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!!!! 

As signals of a strong rebound in the world's largest economy countered concerns about inflation and a speedier reduction of Federal Reserve assistance, global stocks and U.S. index futures rose. This week's selloff in tech and growth sectors has coincided with rising interest rates, with the Nasdaq dropping 0.5 percent on Tuesday after a more than 1% drop on Monday. The S&P 500 and Nasdaq both rose on Wednesday, as technology companies regained some of their recent losses as investors digested a slew of economic data ahead of the holiday trading season. Trading volumes fell around the world as dealers in the United States took time off for the Thanksgiving holiday. The 10-year Treasury yield increased to almost 1.7 percent as more signals of a strengthening economic recovery and stubbornly high inflation statistics emerged.

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 $ON

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

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.

ON (ON Semiconductor Corporation): ON Semiconductor Corporation and its subsidiaries make and sell semiconductor components for a variety of electronic products all over the world. Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group are the company's three segments (ISG). PSG provides analog, discrete, module, and integrated semiconductor devices for a variety of applications, including power switching, power conversion, and so on. Analog, mixed-signal, logic, ASSPs and ASICs, Wi-Fi, and power solutions are all part of the ASG category. Image sensors, proximity sensors, image signal processors, and other complementing metal oxide semiconductors are available in the ISG category. ON Semiconductor Corporation is based in Phoenix, Arizona, and was founded in 1992.

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 $JAKK, $QDEL & $GHLD  in this category.

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.

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

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.

GHLD  (Guild Holdings Company): In the United States, Guild Holdings Firm is a mortgage company that originates, sells, and services residential mortgage loans. The company has licenses in 48 states and runs around 200 branches. Residential mortgages are originated through retail and correspondent channels. The company is situated in San Diego, California, and was formed in 1960. McCarthy Capital Mortgage Investors, LLC owns Guild Holdings Company, which is a subsidiary of McCarthy Capital Mortgage Investors, LLC.

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 $LEVL, $SRTS, $VRTV, $EXTR, $FRG, $USIO, $HSON removed $INBK, $STRL, $CPSS, $ARAY, $WIRE, $DFIN from this list 

LEVL ( Level One Bancorp, Inc.): Level One Bancorp, Inc. is a bank holding company for Level One Bank, a Michigan-based financial services provider for businesses and consumers. Checking, interest-bearing demand, money market, savings, and term certificate accounts are among the company's deposit options. Commercial real estate loans, including construction and land development loans, are among the products and services offered by the organization. It also provides cash management, treasury management, mobile and online banking, debit cards, and automated teller machines, among other services. It had sixteen banking centers in southeast Michigan and west Michigan as of January 29, 2021. The business was founded in 2006 and is based in Farmington Hills, Michigan.

SRTS – Sensus Healthcare, Inc.: Sensus Healthcare, Inc. is a global manufacturer, distributor, and marketer of superficial radiation therapy equipment. It sells disposable lead shielding replacements, as well as disposable radiation safety items like aprons, eye shields, and disposable applicator tips, which are used to treat various sized lesions and various areas of the body. Sensus Healthcare, Inc. is based in Boca Raton, Florida, and was founded in 2010.

VRTV -Veritiv Corporation: In the United States, Canada, Mexico, and globally, Veritiv Corporation is a business-to-business distributor of value-added packaging products and services, as well as facility solutions, print, and publishing products and services. Custom and standard packaging solutions are provided by the Packaging section. Cleaning, breakroom, and other supplies are sourced and sold by the Facility Solutions section. Commercial printing, writing, copying, digital, and specialty products, as well as graphics consumables and equipment, are sold and distributed by the Print segment. The firm also provides logistics services. The Company had around 125 distribution centers as of December 31, 2020. Veritiv Corporation is based in Atlanta, Georgia, and was founded in 2013.

EXTR -Extreme Networks, Inc.: Extreme Networks, Inc. is a global provider of software-driven networking solutions. It creates software for network management, policy, analytics, security, and access controls, as well as designing, developing, and manufacturing wired and wireless network infrastructure equipment. ExtremeCloud IQ is a machine learning and artificial intelligence (ML/AI) based cloud network management solution that provides advanced visibility and control over users, devices, and applications over wired and wireless networks. In addition, the company provides service providers with cloud-native platforms and apps, as well as client support and services. It markets and sells its goods to healthcare, education, government, manufacturing, retail, and hospitality markets through distributors, resellers, and field sales groups. Extreme Networks, Inc. is based in Morrisville, North Carolina, and was founded in 1996.

FRG -Franchise Group, Inc.: Franchise Group, Inc. is a franchised and franchisable business retailer, franchisor operator, and acquirer. Liberty Tax, Buddy's, Sears Outlet, and Vitamin Shoppe are the company's four segments. In addition to tax preparation services in the United States and Canada, the company franchises and runs rent-to-own stores where clients can lease durable products such as electronics, residential furniture, appliances, and household accessories. The business also owns and operates pet specialty stores. Liberty Tax, Inc. was the company's previous name until September 2019, when it was renamed Franchise Group, Inc. Franchise Group, Inc. is situated in Delaware, Ohio, and was founded in 2010.

HSON – Hudson Global, Inc.: Under the Hudson RPO brand, Hudson Global, Inc. delivers talent solutions for mid-to-large-cap multinational organizations and government agencies in the Americas, Asia Pacific, and Europe. It provides recruitment process outsourcing (RPO) services for clients' permanent staff hires, such as complete recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting; and RPO contracting services, such as outsourced professional contract staffing and managed services. Hudson Highland Group, Inc. was the company's previous name until April 2012, when it changed to Hudson Global, Inc. Hudson Global, Inc. is based in Old Greenwich, Connecticut, and was founded in 1999.

USIO -Usio, Inc. Usio, Inc., along with its subsidiaries, provides merchants and enterprises in the United States with integrated electronic payment processing services. The company provides credit, prepaid card, and debit card-based processing services, as well as automated clearing house (ACH) processing. The company also provides merchant account services for the processing of card-based transactions on the VISA, MasterCard, American Express, Discover, and JCB networks, as well as online terminal services via a website and retail services via a physical terminal. Payment Data Systems, Inc. was the company's previous name until June 2019, when it changed to Usio, Inc. Usio, Inc. is headquartered in San Antonio, Texas, and was founded in 1998.

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: (INBK, CPSS, ARCB, STRL, ARAY, CYH)
• HOLD:(QDEL, JAKK, WIRE, DFIN, HSON)
• BUY: (LEVL, GHLD, SRTS, VRTV, EXTR, FRG, ON, USIO)

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!!!!