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 was up this week.. Let’s take a look at some of the top news of the week first. Unvaccinated Americans are less concerned than vaccinated Americans about travel, the study says. In addition, two media-mogul-owned enterprises Byron Allen have brought an action against the McDonald’s Corp. against the fast-food giant. Other than this The CEO of Barrick Gold dismisses cryptocurrencies as a poor substitute for gold as a store of value.

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 break through their 8 week high and even 52 week 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 $IGT, $BNTX and $CCS Please note that – compared to last week, we have removed $ONEW, $X.

IGT(International Game Technology PLC)- International Game Technology Plc creates, manufactures, and sells electronic gaming equipment, software, and network systems. It operates in two segments: Global Lottery and Global Gaming. The Global Lottery segment is in charge of the traditional lottery and iLottery businesses around the world, including sales, operations, product development, technology, and support. iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology are all part of the Global Gaming segment. The company was founded on July 11, 2014, and is based in London, England.

• BNTX(BioNTech SE ADR)- BioNTech SE is a clinical-stage biotechnology firm. It is organised into two business units: Biotech Business and External Services. Clinical, Technology Platform, and Manufacturing segments comprise the Biotech Business unit.It also includes operations for business services. The External Services segment includes activities related to the sale of diagnostic products, peptides, retroviral vectors for clinical supply, development, and manufacturing services. On June 2, 2008, Christopher Huber, Ozlem Tureci, and Ugur Sahin founded the company, which is headquartered in Mainz, Germany.

• CCS(Century Communities Inc.)- Century Communities, Inc. develops, designs, builds, markets, and sells single-family attached and detached homes. It operates in five business segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. The West section includes Southern California, the Central Valley, the Bay Area, and Washington. Colorado, Nevada, and Utah are represented by the Mountain segment. Houston, San Antonio, and Austin make up the Texas segment. Georgia, North Carolina, South Carolina, and Tennessee make up the Southeast segment. Alabama, Arizona, Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina, and Tennessee comprise the Wade Jurney Homes segment.

StockXpo’s – ValueGrowth Strategy

As you know, this is more like Buffett’s Value Strategy, but our stock picking criteria is to pick the top 3 out of such value stocks. Moreover, we are more likely to hold them for the short term not 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 potential and so we are still holding on to them this week. So our picks are $ALTO, $AMO and $SC  in this category

• ALTO(Alto Ingredients Inc.)- A-Mark Precious Metals, Inc. is a precious metals trader. It operates in three divisions: wholesale trading and ancillary services, secured lending, and direct sales. Gold, silver, platinum, and palladium are available in the Wholesale Trading and Ancillary Services segment in the form of bars, plates, powder, wafers, grain, ingots, and coins. Coin and precious metal dealers, investors, and collectors are served by the Secured Lending segment. The Direct Sales division sells precious metals to investors. Steven C. Markoff founded the company on April 9, 1965, and it is headquartered in El Segundo, California.

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

AMOT(Allied Motion Technologies Inc.)- Allied Motion Technologies, Inc. manufactures precision and specialty controlled motion components and systems that are used in a variety of industries. Vehicle, medical, aerospace and defence, and industrial markets are among its target markets. Brushless motors, brushless motor drives, brushed DC motors, gear motors, and blowers are all available. The company was founded in 1962 and is based in Amherst, New York.

• SC(Santander Consumer USA Holdings Inc.)- Santander Consumer USA Holdings, Inc. is a consumer finance company based in the United States. It provides motorcycles, automobiles, and marine vehicles with retail instalment contracts, vehicle leases, dealer loans, financial goods, and services. The company was founded in July 2013 and is based in Dallas, Texas.Our proprietary system currently recommends Santander Consumer as one of these stocks. Not only does the organisation have a high Growth Score, but it also has a high Rank.According to research, stocks with the best growth characteristics consistently outperform the market. Stocks with a Growth Score of A or B produce even better returns.

StockXpo’s TechFund Strategy

This is the most active category and we give a lot of preference here to stocks which 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 $TXT, $BNTX, $HZO, $DLA & $MAN from this list and added $CCS, $BHLB, $MFIN, $BSET , $EXTR,  $GDEN & $EMKR.

• CCS(Century Communities Inc.)- Century Communities, Inc. develops, designs, builds, markets, and sells single-family attached and detached homes. It operates in five business segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. The West section includes Southern California, the Central Valley, the Bay Area, and Washington. Colorado, Nevada, and Utah are represented by the Mountain segment. Houston, San Antonio, and Austin make up the Texas segment. Georgia, North Carolina, South Carolina, and Tennessee make up the Southeast segment. Alabama, Arizona, Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina, and Tennessee comprise the Wade Jurney Homes segment.

• BHLB(Berkshire Hills Bancorp Inc.)- Berkshire Hills Bancorp, Inc. is a bank holding company that owns Berkshire Bank and Berkshire Insurance Group, Inc. In its market areas, the company provides retail and commercial customers with deposit, lending, insurance, and wealth management products. It intends to increase and deepen its market and wallet share through organic growth and acquisition strategies. The company was founded in June 2000 and is based in Pittsfield, Massachusetts.

• MFIN(Medallion Financial Corp.)-  Medallion Financial Corp. is a bank holding company that, through its subsidiaries, makes consumer loans, collects deposits, and engages in other banking activities. Consumer Lending, Commercial Lending, Medallion Lending, RPAC Racing, LLC (RPAC), and Corporate and Other are its business segments. Recreation and home improvement lending, which provides financial assistance to high-growth prime and non-prime consumers; and residential home improvements focused on swimming pools, solar panels, roofs, and windows comprise the Consumer Lending segment. The Commercial Lending segment makes senior and subordinated loans to businesses across the country.

• BSET(Bassett Furniture Industries Inc.)- Bassett Furniture Industries, Inc. manufactures, markets, and sells home furnishings. It operates in three segments: wholesale, retail, and logistical services. The Wholesale segment is concerned with the design, manufacture, sourcing, sale, and distribution of furniture. Local furniture stores, regional furniture retailers, national department stores, chain stores, and single-vendor branded retailers comprise the Retail segment. Shipping, delivery, and warehousing services are provided by the Logistical Services segment. John David Bassett, Sr. founded the company in 1902, and it is headquartered in Bassett, Virginia.

• EXTR(Extreme Networks Inc.)- Extreme Networks, Inc. provides software-driven networking solutions to enterprise, data centre, and service provider clients. The company creates software for network management, policy, analytics, security, and access controls as well as designs, develops, and manufactures wired and wireless network infrastructure equipment. Extreme Applications, Extreme Switching, Extreme Routing, and Extreme Mobility are among its products. The company was founded in May 1996 and is based in San Jose, California.

• GDEN(Golden Entertainment Inc.)- Golden Entertainment, Inc. is a company that develops, finances, manages, and owns casino properties. It operates in two segments: Distributed Gaming and Casinos. The Distributed Gaming segment instals, maintains, and operates slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and operates wholly-owned branded taverns targeting local patrons. The Casino segment is concerned with the ownership and management of resort casinos. The company was established in 1998 and is based in Las Vegas, Nevada.

EMKR(Emcore Corp.)- EMCORE Corp. is a manufacturer and supplier of mixed-signal optics products. Catv broadband transport and access; lasers and components; chip level devices; satellite RF fibre optic transport; wireless/distributed antenna systems; microwave components; fibre optics gyros, sensors, and navigation systems are all available. The company was founded in 1984 and is based in Alhambra, California.

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 query and information.

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Happy Trading!!!!