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!!!! 

The Stock Market was up this week. Let’s take a look at some of the top news of the week first. The Dow Jones Industrial Average and the S&P 500 both gained on Thursday but fell short of new highs as new data suggested the economic recovery has slowed… In addition, Amazon. AMZN -0.84% com Inc. reported solid financial earnings that fell short of Wall Street estimates, the first evidence that the company’s dominance in the pandemic’s financial results may be shrinking. Other than this Pinterest’s engagement problems persisted through the end of the quarter, with monthly active users in the United States decreasing at a faster rate than experts had predicted. Following the release of the report, stock prices dropped by more than 18%.

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 breakthrough 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 $AN, $MT

Please note that – compared to last week, we have added some more stocks.

Stock Symbol Company Name Action
AN AutoNation Inc. Hold
MT ArcelorMittal ADR Buy

 

AN(AutoNation Inc.)- AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Chrysler. The Import segment includes retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, and Lexus. The Corporate & Other segment involves collision centers, auction operations, and stand-alone used vehicle sales and service centers. The company was founded by Steven Richard Berrard and Harry Wayne Huizenga Sr. in 1991 and is headquartered in Fort Lauderdale, FL.


MT(ArcelorMittal ADR)- ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA, Brazil, Europe, Africa and Commonwealth of Independent States (ACIS), Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate. The Brazil segment covers wire rods, bar and rebars, billets, blooms, and wire drawing. The Europe segment offers hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. The ACIS segment produces a combination of flat, long, and tubular products. The Mining segment focuses on steel operations. The Others segment represents the corporate and shared services, financial activities, and shipping and logistics. The company was founded by Lakshmi Niwas Mittal in 1976 and is headquartered in Luxembourg.




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 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 $X, $OVV, and $BYD  in this category

Stock Symbol Company Name Action
AN AutoNation Inc. Sell
EQNR Equinor ASA Sell
PAM Pampa Energia S.A. Sell
X United States Steel Corp. Buy
OVV Ovintiv Inc. Buy
BYD Boyd Gaming Corp. Buy

 

X(United States Steel Corp.)- United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers to produce and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab, and Elbert Henry Gary and is headquartered in Pittsburgh, PA.


OVV(Ovintiv Inc.)- Ovintiv, Inc. produces and develops a multi-basin portfolio of oil, natural gas liquids, and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations, and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas, and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas, and other related activities within the United States. The Market Optimization segment’s activities are managed by the Midstream, Marketing & Fundamentals team, which is primarily responsible for the sale of the Company’s proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.


BYD(Boyd Gaming Corp.) – Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. The Las Vegas Locals segment consists of casinos that serve the resident population of the Las Vegas metropolitan area. The Downtown Las Vegas segment comprises the following casinos: California Hotel and Casino, Fremont Hotel and Casino, and Main Street Station Casino, Brewery, and Hotel. The Midwest & South segment operates land-based casinos, dockside riverboat casinos, racinos, and barge-based casinos in the Midwest and the southern United States. Its portfolio includes hotels, casinos, breweries, resorts, and spas. The company was founded by William Samuel Boyd and Sam Boyd on January 1, 1975, and is headquartered in Las Vegas, NV.




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  $KBH, $APO, $AZZ & $JBGS  from this list and added $SGH, $SAR, $USFD, $HALL, $GPRK, $JAKK & $TESS

Stock Symbol Company Name Action
KBH KB Home Sell
APO Apollo Global Management Inc. Sell
AZZ AZZ Inc. Sell
JBGS JBG SMITH Properties Sell
SGH SMART Global Holdings Inc. Hold
HALL Hallmark Financial Services Inc. Hold
SAR Saratoga Investment Corp. Hold
USFD US Foods Holding Corp. Buy
GPRK GeoPark Ltd. Buy
JAKK JAKKS Pacific Inc. Buy
TESS Tessco Technologies Inc. Buy

 

SGH(SMART Global Holdings Inc.)- SMART Global Holdings, Inc. designs and manufactures electronic products focused on memory and computing technology areas. The company specializes in application-specific product development and support for customers in the enterprise, government, and original equipment manufacturer, or OEM, markets. It operates through the following segments: Specialty Memory Products, Brazil Products, and Specialty Compute and Storage Solutions (SCSS). The Specialty Memory Products segment focuses on the design and manufacture of application-specific products, technical support, and value-added testing services that differ from the core focus of standard memory module providers. The Brazil Products segment manufactures DRAM modules for desktops, notebooks, and servers. The SCSS segment offers specialty compute and storage system solutions to customers in a broad set of verticals including financial services, energy, government, social media, and education end markets. The company was founded in 188 and is headquartered in Newark, CA.


USFD(US Foods Holding Corp.)- US Foods Holding Corp. operates as a food service distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli. The company is headquartered in Rosemont, IL.


SAR(Saratoga Investment Corp.)- Saratoga Investment Corp. (NYSE: SAR) is a publicly traded business development company (BDC) that provides customized financing solutions for middle-market companies located in the United States. Saratoga’s senior investment professionals have over 200 years of combined experience investing in more than $4 billion in middle-market businesses.


HALL(Hallmark Financial Services Inc.)- Hallmark Financial Services, Inc. is a holding company, which engages in the provision of insurance products. It operates through the following segments: Specialty Commercial, Standard Commercial, and Personal. The Specialty Commercial segment includes the commercial auto; excess and surplus (E&S) casualty; E&S property; professional liability; and aerospace and programs business units. The Standard commercial segment consists of the package and monoline property/casualty and occupational accident insurance products and services, as well as the runoff of workers’ compensation insurance products. The Personal segment deals with non-standard personal automobile and renters insurance products and services. The company was founded in 1987 and is headquartered in Dallas, TX.


GPRK(GeoPark Ltd.)- GeoPark Ltd. engages in the exploration, development, and production of oil and gas reserves. It operates through the following geographical segments: Chile, Brazil, Colombia, Peru, Argentina, Ecuador, and Corporate. The company was founded by Gerald Eugene O’Shaughnessy and James Franklin Park in 2002 and is headquartered in Las Condes, Chile.


JAKK(JAKKS Pacific Inc.)- JAKKS Pacific, Inc. engages in the design, development, and sale of toys, consumables, electronics, kid’s indoor and outdoor furniture, and other consumer products. It operates through the following business segments: the United States and Canada, International, and Halloween. The United States and Canada segment includes action figures, vehicles, playsets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, role play and everyday costume play, foot to floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids’ indoor and outdoor furniture, and pet treats, and related products, primarily within the United States and Canada. The International segment is responsible for the marketing and sale of toy products in markets outside of the United States and Canada, primarily in the European, Asia Pacific, and Latin and South American regions. The Halloween segment is the marketing and sale of Halloween costumes and accessories and everyday costume play products, primarily in the United States and Canada. The company was founded by Stephen G. Berman and Jack Friedman in January 1995 and is headquartered in Santa Monica, CA.


TESS(Tessco Technologies Inc.)- TESSCO Technologies, Inc. is a technology distributor, manufacturer, and solutions provider serving commercial and retail customers in the wireless infrastructure, and mobile device accessories markets. It operates through Commercial and Retail business segments. The Commercial segment consists of public carriers, government, private system operators, and value-added resellers. The Retail segment is comprised of the market which includes retailers, independent dealer agents, and carriers. The company was founded by Robert B. Barnhill Jr. in 1982 and is headquartered in Hunt Valley, MD.


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.

If you haven’t done so already, please subscribe to our newsletter so you can get the updates delivered to your mailbox. 

Happy Trading!!!!

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