Hot Stock Watchlist for Swing Trading Today – Expert Stock Picks of the Week by StockXpo

Hello to all our readers including Traders, Investors, Analysts and others!!!! We got some bad news that Jobless claims remained above the pre-coronavirus pandemic peak of 695,000. New applications for unemployment benefits rose to 861,000 last week, halting a downward trend that had pointed to an improving labor market. Economists had expected to decline in the claims.The S&P 500 dropped 0.8%, while the Dow Jones Industrial Average fell 0.7%. The technology-heavy Nasdaq Composite continued its tumble from Wednesday, declining 1.1%.

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 pick ideal stocks which are 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. $PRTY , $TSE and $CLF. Please note that – compared to last week, we have removed $AOSL ,$AVNW and $NMM.

PRTY(Party City Holdco Inc)- Party City Holdco, Inc. engages in the provision of supply of decorated party goods. It operates through the Wholesale, and Retail segments. The Wholesale segment designs, manufactures, contracts for manufacture, and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, and stationery throughout the world. The Retail segment focuses on specialty retail party supply stores in the United States and Canada, principally under the names Party City, and Halloween City. The company was founded in 1947 and is headquartered in Elmsford, NY.

TSE(Trinseo S.A.)- Trinseo SA engages in the manufacture and marketing of synthetic rubber, latex binders and plastics. It operates through the following segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, Americas Styrenics, and Corporate. The Latex Binders segment produces styrene-butadiene latex and other latex polymers and binders, primarily for coated paper and packaging board, carpet and artificial turf backings. The Synthetic Rubber segment focuses on the production of synthetic rubber products used predominantly in tires, impact modifiers, and technical rubber products. The Performance Plastics segment includes a variety of compounds and blends. The Polystyrene segment comprises general purpose polystyrene and polystyrene that has been modified with polybutadiene rubber to increase its impact resistant properties.

CLF(Cleveland-Cliffs Inc)-Cleveland-Cliffs, Inc. is an iron ore mining company. It supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. It operates through the following segments: Mining & Pelletizing and Metallics. The Mining & Pelletizing segment owns operational iron ore mines plus an indefinitely idled mine. The Metallics segment constructs an HBI production plant in Toledo, Ohio. The company was founded in 1847 and is headquartered in Cleveland, OH.Our research shows that these estimated changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Rank. This model considers these estimate changes and provides a simple, actionable rating system.

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 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. Our Stock Picks for this week are $ACCO, $PERI and $BPOP. We have finally removed $CALX, $ARLP and $GFN. Regardless of fall of the stock market due to COVID-19 fears, we have still booked some profit before they are wiped out from these stocks.

ACCO(ACCO Brands Corporation)- ACCO Brands Corp. engages in the manufacture and marketing of office, school, calendar products, and select computer and electronic accessories. It operates through the following segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The ACCO Brands North America segment includes the U.S. and Canada operations, wherein it manufactures, sources, and sells traditional office products, school supplies, and calendar products. The ACCO Brands EMEA segment deals with the design, sourcing, and distribution of storage and organization products, stapling, punching, laminating, binding and shredding products, do-it-yourself tools, and computer accessories in Europe, the Middle East, and Africa. The ACCO Brands International segment refers to the operations from the rest of the world, primarily Australia/New Zealand, Latin America, and Asia-Pacific The company was founded by Fred J. Kline in 1903 and is headquartered in Lake Zurich, IL.

Don’t miss: Hot Stock Watchlist for Swing Trading Today – Expert Stock Picks of the Week by StockXpo

PERI(Perion Network Ltd Common Stock)- Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. It offers the following business solutions: Undertone, which connects brands to consumers using engaging creatives; Code Fuel, which enables developers to optimize search traffic and generate incremental revenue; MakeMeReach, an automated social management platform that help ad performance across Facebook, Twitter, Instagram, and Snapchat; and Smilebox, a desktop and mobile applications. The company was founded by Ofer Adler and Yaron Adler in November 1999 and is headquartered in Holon, Israel.

BPOP(Popular Inc)- Popular, Inc. is a holding company, which engages in the provision of banking and financial services. It operates through the Banco Popular de Puerto Rico and Popular U.S. segments. The Banco Popular de Puerto Rico segment includes retail, mortgage, and commercial banking services through banking subsidiaries. The Popular U.S. segment represents operations of the retail branch network in the U.S. mainland under the name of Popular. The company was founded on October 5, 1893 and is headquartered in San Juan, Puerto Rico.

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 TechFund (TAFA) strategy. Just like other strategies, we pick these companies here for weekly based swing trade recommendations. 

Please note that we have removed $HIMX, $FLL, $CCS, $TROX, $AVID, $VIVO and $AVNW from this strategy picks. We have added $VCEL, $ORGO, $CLF, $KLXE, $NMM, $LNVGY  and $SONM.

VCEL(Vericel Corp):-Vericel Corp. engages in the research, product development, manufacture, and distribution of patient-specific, expanded cellular therapies for use in the treatment of patients with diseases. Its product portfolio includes MACI and Epicel. The MACI portfolio is FDA-approved product that applies the process of tissue engineering to grow cells on scaffolds using healthy cartilage tissue from the patient’s own knee. The Epicel portfolio provides skin replacement for patients who have deep dermal or full thickness burns. The company was founded on March 24, 1989 and is headquartered in Cambridge, MA.

ORGO(Organogenesis Holdings Inc)-Organogenesis Holdings, Inc. is a regenerative medical company. It focuses on the development, manufacture and commercialization of product solutions for the advanced wound care, surgical and sports medicine markets. The company was founded in 1985 and is headquartered in Canton, MA.Investors might want to bet on Organogenesis , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.

CLF(Cleveland-Cliffs Inc)– Cleveland-Cliffs, Inc. is an iron ore mining company. It supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. It operates through the following segments: Mining & Pelletizing and Metallics. The Mining & Pelletizing segment owns operational iron ore mines plus an indefinitely idled mine. The Metallics segment constructs an HBI production plant in Toledo, Ohio. The company was founded in 1847 and is headquartered in Cleveland, OH.Our research shows that these estimated changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Rank. This model considers these estimate changes and provides a simple, actionable rating system.

KLXE(KLX Energy Services Holdings Inc):- KLX Energy Services Holdings, Inc. engages in the provision of completion, intervention and production services and products to onshore oil and gas producing regions. It operates through the following geographical segments: Southwest, Rocky Mountains and Northeast. The company was founded in 2018 and is headquartered in Wellington, FL.With scaled down upstream investment, the existing oilfield services companies are fighting hard for the available funds. As a result, intensified competition in the domestic market has left limited room for oilfield services providers to charge premium prices for the services being offered. Moreover, the slowdown of demand for pressure pumping services in the U.S. shale plays last year has marred several companies’ prospects.

NMM(Navios Maritime Partners L.P.)- Navios Maritime Partners LP engages in owning and operating dry cargo and container vessels. It engages in the seaborne transportation services of dry cargo commodities including iron ore, coal, grain and fertilizer and also containers, chartering its vessels. Navios Maritime Partners was founded on August 7, 2007 and is headquartered in Monte Carlo, Monaco.Another notable valuation metric for NMM is its P/B ratio of 0.24. The P/B ratio is used to compare a stock’s market value with its book value, which is defined as total assets minus total liabilities. This stock’s P/B looks attractive against its industry’s average P/B of 0.44. Over the past year, NMM’s P/B has been as high as 0.24 and as low as 0.06, with a median of 0.11.

LNVGY(Lenovo Group Limited)- Lenovo Group Ltd. is an investment holding company, which engages in the developing, manufacturing, and marketing technology products and services. Its products include personal computers, workstations, servers, storage, smart televisions, and mobile products such as smartphones, tablets, and applications. The company was founded in 1984 and is headquartered in Hong Kong.Lenovo Group is one of 629 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Sector Rank. The  Sector Rank considers 16 different sector groups

SONM(Sonim Technologies Inc)- Sonim Technologies, Inc. engages in the design and manufacture of mission-critical smart phone-based solutions for workers in extreme, hazardous, and isolated environments. Its products include ultra-rugged mobile phones, business process applications, and a suite of industrial-grade accessories. The company was founded by Ram Chandran, Isaac Eteminan, Anush Gopalan, Jai Kumar, Sudu Srinivasan, and Joakim Wiklund on August 5, 1999 and is headquartered in Austin, 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!!!!