Best Swing Trading Stocks: Week of 08-05-2022

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

Let’s recap this week’s latest news. Aerial photograph of shipping containers at the harbor in Keelung, Taiwan. Data show that Taiwan depends more on China for trade than it does on the U.S. State of New Jersey Common Pension Fund D recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30. Warner Bros. Discovery is exploring launching a free, ad-supported streaming service, its chief executive said, the latest effort by a streaming giant to reach a broader audience as the competition for users intensifies.

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 PRPH, SKYW, and PBF in this category.

Stock Symbol Company Name Action
LBTYA Liberty Global plc Sell
BTU Peabody Energy Corporation Sell
PBF PBF Energy Inc. Hold
PRPH ProPhase Labs, Inc. Buy
SKYW SkyWest, 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.


PBF(PBF Energy Inc.): PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, and petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in the Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminal services, as well as pipeline transportation and storage services. As of December 31, 2021, the company owned and operated six oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.


SKYW(SkyWest, Inc.): SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company's fleet consisted of 629 aircraft; and provided scheduled passenger and air freight services with approximately 2,080 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean. In addition, it offers airport customer and ground handling services for other airlines. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. George, Utah.




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 $MED, $HTGM, $PCAR, $ASRT and $CVLG removed $ADTN, VRNOF, $PRPH, and $AGRX

Stock Symbol Company Name Action
MED Medifast, Inc. Sell
HTGM HTG Molecular Diagnostics, Inc Sell
PRPH ProPhase Labs, Inc. Sell
AGRX Agile Therapeutics, Inc. Sell
ADTN ADTRAN Holdings, Inc. Hold
VRNOF Verano Holdings Corp. Hold
PCAR PACCAR Inc Buy
ASRT Assertio Holdings, Inc. Buy
CVLG Covenant Logistics Group, Inc. Buy

 

PCAR(PACCAR Inc): PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs manufacture and distribute trucks for the over-the-road and off-highway hauling of commercial and consumer goods. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full service leasing operations under the PacLease trade name, as well as provides finance and leasing products and services to customers and dealers.


VRNOF(Verano Holdings Corp.): Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia. The company offers artisanal cannabis products under the Encore, Avexia, MUV, and Verano brands for medical and adult-use markets. As of May 10, 2022, it operated 96 retail dispensaries, and 13 cultivation and processing facilities. The company is headquartered in Chicago, Illinois.


ASRT(Assertio Holdings, Inc.): Assertio Holdings, Inc., a specialty pharmaceutical company, provides medicines in the areas of neurology, hospital, and pain and inflammation. Its pharmaceutical products include INDOCIN, an oral solution and a suppository form for the treatment of moderate to severe rheumatoid arthritis, including acute flares of chronic disease; ankylosing spondylitis and osteoarthritis; and acute painful shoulder and gouty arthritis. It also provides CAMBIA, a non-steroidal anti-inflammatory drug (NSAID) for the treatment of migraine, nausea, photophobia, and phonophobia; Zipsor, an NSAID for relief of mild to moderate acute pain; SPRIX, an NSAID for the short-term management of moderate to moderately severe pain that requires analgesia at the opioid level; and Otrexup, a single-dose auto-injector containing a prescription medicine and methotrexate that is used to treat adults with severe, active rheumatoid arthritis, and children with active polyarticular juvenile idiopathic arthritis.


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. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services to shuttling containers and trailers.


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(LBTYA, BTU, MED, HTGM, AGRX) 
  • HOLD(ADTN, VRNOF, PRPH, PBF)
  • BUY(PCAR, ASRT, SKYW, CVLG)

Stock Symbol Company Name Action
LBTYA Liberty Global plc Sell
BTU Peabody Energy Corporation Sell
MED Medifast, Inc. Sell
HTGM HTG Molecular Diagnostics, Inc Sell
AGRX Agile Therapeutics, Inc. Sell
ADTN ADTRAN Holdings, Inc. Hold
VRNOF Verano Holdings Corp. Hold
PRPH ProPhase Labs, Inc. Hold
PBF PBF Energy Inc. Hold
PCAR PACCAR Inc Buy
ASRT Assertio Holdings, Inc. Buy
SKYW SkyWest, Inc. Buy
CVLG Covenant Logistics Group, 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.

If you haven’t subscribed yet, please subscribe to our newsletter so you can get the updates delivered to your mailbox. Subscribe to our newsletter so you get notified when we publish our future article like this on every Friday about Best Stocks to Buy For Short term for Swing Trading with clear directions on Buy vs Hold vs Sell. We recommend to balance your swing trading StockXpo alert-based portfolio every Friday following our recommendations closely. All you need is half an hour to an hour of your time on Friday depending on how quickly you can execute these trades. Subscriber today, it’s absolutely free forever

Happy Trading!!!!

Leave a Reply

Your email address will not be published.

scroll to top