Best Stocks to Buy Now for Swing Traders – Expert Stock Picks of The Week By StockXpo

Happy New Years to all our readers including Traders, Investors, Analysts and others!!!! This week we got some good news that there more than 12.4 million doses of the Pfizer and Moderna vaccines had been sent out across the United States, up from 11.4 million on Monday morning alone. But just 2.8 million people had received their first dose, according to CDC(Centers for Disease Control and Prevention). Friday, on new year’s day, the stock market will be closed. Even the Bond market will close early today due to New Year’s Eve. As we are closing the stock market for 2020 today, overall the market has been a wild ride. It tank down in March and then it has been a roller coaster ride. Yet, many stocks aren’t recovered, but technology and biotech stocks has been leading the rally since then.

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 pick ideal stocks which are 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 up 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. $CMD, $LAKE and $AGCO. Please note that – compared to last week, we have removed  $BIDU and $CASH.

$CMD(Cantel Med Corp):- Cantel Medical Corp. engages in the development and manufacture of infection prevention products and services in the healthcare market. It operates through the following business segments: Medical, Life Sciences, Dental and Dialysis. The Medical segment designs, develops, manufactures, sells and installs a comprehensive offering of products and services comprising a complete circle of infection prevention solutions. The Life Sciences segment designs, develops, manufactures, sells and installs water purification systems for medical,pharmaceutical and other bacteria controlled applications. The Dental segment designs, manufactures, sells, supplies and distributes a broad selection of infection prevention healthcare products, the majority of which are single-use products used by dental practitioners.

Cantel Medical  is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Rank.

Studies have shown that stocks with the best growth features consistently outperform the market.

$LAKE(Lakeland Industries):- Lakeland Industries, Inc. engages in the manufacture and sale of safety garments and accessories for the industrial and public protective clothing market. Its products include disposable protective clothing, chemical protective clothing, woven protective clothing, fire protective gear, heat protective clothing, reflective protective clothing, hand and arm protection, arc or fire retardant rated rainwear, and fire retardant protective clothing. 

For LAKE, shares are up 9.22% over the past week while the Security and Safety Services industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.14% compares favorably with the industry’s 4.53% performance as well.While any stock can see its price increase, it takes a real winner to consistently beat the market. 

That is why looking at longer term price metrics — such as performance over the past three months or year can be useful as well. Shares of Lakeland Industries have increased 24.04% over the past quarter, and have gained 114.15% in the last year. On the other hand, the S&P 500 has only moved 9.64% and 18.47%, respectively.

$AGCO(Agco Corporation):- 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.Going forward, its investments in technology, product innovations, smart farming solutions and cost-control initiatives are likely to drive margins.The  Rank #1 company has an expected earnings growth rate of 16% for 2020. Its earnings estimates for 2020 and 2021 have been raised 0.4% and 3.4%, respectively, in the past 30 days. The stock price has surged 32.4% on a year-to-date basis.

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 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 $REI, $CMD and $PERI. We have finally removed $POR. 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.

$CMD(Cantel Medical Corporation)- Cantel Medical Corp. engages in the development and manufacture of infection prevention products and services in the healthcare market. It operates through the following business segments: Medical, Life Sciences, Dental and Dialysis. The Medical segment designs, develops, manufactures, sells and installs a comprehensive offering of products and services comprising a complete circle of infection prevention solutions. The Life Sciences segment designs, develops, manufactures, sells and installs water purification systems for medical,pharmaceutical and other bacteria controlled applications. The Dental segment designs, manufactures, sells, supplies and distributes a broad selection of infection prevention healthcare products, the majority of which are single-use products used by dental practitioners.

Cantel Medical  is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Rank.

Studies have shown that stocks with the best growth features consistently outperform the market.

Don’t miss: Best Stocks to buy for Swing Trading Today – Expert Stock Picks of the week by StockXpo

$PERI(Perion Network) – 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. The company was founded by Ofer Adler and Yaron Adler in November 1999 and is headquartered in Holon, Israel.

Perion is a Rank #3 (Hold) in the Internet – Content industry that ranks in the Bottom 35% of our Industry Rank. Over the last 30 days, two analysts have increased their earnings estimates for the current quarter, while none have revised their estimates downward. The net effect has taken our Consensus Estimate for the current quarter from 12 cents per share to 19 cents in that period.

$REI(Ring Energy Inc)-  Ring Energy, Inc. is an oil and gas exploration company which engages in oil and natural gas acquisition, exploration, development and production activities. The firm’s areas of operation are in the Permian Basin; the Central Basin Platform and the Delaware Basin. The company was founded by Lloyd T. Rochford and Stanley M. McCabe on July 30, 2004 and is headquartered in Midland, TX.came out with quarterly earnings of $0.05 per share, beating the Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 350%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.02 per share when it actually produced a loss of $0.02, delivering a surprise of -200%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.

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

Please note that we have removed $ZUO, $BIDU, $BSET and $AVT from this strategy picks. We have added $CMD, $LAKE, $MTSI and $LQDT. We are continuing to hold on to  $EMKR, $CLDR and $USIO.

$MTSI(Ma-Com Tech Solutions):- MACOM Technology Solutions Holdings, Inc. engages in the design, development, manufacture and market of semiconductors and modules. Its products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.The Rank #1 company has an expected earnings growth rate of 66.3% for the current year (ending September 2021). The Consensus Estimate for current-year earnings has improved 10.1% in the past 60 days. The stock has risen 99.2% year to date and has a Growth Score of A.

$CMD(Cantel Medical Corporation)- Cantel Medical Corp. engages in the development and manufacture of infection prevention products and services in the healthcare market. It operates through the following business segments: Medical, Life Sciences, Dental and Dialysis. The Medical segment designs, develops, manufactures, sells and installs a comprehensive offering of products and services comprising a complete circle of infection prevention solutions. The Life Sciences segment designs, develops, manufactures, sells and installs water purification systems for medical,pharmaceutical and other bacteria controlled applications. The Dental segment designs, manufactures, sells, supplies and distributes a broad selection of infection prevention healthcare products, the majority of which are single-use products used by dental practitioners.

Cantel Medical  is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Rank.

Studies have shown that stocks with the best growth features consistently outperform the market.

$LAKE(Lakeland Industries):- Lakeland Industries, Inc. engages in the manufacture and sale of safety garments and accessories for the industrial and public protective clothing market. Its products include disposable protective clothing, chemical protective clothing, woven protective clothing, fire protective gear, heat protective clothing, reflective protective clothing, hand and arm protection, arc or fire retardant rated rainwear, and fire retardant protective clothing. 

For LAKE, shares are up 9.22% over the past week while the Security and Safety Services industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.14% compares favorably with the industry’s 4.53% performance as well.While any stock can see its price increase, it takes a real winner to consistently beat the market. 

That is why looking at longer term price metrics — such as performance over the past three months or year can be useful as well. Shares of Lakeland Industries have increased 24.04% over the past quarter, and have gained 114.15% in the last year. On the other hand, the S&P 500 has only moved 9.64% and 18.47%, respectively.

$EMKR(Emcore Corp):- EMCORE Corp. engages in the manufacture and provision of mixed-signal optics products. It offers catv broadband transport and access; lasers and components; chip level devices; satellite RF fiber optic transport; wireless/distributed antenna systems; microwave components; fiber optics gyros, sensors, and navigation systems. The company was founded in 1984 and is headquartered in Alhambra, CA.Meanwhile, EMCORE is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.In fact, over the past month, current quarter estimates have risen from 3 cents per share to 9 cents per share, while current year estimates have risen from 14 cents per share to 31 cents per share. This has helped EMKR to earn a  Rank #2 (Buy), further underscoring the company’s solid position. So, if you are looking for a decent pick in a strong industry, consider EMCORE. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

$CLDR(Cloudera Inc):- Cloudera, Inc. engages in the provision of enterprise-grade, global data management platforms, services and solutions. It offers enterprise data hub, data warehouse, sata science and engineering, operational database, Cloudera DataFlow, Hortonworks Data Platform, and data science workbench. It operates through Subscription, and Services segments. The company was founded by Amr A. Awadallah, Christophe Bisciglia, Michael Olson and Jeffrey Hammerbacher in June 2008 and is headquartered in Palo Alto, CA.Cloudera, Inc. Currently has a Rank of #2 (Buy). Our research shows that stocks rated Rank #1 (Strong Buy) and #2 (Buy). It has increased 33.7% over the past quarter, and have gained 23.02% in the last year. On the other hand, the S&P 500 has only moved 11.62% and 16.16%, respectively.

$USIO(Usio Inc):- USIO, Inc. engages in providing integrated payment solutions. It also offers prepaid card processing and program management services for various other card programs including incentive cards for clinical trial recipients, consumer gift cards, rebate cards and various other card programs that can be branded or white labeled. The company was founded by Louis A. Hoch and Michael R. Long in July 1998 and is headquartered in San Antonio, TX.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

$LQDT(Liquidity Services Inc): – Liquidity Services, Inc. engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: GovDeals; Capital Assets Group; Retail Supply Chain Group; Machinio; and Corporate and Other. The GovDeals segment provides self-service solutions in which sellers list their own assets, and it consists of marketplaces that enable local and state government. The CAG segment offers full-service solutions to sellers and it consists of marketplaces that enable federal government agencies as well as commercial businesses to sell surplus, salvage, and scrap assets.

 LQDT was a big mover last session, as the company saw its shares more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This continues the recent uptrend for the company—as the stock is now up 96.8% in the past one-month time frame.

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!!!!