Best Swing Trading Stocks: Week of 07-08-2022

Hello to all our readers including Traders, Investors, Analysts, and others!!!! 

Let’s recap this week’s latest news. Stock futures fell early on Friday following a rally on Wall Street as investors await a key jobs report Friday. Futures tied to the Dow Jones Industrial Average fell 91 points or 0.29%. S&P 500 futures were down 0.36%, and Nasdaq 100 futures slumped 0.44%. One of Hong Kong’s top financial officials, Ashley Alder, is leaving his role as chief executive of the city’s markets regulator to become chair of the U.K. Financial Conduct Authority. Beijing city toned down a plan to require Covid vaccinations to enter some public venues, and maintained that a negative virus test was sufficient. The report cited a member of the city’s virus prevention and control office, who emphasized current rules — a negative virus test within the last 72 hours.

If you are a regular reader, you may be already aware, we recommend 10-12 stocks in 2 different categories – 1. ValueGrowth and 2. 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 this week’s recommendations. Please note that overall the market was very much on the upside, 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 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 of 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 – ValueGrowth Strategy

As you know, this is more like Buffett's Value Strategy, but our stock-picking criterion is to pick the top 3 out of such value stocks. Moreover, we are more likely to hold them for the short term, not the 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. So our picks are CNM, NX and CVLG in this category.

Stock Symbol Company Name Action
TWI Titan International, Inc. Sell
CHS Chico's FAS, Inc. Sell
CNM Core & Main, Inc. Hold
NX Quanex Building Products Corporation Buy
CVLG Covenant Logistics Group, Inc.td> Buy

NX(Quanex Building Products Corporation): Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components. It offers flexible insulating glass spacers, extruded vinyl profiles, window, and door screens, precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.


CVLG(Covenant Logistics Group, Inc.)- Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company.


CNM(Core & Main, Inc.): Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States.Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software, and other services.




StockXpo's TechFund Strategy

This is the most active category and we give a lot of preference here to stocks that 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 added it from this list $PRPH, $FGBI, $AXS, $UFCS, $DCPH, $KVHI, $FCFS removed $NX, $SNEX, $SELB, $GEF, $GORO, $ASC

Stock Symbol Company Name Action
NX Quanex Building Products Corporation Sell
SELB Selecta Biosciences, Inc. Sell
SNEX StoneX Group Inc. Sell
GEF Greif, Inc. Sell
GORO Gold Resource Corporation Sell
ASC Ardmore Shipping Corporation Sell
PRPH ProPhase Labs, Inc. Hold
FGBI First Guaranty Bancshares, Inc. Buy
AXS AXIS Capital Holdings Limited Buy
UFCS United Fire Group, Inc. Buy
DCPH Deciphera Pharmaceuticals, Inc. Buy
KVHI KVH Industries, Inc. Buy
FCFS FirstCash Holdings, Inc Buy

 

PRPH(ProPhase Labs, Inc.): ProPhase Labs, Inc. engages in the research, development, manufacture, distribution, marketing, and sale of over the counter (OTC) consumer healthcare products and dietary supplements in the United States. The company operates in two segments, Diagnostic Services and Consumer Products. It offers a range of OTC dietary supplements, including Legendz XL for male sexual health; and Triple Edge XL, an energy and stamina booster. The company also provides contract manufacturing services, such as product development, pre-commercialization, production, warehousing, and distribution; SARS-CoV-2 (COVID-19) and COVID-19 viral mutation polymerase chain reaction tests through saliva and nasal swab methods; and other respiratory pathogen panel molecular testing services, as well as personal genomics products and services.


FGBI(First Guaranty Bancshares, Inc.): First Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities. The company also provides loans, such as non-farm, non-residential loans secured by real estate, commercial and industrial loans, one-to four-family residential loans, multifamily loans, construction, and land development loans, agricultural loans, farmland loans, and consumer and other loans to small to medium-sized businesses and professionals, and individuals.


AXS(AXIS Capital Holdings Limited): AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products. It also provides professional insurance products that cover directors' and officers' liability, errors and omissions liability, employment practices liability, fiduciary liability, crime, professional indemnity, cyber and privacy, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers.


UFCS(United Fire Group, Inc.): United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; commercial multiple perils and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fidelity and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners. The company sells its products through a network of independent agencies. United Fire Group, Inc. was founded in 1946 and is headquartered in Cedar Rapids, Iowa.


DCPH(Deciphera Pharmaceuticals, Inc.): Deciphera Pharmaceuticals, Inc., a biopharmaceutical company, develops drugs to enhance the lives of cancer patients by addressing key mechanisms of drug resistance that limit the rate and durability of response to existing cancer therapies in the United States and internationally. Its lead drug candidate is QINLOCK used for the treatment of gastrointestinal stromal tumors (GIST), as well as in the INTRIGUE Phase 3 study to treat second-line GIST. The company is also developing vimseltinib, an orally administered, potent, and highly selective switch-control kinase inhibitor of colony-stimulating factor 1 receptor (CSF1R) for the treatment of tenosynovial giant cell tumor (TGCT); and DCC-3116 to treat RAS/RAF mutant cancers that is in the preclinical-stage. Deciphera Pharmaceuticals, Inc. was founded in 2003 and is headquartered in Waltham, Massachusetts.


KVHI(KVH Industries, Inc.): KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software; and Iridium OpenPort hardware products and services. It also offers airtime plans that enable customers to obtain Internet and voice services, value-added, and news and radio content services to retail customers.


FCFS(FirstCash Holdings, Inc): FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and the Rest of Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retail merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers. The company is also involved in melting scrap jewelry, as well as selling gold, silver, and diamonds in commodity markets. As of December 31, 2021, it operated 1,081 stores in the United States and the District of Columbia; 1,656 stores in Mexico; 60 stores in Guatemala; 13 stores in El Salvador; and 15 stores in Colombia. The company was incorporated in 1988 and is headquartered in Fort Worth, Texas.


 

StockXpo's Diversification Strategy

Companies often think about diversification when they reach a certain point in their development. Igor Ansoff identified diversification as one of the four main growth strategies in 1957, and it allows companies to look at other markets or new products to expand their reach and revenue.

Diversification aims to smooth out unsystematic risk occurrences in a portfolio by ensuring that the positive performance of some investments balances out the negative performance of others. Only if the securities in the portfolio are not completely correlated—that is, if they react to market factors differently, frequently in opposing ways—does diversification pay off.

If you are following all strategies and watchlist – here is the recommendation for the StocXpo diversification Strategy-

  • SELL(SNEX, TWI, SELB, GEF, GORO, CHS, ASC) 
  • HOLD(NX, PRPH, CNM)
  • BUY(FGBI, AXS, UFCS, DCPH, CVLG, KVHI, FCFS)

Stock Symbol Company Name Action
SNEX StoneX Group Inc. Sell
TWI Titan International, Inc. Sell
SELB Selecta Biosciences, Inc. Sell
GEF Greif, Inc. Sell
GORO Gold Resource Corporation Sell
CHS Chico's FAS, Inc. Sell
ASC Ardmore Shipping Corporation Sell
NX Quanex Building Products Corporation Hold
PRPH ProPhase Labs, Inc. Hold
CNM Core & Main, Inc. Hold
FGBI First Guaranty Bancshares, Inc. Buy
AXS AXIS Capital Holdings Limited Buy
UFCS United Fire Group, Inc. Buy
DCPH Deciphera Pharmaceuticals, Inc. Buy
CVLG Covenant Logistics Group, Inc. Buy
KVHI KVH Industries, Inc. Buy
FCFS FirstCash Holdings, Inc Buy

 

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Happy Trading!!!!

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