Best Stocks to buy today and hold for a week for a swing trading

best stocks to buy 10/16/2020

best stocks to buy 10/16/2020

Hey All Swing Traders, happy Friday again!!!

Here we are again on this Friday with another recommendation for best stocks to buy. Please note that using our strategy, you can balance your portfolio every Friday based on our recommendation and buy stocks that we are adding to our watch list here and sell the stocks which are no longer in our list here from last Friday’s post.

As mentioned earlier, we are going to recommend this to swing traders as our picks change on every Friday and we strictly recommend to rebalance your portfolio every Friday in order to get as close results as our back testing results. We will also provide more ways to systematically trade using the following strategy. 

We will also be sending you detailed instructions soon on how to use this watchlist and manage your portfolio specifically for our recommended stocks here.

As we promised in our first article, we will be giving our recommendation every Friday in 3 different categories. This way depending on your favourite or comfortable style of investing or swing trading, you can choose one or all of these categories and pick your own price to invest with anywhere from $1000 to $5000, and consistently invest that on a weekly basis

As other investment advisors, we would like to call out here that these are just our recommendation and just like any other form of investing there is a risk involved in stock trading. You may want to check with your own financial advisor or tax advisor on any obligations this investment may have on your financial portfolio or tax liabilities.

Alright, so without further due, let’s deep dive into our recommendation from today and let’s compare it with our recommendation from last week.

 

StockXpo’s SkyRocket Strategy

VSTO, OMI, LMB, EAT, GPI

Here we try to find the stocks which have a strong fundamental track record and have strong buy or buy ratings from other analyst firms. For this week, here are our picks. Please note that – compare to last week, we have removed $VSTO and $LMB from this list and added $EAT and $GPI.

Owens & Minor Inc ($OMI) – The company saw its shares rise more than 8% 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 46.5% in the past one-month time frame.

Brinker International Inc ($EAT) – For EAT, shares are up 8.61% over the past week while the Zacks Retail – Restaurants industry is up 2.48% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 8.16% compares favorably with the industry’s 3.17% performance as well.

Group 1 Automotive, Inc. ($GPI ) –  is an auto retailer which is expected to see earnings rise 28% in 2020. Car sales have been hot, especially used cars. Shares are up 23% year-to-date but are still cheap, with a forward P/E of just 8.8.

It’s also important to note that Style Scores work as a complement to our stock rating system.

StockXpo’s – ValueGrowth Strategy

– BIG, BZH, AIR

We use some similar criteria or strategy here as a well known Warren Buffet’s Value strategy. Although, we do have some customization added on top of it and we focus on fundamentally strong companies and with Strong buy or buy ratings by other financial firms and analysts. Here is our pick for this week – BIG, BZH and AIR.

Big Lots Inc ($BIG) – BIG has a PEG ratio of 1.58. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company’s expected EPS growth rate. BIG’s industry has an average PEG of 2.75 right now. Within the past year, BIG’s PEG has been as high as 3.78 and as low as 0.50, with a median of 1.02.

Beazer Homes USA Inc ($BZH) – It is a homebuilder company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

AAR Corp ($AIR) – The company carried by Ranking Presently, by multiple finance analysis provides various products. The consensus measure of EPS estimates from the sell-side analysts covering the stock — for the current and following years.

StockXpo’s TechFund Strategy

LMB, ACM, CASH, VSTO, SPNE, AAWW, PEIX, AB, OMI, EGO, AP

The name could be little confusing or misleading here, but when we say TechFund, we don’t mean we just focus on Technology companies or related to any particular Investment or Mutual fund here. We meant Technical and Fundamentally strong companies here. That’s what we focus on to pick companies here to trade for weekly based swing trade recommendations. 

Please note that we have removed $LMB, $ACM and $VSTO from this list and added $AB, $OMI, $EGO and $AP. You can continue to hold $CASH, $SPNE and $PEIX, sell which we have removed and buy the newly added stocks in this list.  

AllianceBernstein L.P.’s ($AB) – long-term issuer and commercial paper ratings have been affirmed by Moody’s Investors Service at A2 and P-1, respectively. Moreover, the rating outlook is stable for the company.

Meta Financial Group Inc ($CASH) – It’s an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The sole determinant of a company’s changing earnings picture. the consensus of EPS estimates from the sell-side analysts covering the stock — for the current and following years is tracked by the system.

SeaSpine Holdings Corp ($SPNE) – It came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.70. This compares to a loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items.

Owens & Minor Inc ($OMI) – The company saw its shares rise more than 8% 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 46.5% in the past one-month time frame.

Eldorado Gold($EGO) – has a projected earnings growth rate of 2,450% for the current year. The company’s shares have shot up roughly 77% in a year.

Ampco-Pittsburgh Corporation ($AP) – manufactures and sells custom-designed engineering products to commercial and industrial users in the United States. The Zacks Consensus Estimate for its current-year earnings increased more than 100% over the past 60 days. The company’s expected earnings growth rate for the current year is 35.1%. Its shares gained 15.9% in the July-September quarter.

Pacific Ethanol Inc ($PEIX) – It delivered a year-over-year decline in earnings on lower revenues when it reported results for the quarter ended June 2020. This widely-known consensus outlook is important in assessing the company’s earnings picture.

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