Hot Stocks to buy for Swing Trading for this week – Expert Stock Picks of the Week by StockXpo - Stockxpo - Grow more with Investors, Traders, Analyst and Research

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!!!! 

Stocks in the United States rose slightly, putting Wall Street indexes on track to recoup some of Wednesday's losses, while oil prices remained near recent highs. The S&P 500 was up 0.4 percent in early trading on Thursday. The Nasdaq Composite Index gained 0.5 percent, while the Dow Jones Industrial Average gained 0.3 percent or around 100 points. On Wednesday, US stocks fell while oil prices rose. The majority of the losses experienced by European market indexes since Russian President Vladimir Putin launched soldiers into Ukraine have been recouped. This does not necessarily imply that traders are upbeat. One of the simplest methods to figure out where a ride is going is to look at where its driver has been. According to the Wall Street Journal, Uber Technologies has reached an agreement to include all New York City cabs on its app. This will not be a one-off collaboration: Uber stated during its investor day last month that its objective was to get every taxi in the globe on its app by 2025.

If you are a regular reader, you may be already aware, we recommend 10-12 stocks in 3 different categories –  1. ValueGrowth , 2. TechFund & 3. Diversification, 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 $VALE and $BELFB   in this category.

Stock Symbol Company Name Action
QDEL Quidel Corporation Sell
AMN AMN Healthcare Services, Inc. Sell
BELFB Bel Fuse Inc. Hold
VALE Vale S.A. Buy

VALE(Vale S.A.): Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services. The Base Metals segment produces and extracts nickel and its by-products, such as gold, silver, cobalt, precious metals, and others, as well as copper. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009.


BELFB(Bel Fuse Inc.): Bel Fuse Inc. designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally. It offers magnetic products, such as integrated connector modules; power transformers.




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 $ASIX, $FLR, $SPTN, $TWI, $AMR, $SLCA, $RYI removed $MRC, $CIVI, $OAS, $SM, $CLH

Stock Symbol Company Name Action
MRC MRC Global Inc. Sell
CIVI Civitas Resources, Inc. Sell
OAS Oasis Petroleum Inc. Sell
SM SM Energy Company Sell
CLH Clean Harbors, Inc. Sell
ASIX AdvanSix Inc. Hold
FLR Fluor Corporation Hold
SPTN SpartanNash Company Buy
TWI Titan International, Inc. Buy
AMR Alpha Metallurgical Resources, Inc. Buy
SLCA U.S. Silica Holdings, Inc. Buy
RYI Ryerson Holding Corporation. Buy

 

ASIX(AdvanSix Inc.):AdvanSix Inc. manufactures and sells polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals


FLR(Fluor Corporation): Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources. It also provides consulting services


SPTN(SpartanNash Company): SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 65,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, foodservice distributors, e-commerce providers, and corporate-owned retail stores. This segment also offers various value-added services to retailers. The Military segment sells and distributes grocery products to 160 military commissaries and approximately 400 exchanges located in 39 states across the United States and the District of Columbia, Europe, Cuba


TWI(Titan International, Inc.): Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. The company operates in the Agricultural, Earthmoving/Construction, and Consumer segments. It offers rims, wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The company also offers rims, wheels, tires, and undercarriage systems and components for off-the-road earthmoving, mining, military, construction, and forestry equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers


AMR(Alpha Metallurgical Resources, Inc.): Alpha Metallurgical Resources, Inc., a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc. and changed its name to Alpha Metallurgical Resources, Inc. in February 2021. Alpha Metallurgical Resources, Inc. was incorporated in 2016 and is headquartered in Bristol, Tennessee.


SLCA(U.S. Silica Holdings, Inc.): U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for the manufacturing of glass products. It also provides various grades of whole-grain round silica to the foundry industry; ground silica and industrial minerals products for various products; and engineered performance materials made from diatomaceous earth (DE), clay, and perlite.


RYI(Ryerson Holding Corporation): Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing. The company also provides various processing services, such as bending, beveling, blanking, blasting, burning, cutting-to-length, drilling, embossing, flattening, forming, grinding, laser cutting, machining, notching, painting, perforating, polishing, punching, rolling, sawing, scribing, shearing, slitting, stamping, tapping, threading, welding, or other techniques to process materials. It serves various industries, including commercial ground transportation, metal fabrication, and machine shops, industrial machinery.


 

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 stockxpo diversification Strategy- 

  • SELL(QDEL, MRC, CIVI, OAS, SM, AMN, CLH) 
  • HOLD(BELFB, FLR, ASIX)
  • BUY(SPTN, TWI, VALE, AMR, SLCA, RYI)
Stock Symbol Company Name Action
QDEL Quidel Corporation Sell
MRC MRC Global Inc. Sell
CIVI Civitas Resources, Inc. Sell
OAS Oasis Petroleum Inc. Sell
SM SM Energy Company Sell
AMN AMN Healthcare Services, Inc Sell
CLH Clean Harbors, Inc. Sell
ASIX AdvanSix Inc. Hold
BELFB Bel Fuse Inc. Hold
FLR Fluor Corporation Hold
SPTN SpartanNash Company Buy
TWI Titan International, Inc. Buy
VALE Vale S.A. Buy
AMR Alpha Metallurgical Resources, Inc. Buy
SLCA U.S. Silica Holdings, Inc. Buy
RYI Ryerson Holding Corporation Buy

 

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!!!!

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