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

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

This week has brought some notable developments in the business and finance world, with several major players weighing in on the state of the market and the economy.

One of the most notable events of the week was the latest meeting of Jim Cramer's Investing Club. According to reports, the club advised investors to be selective when buying in the current market. While the stock market has been volatile in recent months, there are still opportunities for investors who are willing to do their homework and choose their investments carefully.

At the same time, there have been some significant moves in the after-hours trading of several major companies. Among the most notable movers were Block, Carvana, and Boeing. These companies saw significant changes in their stock prices following the release of earnings reports or other major news. Investors who are paying close attention to the market may be able to capitalize on these fluctuations to make smart investments.

However, it's important to keep in mind that investing wisely requires more than just reacting to the latest headlines. As Jamie Dimon, the CEO of JPMorgan Chase, noted this week, the Federal Reserve is still grappling with inflation. While the U.S. economy has shown signs of strength in recent months, the Fed has had a difficult time controlling inflation levels. This is an ongoing issue that investors will need to monitor carefully as they make their investment decisions.

It's worth noting that inflation is a complicated issue with many moving parts. Some economists argue that inflation is being driven by factors like supply chain disruptions, while others point to more fundamental changes in the global economy. Whatever the underlying causes may be, it's clear that inflation is a major concern for investors and policy makers alike.

Despite these challenges, there are still many reasons for investors to be optimistic about the future. As we've seen in recent years, the market has a way of bouncing back from even the most challenging economic conditions. With careful planning, disciplined investing, and a willingness to take calculated risks, investors can position themselves for success in any market.

Of course, no one can predict the future with certainty. That's why it's important for investors to have a solid understanding of the market and the economy, as well as a well-defined strategy for achieving their investment goals. By keeping up with the latest news and trends in the business world, and by working with knowledgeable advisors and brokers, investors can make smart decisions that will help them achieve long-term success.

If you are a regular reader, you may be already aware, that 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 every week, 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. 

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 $TMHC, $YY, and $NAVI  in this category.

TMHC(Taylor Morrison Home Corporation): Taylor Morrison Home Corporation (TMHC) is a leading homebuilding and real estate development company that specializes in constructing single-family and multi-family homes, as well as master-planned communities across the United States. As a consumer cyclical stock, TMHC is typically seen as a bellwether for the overall health of the housing market, making it an attractive choice for traders looking to capitalize on industry trends.

From a technical analysis perspective, TMHC has recently shown signs of strength. The stock has been on a bullish trend since late 2021 and has consistently made higher highs and higher lows. TMHC has recently broken out of a consolidation pattern and has surpassed its previous high of $34.25. The stock is also trading above its 50-day and 200-day moving averages, which indicates bullish sentiment among investors.

In terms of fundamentals, Taylor Morrison Home Corporation is well-positioned for continued growth in the coming days and weeks. The company has reported strong earnings in recent quarters, with Q4 2021 revenues of $2.2 billion, up 18% from the same period in the previous year. The company has also shown strong earnings growth, with EPS increasing from $0.55 in 2020 to $4.20 in 2021.

Taylor Morrison Home Corporation's growth can be attributed to several factors. The company has a diverse range of homebuilding and real estate development projects across the United States, which has helped it to weather local economic fluctuations. Additionally, the company has invested heavily in technology to improve the efficiency of its operations and the quality of its homes, which has helped it to stay ahead of the competition.

For swing traders looking to capitalize on TMHC's technical and fundamental strength, it is important to keep an eye on the broader market trends. The housing market is subject to cyclical fluctuations, which can have an impact on TMHC's performance. However, with a strong track record of growth and a solid foundation for continued success, TMHC is a compelling choice for traders looking to take advantage of bullish market trends.

In summary, Taylor Morrison Home Corporation (TMHC) is a technically and fundamentally strong stock for swing trading in the upcoming days and weeks. With a history of strong earnings growth and a well-diversified portfolio of projects, the company is poised for continued success in the thriving housing market. Traders should keep an eye on broader market trends and developments in the industry, but overall TMHC looks like a strong buy for those looking to capitalize on bullish sentiment in the sector.

YY(JOYY Inc.): JOYY Inc. (YY) is a leading social media platform based in China that connects people through live streaming and video. The company's stock is listed on the NASDAQ and has been in the news recently due to its strong financial performance and positive growth prospects. In this article, we will discuss why JOYY Inc. is a strong stock for swing trading in the upcoming days or weeks.

JOYY Inc. has a market capitalization of around $3.9 billion, which makes it a mid-cap stock. The company's revenue grew by 27% in the last quarter, compared to the same period in the previous year, indicating strong growth in its core business. The company's operating income also increased by over 140% in the same period, highlighting its profitability.

Additionally, JOYY Inc. has a forward P/E ratio of 12.42, which is relatively low compared to the industry average of 25.41. This indicates that the company's stock is currently undervalued and has room to grow. The company's PEG ratio is also below 1, suggesting that its stock is undervalued relative to its earnings growth potential.

Furthermore, JOYY Inc. has a strong balance sheet with over $1.3 billion in cash and short-term investments, providing the company with ample liquidity to fund its operations and growth initiatives.

From a technical analysis standpoint, JOYY Inc. stock has shown strength in recent weeks. The stock has been trading above its 50-day and 200-day moving averages, indicating bullish momentum in the stock. Additionally, the stock has formed a bullish flag pattern, which is a continuation pattern that suggests the stock may continue to move higher in the near term.

Moreover, the Relative Strength Index (RSI) for JOYY Inc. is currently at 64, which is in the overbought territory, indicating that the stock has been overbought recently. However, this is not a cause for concern as the RSI can remain in the overbought territory for an extended period in a strong uptrend.

Swing Trading Opportunity:

Given the strong fundamentals and technicals of JOYY Inc. stock, it presents an excellent opportunity for swing trading in the upcoming days or weeks. Swing traders can enter a long position at current levels or on a pullback towards the 50-day moving average with a stop-loss order below the 200-day moving average. Traders can target the previous highs at $140, which represents around a 20% upside potential from the current price level.

In conclusion, JOYY Inc. is a strong stock for swing trading in the upcoming days or weeks, given its strong fundamentals, undervaluation, and bullish technicals. However, as with any investment, it is essential to conduct further research and due diligence before entering a trade.

NAVI(Navient Corporation): Navient Corporation: A Potentially Strong Swing Trading Opportunity in the Financial Services Sector

Navient Corporation (NAVI) is a leading provider of financial services that help consumers and businesses navigate the complex world of finance. The company's services include student loan servicing, asset recovery, and business processing solutions. With its expertise in these areas, Navient has built a reputation as a reliable and trusted partner for its clients.

In recent months, Navient has shown strong technical and fundamental indicators that suggest it could be a potentially profitable swing trading opportunity. Here's why:

The stock's technical chart shows a bullish trend with the stock trading above the 50-day and 200-day moving averages. Additionally, the Relative Strength Index (RSI) is hovering around 50, indicating a balanced market between buyers and sellers.

Navient's financial performance is impressive. In Q4 2021, the company reported total revenue of $314 million, which represents a year-over-year increase of 1.3%. Its earnings per share (EPS) came in at $0.88, exceeding the consensus estimate by $0.16. Furthermore, Navient's operating margin of 33.6% is well above the industry average, indicating efficient cost management.

The company's strong financials are a result of its strategic initiatives. Navient has focused on expanding its customer base and improving its product offerings. In 2021, the company announced a partnership with Ally Financial to provide private student loans, which should drive revenue growth in the coming quarters.

Overall, Navient Corporation (NAVI) is a potentially strong swing trading opportunity in the financial services sector. Its technical chart suggests a bullish trend, and its strong financial performance indicates efficient cost management and revenue growth potential. With the recent partnership with Ally Financial and its reputation as a reliable financial services provider, Navient is poised for potential gains in the upcoming days or weeks. However, as with any investment, it is important to conduct thorough research and analysis before making a trading decision.

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.

We have added it from this list $BLBD,$CASH,$TEX,$OSUR,$EGHT,$RBBN,$RMTI Removed  $CCO,$WNC,$STRL,$BHF,$PARR,$CNTY

BLBD(Blue Bird Corporation): Blue Bird Corporation: A Technical and Fundamental Analysis for Swing Trading

Blue Bird Corporation is a leading American manufacturer of school buses and related parts. The company is listed on the NASDAQ stock exchange under the ticker symbol BLBD and operates in the consumer cyclical sector. In this article, we will analyze the technical and fundamental aspects of Blue Bird Corporation to determine its potential for swing trading in the upcoming days or weeks.

The technical analysis of Blue Bird Corporation shows a bullish trend. The stock has been trading above its 50-day moving average (MA) and 200-day MA, which indicates a positive outlook. Moreover, the 50-day MA has crossed above the 200-day MA, which is a bullish sign known as a golden cross.

The Relative Strength Index (RSI) of BLBD is currently at 58.74, which suggests a neutral outlook. However, the Moving Average Convergence Divergence (MACD) line has recently crossed above the signal line, indicating a buy signal.

In addition, the stock has a support level of $21.50 and a resistance level of $28.50. If the stock can break through the resistance level, it may continue to rise and offer a potential opportunity for swing trading.

The fundamental analysis of Blue Bird Corporation is also positive. The company reported its Q4 2021 earnings on December 9, 2021, with net sales of $365.2 million, up 43.2% from the previous year. The company's adjusted EBITDA was $36.8 million, up 132.6% from the previous year.

Furthermore, Blue Bird Corporation has a forward P/E ratio of 9.44, which is lower than the industry average of 14.59. This indicates that the stock is undervalued and has potential for growth.

Blue Bird Corporation has a market capitalization of $615.51 million and has a dividend yield of 1.34%. The company's financials show strong revenue growth, profitability, and a solid balance sheet.

Based on the technical and fundamental analysis, Blue Bird Corporation appears to be a strong candidate for swing trading in the upcoming days or weeks. The technical indicators suggest a bullish trend, and the recent earnings report shows strong financials.

Investors should keep an eye on the resistance level of $28.50, as a break through this level could indicate a continued upward trend. Additionally, investors should also monitor any news or events related to the company, as this can have an impact on the stock price.

Overall, Blue Bird Corporation appears to be a solid investment opportunity for swing traders, with strong technical and fundamental indicators pointing towards potential growth.

CASH(Pathward Financial, Inc.): Pathward Financial, Inc. (CASH) is a financial services company that has recently been showing promising technical and fundamental indicators for swing trading.

From a technical standpoint, CASH has been trending upwards since mid-2020 and has recently broken through key resistance levels. The stock has also been trading above its 50-day and 200-day moving averages, indicating strong bullish momentum. The Relative Strength Index (RSI) is currently in a bullish range, suggesting that the stock may have more room to run in the near future.

From a fundamental perspective, CASH has been showing strong financial performance in recent quarters. The company reported better-than-expected earnings for the third quarter of 2021, with revenue increasing by 19% year-over-year. CASH has also been making strategic acquisitions to expand its services, including the recent purchase of Scivantage, a provider of technology solutions for the financial services industry.

Additionally, CASH has a solid balance sheet with low debt and a high current ratio, indicating strong liquidity. The company has a forward P/E ratio of 9.16, which is below the industry average, making it an attractive option for value investors.

Overall, CASH has strong technical and fundamental indicators that suggest it may be a good option for swing traders in the upcoming days or weeks. However, it's important to note that swing trading comes with inherent risks and should be done with caution. Traders should do their own research and consult with a financial advisor before making any investment decisions.

TEX(Terex Corporation): Terex Corporation (TEX) is a global manufacturer of machinery and equipment for construction, mining, and other industries. In this article, we will analyze the technical and fundamental strengths of TEX and why it could be a good option for swing trading in the upcoming days or weeks.

From a technical analysis standpoint, TEX appears to be in a bullish trend. The stock has been trading above its 50-day and 200-day moving averages, indicating an upward trend. Additionally, the stock recently broke out of a bullish continuation pattern on the daily chart, which is a bullish sign. The Relative Strength Index (RSI) is currently around 60, indicating a slightly bullish stance. Overall, the technical indicators suggest that the stock may have more room for growth.

From a fundamental analysis standpoint, Terex Corporation has a strong track record of financial performance. The company reported strong financial results in its most recent quarterly report, with revenues growing by 20.8% YoY. The company's net income also increased significantly, with a growth rate of 373.7% YoY. These strong financial results reflect the company's ability to grow its business and improve its financial performance.

Additionally, Terex Corporation has a diversified product portfolio that is well-positioned to benefit from the ongoing economic recovery. As construction and mining activities continue to pick up, the demand for the company's products and services could increase, leading to higher revenue growth.

Moreover, the company has made strategic acquisitions to expand its product portfolio and geographic reach. For example, in March 2021, the company acquired the assets of Keystone Pacific, a distributor of construction equipment in the Western United States. This acquisition could potentially increase the company's market share in the region and drive future growth.

In conclusion, the technical and fundamental strengths of TEX make it a potentially strong option for swing traders in the upcoming days or weeks. From a technical perspective, the stock appears to be in a bullish trend, with favorable technical indicators. The fundamental analysis indicates that the company is well-positioned to benefit from the ongoing economic recovery, with strong financial results and strategic acquisitions to drive future growth. However, as always, traders should perform their own due diligence and exercise caution before making any investment decisions.

OSUR(OraSure Technologies, Inc.): OraSure Technologies, Inc. (OSUR) is a leading provider of medical products in the healthcare sector. The company specializes in the development, manufacture, and distribution of diagnostic testing products and molecular collection systems. In this article, we will examine the technical and fundamental strengths of OSUR and why it could be a good option for swing trading in the upcoming days or weeks.

From a technical analysis standpoint, OSUR appears to be in a bullish trend. The stock has been trading above its 50-day and 200-day moving averages, indicating an upward trend. Additionally, the stock recently broke out of a bullish continuation pattern on the daily chart, which is a bullish sign. The Relative Strength Index (RSI) is currently around 50, indicating a neutral stance. Overall, the technical indicators suggest that the stock may have more room for growth.

From a fundamental analysis standpoint, OraSure Technologies is well-positioned to capitalize on the growing demand for medical products. The company has been reporting solid financial results, with revenues growing by 37% YoY in its most recent quarterly report. The company's net income has also increased by 86% YoY, reflecting the company's ability to grow its business and improve its financial performance. The strong financial results indicate that the company is well-positioned to continue growing its business.

Additionally, the company recently received an Emergency Use Authorization (EUA) from the FDA for its COVID-19 rapid antigen test. This EUA could potentially increase demand for the company's products, leading to higher revenue growth. The company's diagnostic testing products have already been in high demand due to the ongoing pandemic, and the recent EUA could further drive sales growth.

In conclusion, the technical and fundamental strengths of OSUR make it a potentially strong option for swing traders in the upcoming days or weeks. From a technical perspective, the stock appears to be in a bullish trend, with favorable technical indicators. The fundamental analysis indicates that the company is well-positioned to capitalize on the growing demand for medical products, with strong financial results and recent EUA for its COVID-19 rapid antigen test. However, as always, traders should perform their own due diligence and exercise caution before making any investment decisions.

RMTI(Rockwell Medical, Inc.): The medical products sector has been attracting investors due to the ongoing demand for healthcare products and services. One company that has caught the attention of swing traders is Rockwell Medical, Inc., with the ticker symbol RMTI. In this article, we will analyze the technical and fundamental strengths of RMTI and why it could be a good option for swing trading in the upcoming days or weeks.

From a technical analysis standpoint, RMTI is showing some bullish signals for swing traders. The stock's price has recently broken out of a descending wedge pattern on the daily chart, which is a bullish sign. Additionally, the stock has been trading above its 50-day and 200-day moving averages, indicating an upward trend. The relative strength index (RSI) is at a healthy level of around 60, indicating that the stock is neither overbought nor oversold. Overall, the technical indicators are favorable for swing traders looking to enter a long position on RMTI.

From a fundamental analysis standpoint, Rockwell Medical is well-positioned to capitalize on the growing demand for medical products. The company specializes in the development and commercialization of innovative therapeutic products for patients with kidney disease. Its products include dialysate concentrates and iron replacement therapies. The demand for these products has been growing, as more people are diagnosed with chronic kidney disease.

Furthermore, the company has been reporting solid financial results, with revenues growing by 33% YoY in its most recent quarterly report. The company's net loss has also decreased by 15% YoY, indicating that the company is making progress towards profitability. The strong financial results reflect the company's ability to grow its business and improve its financial performance.

In conclusion, the technical and fundamental strengths of RMTI make it a potentially strong option for swing traders in the upcoming days or weeks. From a technical perspective, the stock is showing bullish signals, including a breakout from a descending wedge pattern and an upward trend. The fundamental analysis indicates that the company is well-positioned to capitalize on the growing demand for medical products, with solid financial results reflecting its ability to grow its business and improve its financial performance. However, as always, traders should exercise caution and perform their own due diligence before making any investment decisions.

EGHT(8×8, Inc.): In the fast-paced world of internet software, companies are striving to meet the growing demands of businesses and consumers. One such company that has caught the attention of swing traders is 8×8, Inc., with the ticker symbol EGHT. In this article, we will analyze the technical and fundamental strengths of EGHT and why it could be a good option for swing trading in the upcoming days or weeks.

From a technical analysis standpoint, EGHT is showing promising signs for swing traders. The stock's price has been on an uptrend, with higher highs and higher lows forming on the daily chart. Additionally, the stock has recently broken out of a bullish flag pattern, which is a bullish sign for traders. The relative strength index (RSI) is at a healthy level of around 60, indicating that the stock is neither overbought nor oversold. The moving averages, including the 50-day moving average (MA) and 200-day MA, are both pointing upward, providing further bullish signals. Overall, the technical indicators are favorable for swing traders looking to enter a long position on EGHT.

From a fundamental analysis standpoint, 8×8, Inc. is well-positioned to capitalize on the growing demand for internet software. The company provides a suite of cloud-based unified communications and collaboration solutions to businesses of all sizes. Its products include video conferencing, contact center, and analytics software. The demand for these solutions has been growing, as more businesses are adopting remote working and digital collaboration tools.

Furthermore, the company has been reporting strong financial results, with revenues growing by 16% YoY in its most recent quarterly report. The company's net income also increased by 69% YoY. The strong financial results reflect the company's ability to adapt to changing market conditions and grow its business.

In conclusion, the technical and fundamental strengths of EGHT make it a strong option for swing traders in the upcoming days or weeks. From a technical perspective, the stock is showing promising signs, including an uptrend and a breakout from a bullish flag pattern. The fundamental analysis indicates that the company is well-positioned to capitalize on the growing demand for internet software. The company's strong financial results also reflect its ability to adapt to changing market conditions and grow its business. As always, traders should exercise caution and perform their own due diligence before making any investment decisions.

RBBN(Ribbon Communications Inc): In today's technology-driven world, communication plays a crucial role in keeping the business world moving. The Communication Network Software sector has been in the limelight, and the stock of Ribbon Communication, with the ticker symbol RBBN, has caught the attention of swing traders. In this article, we will analyze the technical and fundamental strengths of RBBN and why it could be a good option for swing trading in the upcoming days or weeks.

From a technical analysis standpoint, RBBN is showing promising signs for swing traders. The stock's price has been on an uptrend, with a bullish flag pattern forming on the daily chart. Additionally, the stock has recently broken out of a descending triangle pattern, which is a bullish sign for traders. The relative strength index (RSI) is at a healthy level of around 60, indicating that the stock is neither overbought nor oversold. The moving averages, including the 50-day moving average (MA) and 200-day MA, are both pointing upward, providing further bullish signals. Overall, the technical indicators are favorable for swing traders looking to enter a long position on RBBN.

From a fundamental analysis standpoint, Ribbon Communication is well-positioned to capitalize on the growing demand for communication network software. The company provides real-time communications software solutions to service providers, enterprises, and critical infrastructure sectors. Its portfolio includes cloud communications, security, and analytics software. The demand for these solutions has been growing, as more businesses are adopting remote working and cloud-based services.

Furthermore, the company has been reporting solid financial results, with revenues growing by 10% YoY in its most recent quarterly report. The company's net income also increased by 52% YoY. The strong financial results reflect the company's ability to navigate challenging market conditions and grow its business.

In conclusion, the technical and fundamental strengths of RBBN make it a strong option for swing traders in the upcoming days or weeks. From a technical perspective, the stock is showing promising signs, including a bullish flag pattern and a breakout from a descending triangle pattern. The fundamental analysis indicates that the company is well-positioned to capitalize on the growing demand for communication network software. The company's solid financial results also reflect its ability to navigate challenging market conditions and grow its business. As always, traders should exercise caution and perform their own due diligence before making any investment decisions.

StockXpo's Diversification Strategy

Companies often consider 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(CCO,WNC,STRL,BHF,KGC,PARR,CNTI,META)
• HOLD(RMTI,YY)
• BUY(BLBD,TMHC,NAVI,CASH,TEX,OSUR,EGHT,RBBN)

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!!!!