Best Stocks which Swing Traders should Watch this Week – Stockxpo’s Stock Picks

The Stock Market was up this week.. Let’s take a look at some of the top news of the week first.As the economy recovers from the Covid-19 outbreak, U.S. stocks crept higher on Thursday after data showed another jump in consumer prices and a continued improvement in the labour sector… In addition, A new rule suggested by the leading global standard-setter for banking regulation would require banks to set aside a dollar in reserves for every $1 of bitcoin they control.. Other than this While the pandemic has wreaked havoc on India’s economy, the country’s stock market has soared. This week, the MSCI India index reached new highs, bringing the year-to-date gain to 14 percent. A strong market will aid these unicorns in obtaining the valuations they seek in their first public offerings.

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 $CAL, $CNR and $RM Please note that – compared to last week, we have removed $TEN, $CUBI.

CAL(Caleres Inc.)- Caleres, Inc. engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men. The Other segment covers corporate assets, administrative expenses, other costs, and recoveries that are not allocated to the operating units. The company was founded by George Warren Brown in 1878 and is headquartered in St. Louis, MO.

CNR(Cornerstone Building Brands Inc.)- Cornerstone Building Brands, Inc. engages in the design, engineer and manufacture of external building products. It operates through the following segments: Commercial, Siding, and Windows. The Commercial segment produces and distributes metal products for the nonresidential construction market. The Siding segment comprises of vinyl siding and skirting, steel siding, vinyl and aluminum soffit, aluminum trim coil, aluminum gutter coil, aluminum gutters, aluminum and steel roofing accessories, wide crown molding, window and door trim, fascia, undersill trims, outside and inside corner posts, rain removal systems, and injection molded designer accents. The Windows segment consists of vinyl, aluminum-clad vinyl, aluminum, wood and clad-wood windows and patio doors and steel, wood, and fiberglass entry doors that serve both the new construction and the home repair, and remodeling sectors. The company was founded by Johnie Schulte in 1984 and is headquartered in Cary, NC.

RM(Regional Management Corp.)- Regional Management Corp. engages in the provision of consumer financial services. The firm’s products include small, large, and retail installment loans. It also offers optional payment and collateral protection insurance products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is headquartered in Greer, SC. Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a  Rank #1 (Strong Buy) or 2 (Buy), returns are even better.

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, $HIBB  and $TLYS  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

HIBB(Hibbett Sports Inc.)- Hibbett Sports, Inc. engages in the provision of sporting goods business. Its stores are operating under the Hibbett Sporting Goods and City Gear banners and an omni-channel platform. The firm features a core selection of brand name merchandise emphasizing athletic footwear, athletic and fashion apparel, team sports equipment and related accessories. The company was founded in 1945 and is headquartered in Birmingham, AL.

TLYS(Tilly’s Inc.)- Tilly’s, Inc. engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA. A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. TLYS is quite a good fit in this regard, gaining 28.7% over this period. However, it’s not enough to look at the price change for around three months, as it doesn’t reflect any trend reversal that might have happened in a shorter time frame. It’s important for a potential winner to maintain the price trend. A price increase of 38% over the past four weeks ensures that the trend is still in place for the stock of this clothing and accessories retailer.

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 $TEN, $FOE, $PLCE, $SIC & $EMKR  from this list and added $STLA, $CUBI, $CNR, $TSQ , $RM,  $TLYS & $QRHC.

STLA(Stellantis N.V.)- Stellantis NV is an automobile company, which engages in the manufacture of automobiles and provision of mobility solutions. It designs, engineers, manufactures, distributes, and sells vehicles under the brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Moper, Opel, Peugeot, Leasys, Free2move, Vauxhall, and Ram. The company is headquartered in Lijnden, the Netherlands. A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. STLA is quite a good fit in this regard, gaining 21.5% over this period. However, it’s not enough to look at the price change for around three months, as it doesn’t reflect any trend reversal that might have happened in a shorter time frame. It’s important for a potential winner to maintain the price trend. A price increase of 18.4% over the past four weeks ensures that the trend is still in place for the stock of this automaker.

CUBI(Customers Bancorp Inc.)- Customers Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking services through its subsidiary, Customers Bank. It operates through the Customers Bank Business Banking and BankMobile segments. The Customers Bank Business Banking segment includes commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington, D.C., and Illinois through a single-point-of-contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment focuses in the state-of-the-art high-tech digital banking and disbursement services to consumers, students and the under banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded on April 7, 2010 and is headquartered in Wyomissing, PA.

CNR(Cornerstone Building Brands Inc.)- Cornerstone Building Brands, Inc. engages in the design, engineering and manufacture of external building products. It operates through the following segments: Commercial, Siding, and Windows. The Commercial segment produces and distributes metal products for the nonresidential construction market. The Siding segment comprises of vinyl siding and skirting, steel siding, vinyl and aluminum soffit, aluminum trim coil, aluminum gutter coil, aluminum gutters, aluminum and steel roofing accessories, wide crown molding, window and door trim, fascia, undersill trims, outside and inside corner posts, rain removal systems, and injection molded designer accents. The Windows segment consists of vinyl, aluminum-clad vinyl, aluminum, wood and clad-wood windows and patio doors and steel, wood, and fiberglass entry doors that serve both the new construction and the home repair, and remodeling sectors. The company was founded by Johnie Schulte in 1984 and is headquartered in Cary, NC.

TSQ(Townsquare Media Inc.)- Townsquare Media, Inc. is a community-focused digital media, digital marketing solutions and radio company. It owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States. The firm creates and distributes original entertainment, music and lifestyle content. The company operates through the following segments: Advertising, Townsquare Interactive, and Live Events. The Advertising segment includes broadcast and digital advertising products and solutions. The Townsquare Interactive segment involves the results of its digital marketing solutions business. The Live Events segment comprises concerts, expositions and other experiential events. Townsquare Media was founded by Alexander Berkett, Steven Price, Scott Schatz and Stuart B. Rosenstein in 1994 and is headquartered in Purchase, NY.

RM(Regional Management Corp.)- Regional Management Corp. engages in the provision of consumer financial services. The firm’s products include small, large, and retail installment loans. It also offers optional payment and collateral protection insurance products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is headquartered in Greer, SC. A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole. On this front, Regional Management has a trailing twelve months PE ratio of 8.91.

TLYS(Tilly’s Inc.)- Tilly’s, Inc. engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA. Tilly’s shares gained 26.8% over the last one month. The company possesses a Momentum Score of A.

QRHC(Quest Resource Holding Corp.)- Quest Resource Holding Corp. engages in the provision of reuse, recycling, and disposal services. It focuses on the waste streams and recyclables from big box, food chain, and other retailers; automotive repair, maintenance, and tire operations; truck and bus fleet operators; manufacturing plants; multi-family and commercial properties; and construction and demolition projects. The company was founded in July 2002 and is headquartered in The Colony, TX.

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!!!!