Best Stocks to buy for Swing Trading today – Stock Picks of the Week by StockXpo

Happy Friday, Traders, Investors, Analysts!!!! This week was full of surprises as festival is coming nearer.

Happy Friday, Traders, Investors, Analysts!!!! This week there has been ups and downs. A few days after Biden was announced as the President Elect last weekend, the market went up and just after that positive news came out for the COVID vaccine by Pfizer and BioNTech, and then the next day was little down turn by the Market due to increasing COVID cases and concerns towards that. Although, it recovered again yesterday. Overall, it’s been a good week again.

As we have promised, here we are again with our recommendations in 3 different categories for Swing Traders. Although, this could be a good strategy to add to your pocket even if you are newbie or experienced investors only looking for long term investment opportunities. This is a low risk high return strategy as you can get into it at any time and get out of the market within 2-3 weeks the most(just in case you have entered into a stock which we have been holding more than a week). Yes, that’s correct. In our recommendations, we do have few stocks which we hold more than a week as they still have potential to either recover in case they lose their value or chance of increasing even more if they have already increased in value. The good thing about this strategy is that you can be in the market all the time as always have 10-12 total stocks to pick across 3 categories and they are the top stocks matching our criteria out of 7000+ stocks.

Anyways, without further due, let’s get into our this week’s recommendation for our different strategies to fit your trading style to choose from or you can use all of them to diversify and ease some risk.

StockXpo’s SkyRocket Strategy

1) GM – General Motors 

2) IIVI – II-VI, Inc 

3) GRBK – Green Brick Partners

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. $GRBK. Please note that – compared to last week, we have removed $CCK, $BG and added $GM, $IIVI.

$GM – General Motors :- General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI. 

$IIVI – II-VI, Inc : – II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following segments: Photonic Solutions and Compound Semiconductors.

$GRBK – Green Brick Partners :- Green Brick Partners, Inc. engages in residential land development and homebuilding. It operates through the Builder Operations and Land Development segments. The Builder Operations segment consists of the Builder operations Southeast and Builder operations Central segments. It offers customization options and builds energy-efficient homes located in the metropolitan areas of Dallas, Texas, and Atlanta, Georgia. The Land Development segment sells finished lots or option lots from third-party developers to their controlled builders for homebuilding operations and provides them with construction financing and strategic planning. The company was founded by James R. Brickman on April 11, 2006 and is headquartered in Plano, TX.

StockXpo’s – ValueGrowth Strategy

1) REZI – Resideo Tech 

2) PLT – Plantronics Inc 

3) HCAP – Harvest Capital Credit Corp 

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 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. Our Stock Picks for this week are $REZI, $PLT and $HCAP. We have finally removed $NYUS, $PERI and $BG. Regardless of fall of the stock market due to COVID-19 fears, we have still booked some profit before they are wiped out from these stocks.

$REZI – Resideo Tech : Resideo Technologies, Inc. engages in the provision of critical comfort, residential thermal solutions and security solutions primarily in residential environments. It operates through the following segments: Products & Solutions and ADI Global Distribution. The Products & Solutions Segment offers solutions in Comfort, Residential Thermal Solutions, and Security categories and include temperature and humidity control, thermal, water, and air solutions as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software. 

 $PLT – Plantronics Inc  :- Plantronics, Inc. designs, manufactures, markets, and sells integrated communications and collaborations solutions for corporate customers, small businesses, and individuals worldwide. Its principal product categories include headsets, which comprises wired and wireless communication headsets; voice, video, and content sharing solutions, which includes open session initiation protocol and native ecosystem desktop phones, conference room phones, and video conferencing solutions; peripherals, including cameras, speakers, and microphones designed to work with a range of unified communication and collaboration, unified communication as a service, and video as a service environments, including RealPresence collaboration solutions of infrastructure to endpoints that allows people to connect and collaborate; and support services. 

$HCAP – Harvest Capital Credit Corp  :- Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies. The firm invest in multiple layers of a company’s capital structure, from senior secured debt to subordinated debt and minority equity capital. The firm typically invests in companies with target equity size of $250k to $1 million and target loan size of $2 million to $15 million, having revenue between $10 million and $100 million with at least $1.5 million of annual EBITDA. Harvest Capital Credit Corporation was founded in 2012 and is based in New York, New York.

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StockXpo’s TechFund Strategy

1) GM – General Motors    

2) FLEX – Flex Ltdn   

3) PFGC – Performance Food Group 

4) AGCO – Agco Corp

5) SMTS – Seirra Metals 

6) LCUT – Lifetime Brands 

7) AMRC – Ameresco Inc-A 

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 TechFund (TAFA) strategy. Just like other strategies, we pick these companies here for weekly based swing trade recommendations. 

Please note that we have removed $AB, $FHI, $AP, $DLA and $USAK from this strategy picks. We have added $GM, $PFGC, $AGCO, $SMTS and $LCUT. We are continuing to hold on to $FLEX and $AMRC.

$GM – General Motors:- General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

$FLEX – Flex Ltdn:- Flex Ltd. engages in provision of real-time supply chain insight and logistics services to companies. It operates through the following segments: Communications and Enterprise Compute (CEC), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI), High Reliability Solutions (HRS), and Corporate and Others. The Communications and Enterprise Compute segment includes telecom business of radio access base stations, remote radio heads, and small cells for wireless infrastructure; networking business; server and storage platforms for both enterprise and cloud-based deployments; next generation storage and security appliance products; and rack level solutions, converged infrastructure, and software-defined product solutions.

$PFGC – Performance Food Group :- Performance Food Group Co. engages in the market and distribution of food products. It operates through the following segments: Foodservice and Vistar. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations. The Vistar segment offers candy, snack, and beverage to customers in the vending, office coffee services, theater, retail, and other channels. The company was founded in 1885 and is headquartered in Richmond, VA.

$AGCO – Agco Corp:- AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It operates through the following geographic segments: North America; South America; Europe and Middle East; and Asia, Pacific, and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand. The firm’s products include tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. Its brands include Challenger, Fendt, GSI, Massey Ferguson, Valtra, and Fella. The company was founded by Robert J. Ratliff in 1990 and is headquartered in Duluth, GA.

$SMTS – Seirra Metals :- Sierra Metals, Inc. engages in the production, exploration, and development of precious and base metals. It operates through the Peru and Mexico geographical segments. The Peru segment consists of Yauricocha Mine. The Mexico segment consists of Bolivar and Cusi Mines. The company was founded on April 11, 1996 and is headquartered in Toronto, Canada.

$LCUT – Lifetime Brands :- Lifetime Brands, Inc. provides kitchenware and tableware products. It operates through the following segments: U.S. and International. The U.S. segment includes the domestic operations of the Company’s business that design, market and distribute its products to retailers, distributors and directly to consumers through retail websites. The International segment includes business operations conducted outside the United States. The company was founded in 1945 and is headquartered in Garden City, NY.

$AMRC – Ameresco Inc-A :- Ameresco, Inc. engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other. The U.S. Regions, U.S. Federal, and Canada segments offers energy efficiency products and services, such as design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure; and renewable energy solutions and services.

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.