Best Swing Trading Stocks: Week of 07-22-2022

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

Let’s recap this week’s latest news. RIVN, Financial) and its biggest customer Amazon.com Inc. (AMZN, Financial) announced a landmark step in their partnership; Amazon has now begun delivering packages with electric vans from Rivian. Federal authorities brought the first-ever cryptocurrency insider-trading case Thursday, accusing a former Coinbase Global manager of tipping off his brother and a friend with confidential information and signaling in a companion case an aggressive new push to police digital tokens. Mattel CEO Ynon Kreiz told CNBC’s Jim Cramer that the company’s highly anticipated Barbie movie finished production on Thursday.

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 LBTYA, CDR and PAM in this category.

Stock Symbol Company Name Action
NX Quanex Building Products Corporation Sell
CVLG Covenant Logistics Group, Inc. Sell
CNM Core & Main, Inc. Sell
LBTYA Liberty Global plc Buy
CDR Cedar Realty Trust, Inc. Buy
PAM Pampa Energía S.A. Buy

LBTYA(Liberty Global plc): Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in the home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.


CDR(Cedar Realty Trust, Inc.):  Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, D.C. to Boston. The Company's portfolio (excluding properties treated as “held for sale") comprises 54 properties, with approximately 8.1 million square feet of gross leasable area.


PAM(Pampa Energía S.A.): Pampa Energía S.A., an integrated power company, engages in the generation and transmission of electricity in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, Holding, and Other Business segments. It generates electricity through combined thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm. The company has an installed electricity generation capacity of approximately 4,970 megawatts; and 21,414 kilometers of high voltage electricity transmission network in Argentina. It is also involved in the exploration and production of oil and gas.




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 $ECPG, $USAK, $EVH, $CHEF, $OTTR, $PEB and $ADTN removed $PRPH, $BLDR, $STKL and $WVE

Stock Symbol Company Name Action
PRPH ProPhase Labs, Inc. Sell
BLDR Builders FirstSource, Inc. Sell
STKL SunOpta Inc. Sell
WVE Wave Life Sciences Ltd. Sell
ECPG Encore Capital Group, Inc. Hold
USAK USA Truck, Inc. Hold
EVH Evolent Health, Inc Hold
CHEF The Chefs' Warehouse, Inc. Buy
OTTR Otter Tail Corporation Buy
PEB Pebblebrook Hotel Trust Buy
ADTN ADTRAN Holdings, Inc. Buy

 

ECPG(Encore Capital Group, Inc.): Encore Capital Group, Inc., a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and work toward financial recovery. It is also involved in the provision of early-stage collection, business process outsourcing, and contingent collection services, as well as debt servicing and other portfolio management services to credit originators for non-performing loans. The company was incorporated in 1999 and is headquartered in San Diego, California.


CHEF(The Chefs' Warehouse, Inc.): The Chefs' Warehouse, Inc., together with its subsidiaries, engages in the distribution of specialty food products in the United States and Canada. The company's product portfolio includes approximately 50,000 stock-keeping units, such as specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegar, truffles, caviar, chocolate, and pastry products. It also offers a line of center-of-the-plate products, including custom-cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour. The company serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores.


USAK(USA Truck, Inc.): USA Truck, Inc. operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking, and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services. As of December 31, 2021, the company operated a fleet of 2,157 tractors, which included 641 independent contractor tractors; and 6,548 trailers. USA Truck, Inc. was founded in 1983 and is headquartered in Van Buren, Arkansas.


OTTR(Otter Tail Corporation): Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas. It serves approximately 133,000 residential, industrial, and other commercial customers. Its Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components, and extruded raw material stock for recreational vehicle, agricultural, construction, lawn, and garden, and industrial and energy equipment industries.


EVH(Evolent Health, Inc): Evolent Health, Inc., a healthcare company, through its subsidiary, Evolent Health LLC, provides clinical and administrative solutions to payers and providers in the United States. It operates in two segments, Evolent Health Services, and Clinical Solutions. The Evolent Health Services segment provides an integrated administrative and clinical platform for health plan administration and population health management. It offers financial and administrative management services, such as health plan services, risk management, analytics and reporting, and leadership and management; and Identify, a proprietary technology system that aggregates and analyzes data, manages care workflows, and engages patients, population health performance that delivers patient-centric cost-effective care. The Clinical Solutions segment offers specialty care management services to support a range of specialty care delivery stakeholders during their transition from fee-for-service to value-based care, independent of their stage of maturation and specific market dynamics in oncology and cardiology; and holistic total cost of care improvement.


PEB(Pebblebrook Hotel Trust): Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.


ADTN(ADTRAN Holdings, Inc.): ADTRAN Holdings, Inc., through its subsidiaries, provides end-to-end fiber networking solutions for communications service providers, enterprises, and government customers in the United States, Germany, the United Kingdom, Mexico, and internationally. It operates through two segments, Network Solutions, and Services & Support. The company offers fiber access and fiber to the node platforms; transceivers, cables, and other miscellaneous materials; passive optical network optical line terminals; fiber to the distribution point Gfast distribution point units; cabinet and outside plant enclosures and services; packet optical transports; fixed wireless access platforms; and network management and subscriber services, and control and orchestration software.


 

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(NX, PRPH, CNM, CVLG, BLDR, STKL, WVE) 
  • HOLD(ECPG, USAK, EVH)
  • BUY(LBTYA, CHEF, OTTR, PAM, CDR, PEB, ADTN)

Stock Symbol Company Name Action
NX Quanex Building Products Corporation Sell
PRPH ProPhase Labs, Inc. Sell
CNM Core & Main, Inc. Sell
CVLG Covenant Logistics Group, Inc. Sell
BLDR Builders FirstSource, Inc. Sell
STKL SunOpta Inc. Sell
WVE Wave Life Sciences Ltd. Sell
ECPG Encore Capital Group, Inc. Hold
USAK USA Truck, Inc. Hold
EVH Evolent Health, Inc Hold
LBTYA Liberty Global plc Buy
CHEF The Chefs' Warehouse, Inc. Buy
OTTR Otter Tail Corporation Buy
PAM Pampa Energía S.A. Buy
CDR Cedar Realty Trust, Inc. Buy
PEB Pebblebrook Hotel Trust Buy
ADTN ADTRAN Holdings, Inc. Buy

 

I hope this information will help you buy good stocks for your swing trading. See you next Friday. Keep coming to our website for stock-related queries and information.

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Happy Trading!!!!

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