Hot Stocks to buy for Swing Trading for this week – Expert Stock Picks of the Week by StockXpo

The Stock Market was up this week. Let’s take a look at some of the top news of the week first. The popular online brokerage filed paperwork for its long-awaited initial public offering on Thursday. It indicated that it plans to keep 20 percent to 35 percent of its portfolio for its own clients… In addition, Stocks in the United States gained on Thursday, with the S&P 500 gaining for the sixth day in a row. The broad index rose 0.5 percent to a new high, closing at a new high. In 4 p.m. trade, the Dow Jones Industrial Average jumped 131 points, or 0.4 percent, to 34634, and the Nasdaq Composite gained 0.1 percent… This week, Oil prices soared ahead of a crucial OPEC meeting, where the group is likely to discuss how to fulfill rising demand from the developed world.

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  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 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 $SIG, $BNTX and $PTR

Please note that – compared to last week, we have not removed any stocks.

SIG(Signet Jewelers Ltd.)- Signet Jewelers Ltd. engages in the retail of diamond jewelry. It operates through the following business segments: North America, International, and Others. The North American segment operates jewelry stores in malls, mall-based kiosks, and off-mall locations throughout the U.S. and Canada. The International sells primarily in the UK and Ireland under the H. Samuel and Ernest Jones banners. The Other segment consists of activities related to purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.

BNTX(BioNTech SE)- BioNTech SE operates as a clinical-stage biotechnology company. It operates through the following business units: Biotech Business and External Services. The Biotech Business unit consists of Clinical, Technology Platform, and Manufacturing segments. It also includes business services operations. The External Services unit consists of the External Services segment, which includes activities related to the sale of diagnostic products, peptides, retroviral vectors for clinical supply, development, and manufacturing services. The company was founded by Christopher Huber, Ozlem Tureci, and Ugur Sahin on June 2, 2008, and is headquartered in Mainz, Germany.

PTR(PetroChina Co. Ltd.)- PetroChina Co. Ltd. engages in petroleum-related products, services, and activities. It operates through the following business segments: Exploration and Production; Refining and Chemicals; Marketing; Natural Gas and Pipeline; and Head Office and Other. The Exploration and Production segment involves exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment focuses on the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment includes marketing of refined products and the trading business. The Natural Gas and Pipeline segment comprises transmission of natural gas, crude oil, and refined products and the sale of natural gas.

StockXpo’s – ValueGrowth Strategy

As you know, this is more like Buffett’s Value Strategy, but our stock-picking criteria are 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. You may be surprised here but we are not changing our stock picks yet. These stocks still have a lot of potentials and so we are still holding on to them this week. So our picks are $GII, $SWBI, and $TLYS  in this category.

GIII(G-III Apparel Group Ltd.)- G-III Apparel Group Ltd. engages in the designs, sourcing, and marketing of women’s apparel. It operates through the Wholesale Operations and Retail Operations segments. The Wholesale Operations segment includes sales of products under brands licensed from third parties and sales of products under its own brands and private label brands, as well as sales related to the Vilebrequin business. The Retail Operations segment consists of direct sales to consumers through company-operated stores and product sales through its owned websites for the DKNY, Donna Karan, Wilsons Leather, G.H. Bass, and Karl Lagerfeld Paris businesses. Its products include outerwear, dresses, sportswear, swimwear, suits, performance wear, handbags, footwear, small leather goods, cold weather accessories, and luggage. The company was founded by Aron Goldfarb in 1974 and is headquartered in New York, NY.

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

SWBI(Smith & Wesson Brands Inc.)- Smith & Wesson Brands, Inc. is a holding company, which engages in the manufacture, design, and provision of firearms. It operates through the Firearms and Outdoor Products & Accessories segments. The Firearms segment comprises the manufacture of handguns, long guns, handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers. The Outdoor Products & Accessories segment engages in the distribution, manufacture, and design of reloading, gunsmithing, and gun cleaning supplies; stainless-steel cutting tools and accessories; flashlights; tree saws and related trimming accessories; shooting supplies, rests, and other related accessories; apparel; vault accessories; laser grips and laser sights; and a full range of products for survival and emergency preparedness. The company was founded by Michell A. Saltz on June 17, 1991, and is headquartered in Springfield, MA.

TLYS(Tilly’s Inc.)- Tilly’s, Inc. engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA. A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. TLYS is quite a good fit in this regard, gaining 28.7% over this period. However, it’s not enough to look at the price change for around three months, as it doesn’t reflect any trend reversal that might have happened in a shorter time frame. It’s important for a potential winner to maintain the price trend. A price increase of 38% over the past four weeks ensures that the trend is still in place for the stock of this clothing and accessories retailer.

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 removed $SALM, $LX, $CONN, $BBBY & $JAKK.  from this list and added  $USCR, $CMLS, $GCO, $TLYS, $SIG, $PANL, $CVA.

USCR(U.S. Concrete Inc.)- U.S. Concrete, Inc. engages in the production of ready-mixed concrete. It operates through Ready-mixed Concrete and Aggregate Products segments. The Ready-Mixed Concrete segment focuses on the formulation, preparation, and delivery of ready-mixed concrete to the job sites of customers. The Aggregate Products segment produces crushed stone, sand and gravel from aggregates facilities located in New Jersey and Texas, Oklahoma, United States, Virgin Islands, and British Columbia, Canada. The company was founded in July 1997 and is headquartered in Euless, TX.

CMLS(Cumulus Media Inc.)- Cumulus Media, Inc. engages in the business of radio broadcasting. It operates through the following segments: Radio Station Group, Westwood One, and Corporate and Other. The Radio Station Group segment includes the sale of broadcasting time to local, regional, and national advertisers. The Westwood One segment covers the revenues generated through network advertising. The Corporate and Other segment consists of the overall executive, administrative, and support functions for each of the company’s reportable segments, including finance and administration, legal, human resources and information technology functions. The company was founded in 2018 and is headquartered in Atlanta, GA.

GCO(Genesco Inc.)- Genesco, Inc. engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment comprises the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail stores, catalog, and e-commerce operations. The Schuh Group segment includes Such retail footwear chain and e-commerce operations. The Johnston & Murphy Group segment covers Johnston & Murphy retail operations, e-commerce and catalog operations, and wholesale distribution. The Licensed Brands segment comprises Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company, SureGrip Footwear, occupational footwear primarily sold directly to consumers and other footwear brands. The company was founded in 1924 and is headquartered in Nashville, TN.

TLYS(Tilly’s Inc.)- Tilly’s, Inc. engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA. A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. TLYS is quite a good fit in this regard, gaining 28.7% over this period.

However, it’s not enough to look at the price change for around three months, as it doesn’t reflect any trend reversal that might have happened in a shorter time frame. It’s important for a potential winner to maintain the price trend. A price increase of 38% over the past four weeks ensures that the trend is still in place for the stock of this clothing and accessories retailer.

SIG(Signet Jewelers Ltd.)- Signet Jewelers Ltd. engages in the retail of diamond jewelry. It operates through the following business segments: North America, International, and Others. The North American segment operates jewelry stores in malls, mall-based kiosks, and off-mall locations throughout the U.S. and Canada. The International sells primarily in the UK and Ireland under the H. Samuel and Ernest Jones banners. The Other segment consists of activities related to purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.

PANL(Pangaea Logistics Solutions Ltd.)- Pangaea Logistics Solutions Ltd. engages in the provision of seaborne dry bulk logistics and transportation services to industrial customers worldwide. It operates through the following segments: Supramax, Ultramax, Panamax, and Handymax vessels. The company was founded by Edward Coll, Carl Claus Boggild, and Anthony Laura on April 29, 2014, and is headquartered in Newport, RI.

CVA(Covanta Holding Corp.)- Covanta Holding Corp. engages in the operation and ownership of infrastructure for the conversion of waste to energy, related waste transport and disposal, and other renewable energy production businesses. It operates large-scale energy-from-waste and renewable energy projects. The company was founded on April 16, 1992, and is headquartered in Morristown, NJ.

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 queries and information.

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Happy Trading!!!!