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!!!! At StockXpo.com, we call every Friday a Trading Friday for us and all our readers, as we await for it every week to update our watchlist which can help you balance your portfolio if you are following our strategies.

The market was going up and down this week.CNBC’s Jim Cramer said Thursday that it’s a mistake to dump stocks in reaction to the Federal Reserve’s decision to leave the interest rate unchanged. Nike Says Shipping Problems Hindered Sales.Nike said it is still experiencing the impact of the virus from safety-related measures and lockdowns in some regions. In addition, there is one more news to highlight that for FedEx, Covid-19 Pandemic keeps delivering profit. Yes, that’s true! FedEx Corp.’s quarterly profit nearly tripled and revenue jumped 23%, despite winter storms in the U.S. that disrupted its delivery operations and sapped its profit by $350 million.

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 $MSBI, $CUBI and $NMM. Please note that – compared to last week, we have removed $RCII.

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 on 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.

MSBI(Midland States Bancorp Inc)- Midland States Bancorp, Inc. is a bank holding company, which engages in the provision of commercial and consumer banking products and services through its subsidiary, Midland States Bank. It operates through the following segments: Banking; Wealth Management; Commercial Federal Housing Administration Origination and Servicing; and Other. The Banking segment offers financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Commercial Federal Housing Administration Origination and Servicing segment refers to the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities.

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.The company had gained 33.11% over the past month, outpacing the Transportation sector’s gain of 6.98% and the S&P 500’s gain of 1.32% in that time.Wall Street will be looking for positivity from NMM as it approaches its next earnings report date. On that day, NMM is projected to report earnings of $0.75 per share, which would represent a year-over-year decline of 32.43%. Our most recent consensus estimate is calling for quarterly revenue of $72.5 million, up 18.33% from the year-ago period.

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 $MVBF, $RBBN and $CTO. We have finally removed $OMI and $REI. 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.

RBBN(Ribbon Communications Inc)- Ribbon Communications, Inc. delivers communications software, IP and optical networking solutions to service providers, enterprises, and infrastructure sectors. It operates through the following segments: Cloud & Edge and IP Optical Networks. The Cloud and Edge segment provides secure and reliable software and hardware products, solutions, and services for enabling Voice over Internet Protocol (VoIP) communications, Voice over Long-Term Evolution (VoLTE) and Voice Over 5G (VoNR) communications, and Unified Communications and Collaboration (UC&C) within service provider and enterprise networks and from the cloud. The IP Optical Networks segment provides secure, and reliable hardware and software products solutions for IP networking, switching, routing, and optical transport designed to support and enable technologies like 5G, distributed cloud computing and corresponding applications by delivering ultra-low cost-per-bit transport and multi-service flexibility. The company was founded on May 19, 2017 and is headquartered in Plano, TX.

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

MVBF(MVB Financial Corp)- Investors might want to bet on MVB Financial, 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.The five-grade Rank system, which ranges from a Rank #1 (Strong Buy) to a  Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with  #1 Ranked stocks generating an average annual return of +25% since 2008.For the current quarter, the company is expected to earn $0.76 per share, which is a change of +850% from the year-ago reported number.

CTO(CTO Realty Growth Inc)- CTO Realty Growth, Inc. operates as a real estate company. It owns and manages commercial real estate properties. The company was founded in 1910 and is headquartered in Daytona Beach, FL.It was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $38.88 to $42.62 in the past one-month time frame. The company has seen one negative estimate revision in the past few weeks, while its Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

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 $BWFG, $SXC, $IMO and $ASYS from this strategy picks. We have added $OPBK, $HOPE, $TMST, $FI, $NMM, $ZEUS and $GRPN.

TMST(TimkenSteel Corp.)- TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. It includes special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultra premium technology, and TimkenSteel endurance steels. Its services include thermal treatment, value added components, technical support and testing, supply chain, and TimkenSteel portal. The company was founded on October 24, 2013 and is headquartered in Canton, OH.TimkenSteel was mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a  #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.

OPBK(OP Bancorp)- The proven Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks and it has recently announced a new share-repurchase plan. The board of directors has approved the repurchase of about 500,000 shares of the company’s common stock.The latest plan comes a few months after OP Bancorp’s previously-concluded share-buyback program. The company’s previous program was announced this February and was completed on May 1, 2020. This program included the repurchase of about 500,000 shares at an average price of $7.77 per share.

HOPE(Hope Bancorp Inc)- Hope Bancorp, Inc. is a bank holding company, which engages in the provision of financial services through its subsidiary, Bank of Hope. It offers core business banking products for small and medium-sized businesses and individuals. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credits card, and mortgage loans. The company was founded in February 2000 and is headquartered in Los Angeles, CA.

FI(Franks International NV)- Frank’s International NV engages in the provision of tubular services to oil and gas industries. It operates through the following four segments: Tubular Running Services, Tubulars and Cementing Equipment. The Tubular Running Services segment provides tubular services in international offshore markets and in several onshore international regions. The Tubulars segment designs, manufactures, and distributes large outside diameter (OD) pipe, connectors, casing attachments and sells large OD pipe originally manufactured by various pipe mills. The Cementing Equipment segment provides equipment to enhance the safety and efficiency of rig operations. The company was founded by Frank Mosing in 1938 and is headquartered in Den Helder, Netherlands.

ZEUS(Olympic Steel, Inc.)- Olympic Steel, Inc. engages in the processing, sale, and distribution of metal products. It operates through the following segments: Carbon Flat Products, Specialty Metals Flat Products and Tubular and Pipe Products. The Carbon Flat Products segment includes processed carbon and coated flat-rolled sheet; coil and plate products and fabricated parts. The Specialty Metals Flat Products segment comprises processed aluminium and stainless flat-rolled sheet and coil products; flat bar product and fabricated parts. The Tubular and Pipe Products segment covers metal tubing, pipe, bar, valves, and fittings and fabricated pressure parts. The company was founded by Sol Siegal and Sam Sigel in 1954 and is headquartered in Bedford Heights, OH.

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.Navios Maritime Partners is a member of our Transportation group, which includes 140 different companies and currently sits at #14 in the Sector Rank.The Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Rank of the individual stocks within the groups.

GRPN(Groupon Inc Common Stock)- Groupon, Inc. operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.It shares rallied 6.2% in the last trading session to close at $61.18. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock’s 54% gain over the past four weeks.Groupon extended its rally driven by continued optimism surrounding its pivot strategy and restructuring efforts to contain costs. The company also posted better-than-expected fourth-quarter 2020 results on Feb 25.

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!!!!