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!!!! 

The Stock Market was volatile but overall up this week. Let’s take a look at some of the top news of the week first. Governments are leaning on sovereign-wealth funds, which are among the world’s largest stock-market players, to resurrect pandemic-stricken economies.. In addition, Following remarks by the Federal Reserve’s chairman on the economy and monetary policy, U.S. markets ended the day neutral. However, Officials from the two firms said that ServiceMax has agreed to merge with a special-purpose acquisition company in a deal that will take the maker of software for field-service specialists public.

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 weeks high and even the 52 weeks 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 $ARCH and $SGH

Please note that – compared to last week, we have  removed $SIG, $PTR and $GMS.

ARCH (Arch Resources Inc.) could be a solid choice for investors given its recent upgrade to a Buy. An upward trend in earnings estimates — one of the most powerful forces impacting stock prices — has triggered this rating change.

SGH (SMART Global Holdings, Inc. ) : The stock has moved higher by 12.7% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

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 $SWBI, $SGH, and $PAM  in this category.

SWBI (Smith & Wesson Brands Inc.) closed at $25.69 in the latest trading session, marking a -1.98% move from the prior day. This change lagged the S&P 500’s daily loss of 0.33%.

Prior to today’s trading, shares of the firearm maker had gained 27.54% over the past month. This has outpaced the Consumer Discretionary sector’s loss of 2.09% and the S&P 500’s gain of 2.89% in that time.

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

SGH (SMART Global Holdings, Inc. ) : The stock has moved higher by 12.7% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

PAM (Pampa Energia) is one such stock that our proprietary system currently recommends. The company has a favorable Growth Score.Studies have shown that stocks with the best growth features consistently outperform the market.

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 $SIG, $PANL, $BRBR , $PTR and $ITRN.  from this list and added $PCB,$SC, $JHG, $ARCH, $BBU, $VOLT  and $PERI.

PCB (PCB Bancorp) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

SC(Santander Consumer USA Holdings Inc.)  This is because this security in the Financial – Consumer Loans space is seeing solid earnings estimate revision activity. This is important because, oftentimes, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board.

JHG(Janus Henderson Group PLC) is a Finance stock that has seen a price change of 18.58% so far this year. The company is currently shelling out a dividend of $0.38 per share, with a dividend yield of 3.94%. This compares to the Financial – Investment Management industry’s yield of 1.55% and the S&P 500’s yield of 1.34%.

ARCH(Arch Resources Inc.) could be a solid choice for investors given its recent upgrade to a Buy. An upward trend in earnings estimates — one of the most powerful forces impacting stock prices — has triggered this rating change.

BBU(Brookfield Business Partners)  is a private equity firm that specializes in acquisition. BBU has the resources to fund its portion of the transaction and then some – as of end-1Q21, BBU’s corporate liquidity was $2.4bn, while the recent GrafTech sell-down likely adds another ~ $150m since quarter-end. As the deal also involves partnering institutions, ~$0.5bn will be attributable to BBU (implying a ~31% equity stake).

VOLT(Volt Information Sciences Inc.) could be a solid choice for investors given its recent upgrade to a Strong Buy. This rating change essentially reflects an upward trend in earnings estimates — one of the most powerful forces impacting stock prices.

PERI(Perion Network Ltd.) is riding on strong advertising revenue growth. Recovery in advertiser spending and spike in e-commerce-related ad-spending are key catalysts for this $685.16-million company. Perion is also expected to benefit from robust performance of its Search business, driven by strong advertiser demand and partnership with Microsoft’s Bing.

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!!!!