The company was founded by Joseph Chalhoub in 1999 and is headquartered in Elgin, IL.


ARCB(ArcBest Corp): ArcBest Corp. is a logistics company that provides end-to-end supply chain services with a focus on innovation. It operates through the following business segments: Asset-Based, ArcBest and FleetNet. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The ArcBest segment refers to the operations of the company’s expedited, truckload, and truckload-dedicated businesses as well as its premium logistics services; international freight transportation with air, ocean, and ground service offerings. The FleetNet segment covers the operations of FleetNet America, Inc., and certain other subsidiaries that provide roadside assistance and maintenance management services for commercial vehicles through a network of third-party service providers.


PERI(Perion Network Ltd Common Stock)– Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. It offers the following business solutions: Undertone, which connects brands to consumers using engaging creatives; Code Fuel, which enables developers to optimize search traffic and generate incremental revenue; MakeMeReach, an automated social management platform that help ad performance across Facebook, Twitter, Instagram, and Snapchat; and Smilebox, a desktop and mobile applications.


 

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: (MX, ASPS, SNDR, SUN, XLNX, CYH, CFBK, NPNYY, CVLG)
  • HOLD:(HCCI, ARCB, WIRE, PERI)
  • BUY: (INBK, HAFC, AINC, CPSS, QDEL, JAPAY, JAKK, DFIN)

Stock Symbol Company Name Action
MX Magnachip Semiconductor Corp Sell
ASPS Altisource Portfolio Solutions S.A. Sell
SNDR Schneider National Inc Sell
SUN Sunoco LP Sell
XLNX Xilinx Inc Sell
CYH Community Health Systems Inc Sell
CFBK CF Bankshares Inc Sell
NPNYY Nippon Yusen KK Sell
CVLG Covenant Logistics Group Inc Sell
HCCI Heritage-Crystal Clean, Inc Hold
ARCB ArcBest Corp Hold
WIRE Encore Wire Corporation Hold
PERI Perion Network Ltd. Hold
INBK First Internet Bancorp Buy
HAFC Hanmi Financial Corporation Buy
AINC Ashford Inc. Buy
CPSS Consumer Portfolio Services, Inc. Buy
QDEL Quidel Corporation Buy
JAPAY Japan Tobacco Inc. Buy
JAKK JAKKS Pacific, Inc. Buy
DFIN Donnelley Financial Solutions 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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