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!!!! 

After going down on Monday afternoon, Stock Market rebound for two consecutive days. We are hoping for the same today, before closing. As we have announced, here we are early on Thursday this week with our best stocks to buy for Swing Trading for this week recommendation. Stock Market has now sold more than $10 billion in Tesla Inc. stock, extending the billionaire’s share-selling spree in the electric-vehicle maker into a second month. Other than this Alphabet Inc.’s Christmas markets hit once again announced a delay in its required return-to-office plans, which were set to begin on Jan. 10 at the earliest for U.S. offices.

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  $BLDR, $BVH and $ON

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

Stock Symbol Company Name Action
LPX Louisiana-Pacific Corporation Sell
CBRE CBRE Group, Inc. Sell
BLDR Builders FirstSource, Inc. Hold
BVH Bluegreen Vacations Holding Corporation Buy
ON ON Semiconductor Corporation Buy

 

BLDR(Builders FirstSource, Inc.): Builders FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, sub-contractors, remodelers and consumers. The firm operates through the following segments: Northeast, Southeast, South and West. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood. The company was founded by Kevin P. O’Meara, Donald F. McAleenan and John D. Roach in March 1998 and is headquartered in Dallas, TX.


BVH(Bluegreen Vacations Holding Corp.)- Bluegreen Vacations Holding Corporation operates as a vacation ownership company. It markets and sells vacation ownership interests (VOI); and manages resorts in leisure and urban destinations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, and others. The company also provides resort management, mortgage servicing, title services, reservation, and construction design and development services; and financing to qualified VOI purchasers, as well as management services to the vacation club and homeowners’ associations. Its resort network includes 45 club resorts and 23 club associate resorts. The company was founded in 1966 and is headquartered in Boca Raton, Florida.


ON (ON Semiconductor Corporation.): ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.




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 $GMS, $ESLT and $GOGL  in this category.

Stock Symbol Company Name Action
HGV Hilton Grand Vacations Inc. Sell
ZIM ZIM Integrated Shipping Services Ltd. Sell
GMS GMS Inc Hold
ESLT Elbit Systems Ltd. Buy
GOGL Golden Ocean Group Limited Buy

GMS(GMS Inc.): GMS Inc. is a distributor of specialty building products, including wallboard, suspended ceiling systems, steel framing and other complementary building products. The Company purchases products from many manufacturers and then distributes these goods to a customer base consisting of wallboard and ceilings contractors, homebuilders, and general contractors and individuals. Its wallboard is used as a building product for interior and exterior walls and ceilings in residential and commercial structures. Its ceilings product line consists of suspended mineral fiber, soft fiber and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools and others. Its steel framing product line consists of steel track, studs and the various other steel products used to frame the interior walls of a commercial or institutional building. It operates a network of approximately 280 distribution centers across the United States and Canada.


ESLT(Elbit Systems Ltd.): Elbit Systems Ltd. is a technology company, which engages in the development and distribution of defense and homeland security solutions. Its portfolio includes airborne, land, and naval systems and products for defense, homeland security, and commercial applications. The company was founded in 1996 and is headquartered in Haifa, Israel.


GOGL(Golden Ocean Group Limited)- Golden Ocean Group Ltd. engages in the ownership and operation of dry bulk vessels. The firm manages Newcastlemax, Capesize, Panamax, and Ultramax vessels and transports bulk commodities, including ores, coal, grains, and fertilizers. It also involves in the charter, purchase, and sale of vessels. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.




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 it from this list $BVH, $ARLO, $SIMO, $OCN, $CPSS, $UVE, $JBL removed $EXTR, $FISI, $RC, $BBU, and $REX

Stock Symbol Company Name Action
EXTR Extreme Networks, Inc. Sell
FISI Financial Institutions, Inc. Sell
RC Ready Capital Corporation Sell
BBU Brookfield Business Partners L.P. Sell
REX Rivian Automotive, Inc. Sell
BVH Bluegreen Vacations Holding Corporation Hold
ARLO Arlo Technologies, Inc. Hold
SIMO Silicon Motion Technology Corporation Buy
OCN Ocwen Financial Corporation Buy
CPSS Consumer Portfolio Services, Inc Buy
UVE Universal Insurance Holdings, Inc Buy
JBL Jabil Inc. Buy

 

ARLO(Arlo Technologies Inc.): Arlo Technologies, Inc., together with its subsidiaries, provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Go, a LTE-enabled wire-free camera that provides untethered mobile security; Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision; Arlo Chime, a product that plugs into standard wall outlet and pairs with the Arlo Audio Doorbell to play various ringtones or act as a siren; and Arlo Ultra, an integrated spotlight and crystal-clear two-way audio with advanced noise cancellations camera.


BVH(Bluegreen Vacations Holding Corp.)- Bluegreen Vacations Holding Corporation operates as a vacation ownership company. It markets and sells vacation ownership interests (VOI); and manages resorts in leisure and urban destinations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, and others. The company also provides resort management, mortgage servicing, title services, reservation, and construction design and development services; and financing to qualified VOI purchasers, as well as management services to the vacation club and homeowners’ associations. Its resort network includes 45 club resorts and 23 club associate resorts. The company was founded in 1966 and is headquartered in Boca Raton, Florida.


OCN(Ocwen Financial Corporation.)Ocwen Financial Corp. is a financial services holding company, which through its subsidiaries engages in the servicing and origination of mortgage loans. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing and asset management services. The Lending segment involves in the originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment include revenues and expenses that are not directly related to other reportable segment. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.


CPSS(Consumer Portfolio Services, Inc. ) Consumer Portfolio Services, Inc. operates as an independent finance company. The firm provides indirect automobile financing to individuals with past credit problems, low incomes, and limited credit histories. It engages in purchase and service of retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company was founded on March 8, 1991 and is headquartered in Las Vegas, NV.


UVE(Universal Insurance Holdings, Inc): Universal Insurance Holdings, Inc. operates as a holding company offering property and casualty insurance and value-added insurance services. It develops, markets and underwrites insurance products for consumers in the personal residential homeowners lines of business and perform substantially all other insurance-related services for primary insurance entities, including risk management, claims management, and distribution. The company was founded by Bradley I. Meier on November 13, 1990 and is headquartered in Fort Lauderdale, FL.


JBL(Jabil Inc.): Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the following segments: Electronics Manufacturing Services and Diversified Manufacturing Services. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.


SIMO(Silicon Motion Technology Corporation)Silicon Motion Technology Corp. engages in the development, manufacture and supply of semiconductor products for the electronics market. The firm products include Flash Controllers, Storage Solutions, and others. It offers embedded and expandable storage, radio frequency integrated circuits and embedded graphics. The company was founded in November 1995 and is headquartered in Hong Kong.


 

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: (HGV, EXTR, FISI,  LPX , RC, CBRE, ZIM, BBU, REX)
  • HOLD:(BVH, ARLO, GMS, BLDR)
  • BUY: (ESLT, SIMO, OCN , CPSS, UVE, GOGL, ON, JBL)

Stock Symbol Company Name Action
HGV Hilton Grand Vacations Inc. Sell
EXTR Extreme Networks, Inc. Sell
FISI Financial Institutions, Inc. Sell
LPX Louisiana-Pacific Corporation Sell
RC Ready Capital Corporation Sell
CBRE CBRE Group, Inc. Sell
ZIM ZIM Integrated Shipping Services Ltd. Sell
BBU Brookfield Business Partners L.P. Sell
REX Rivian Automotive, Inc. Sell
BVH Bluegreen Vacations Holding Corporation Hold
ARLO Arlo Technologies, Inc. Hold
BLDR Builders FirstSource, Inc. Hold
GMS GMS Inc. Hold
ESLT Elbit Systems Ltd. Buy
SIMO Silicon Motion Technology Corporation Buy
OCN Ocwen Financial Corporation Buy
CPSS Consumer Portfolio Services, Inc. Buy
UVE Universal Insurance Holdings, Inc Buy
GOGL Golden Ocean Group Limited Buy
ON ON Semiconductor Corporation Buy
JBL Jabil 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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Happy Trading!!!!

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