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, the stock market was up. Let’s take a look at some of the top news of the week first. A series of earnings reports are due later in the day, and fresh labor-market data has provided insight into the pace of the recovery. On Thursday, the S&P 500 gained 0.3 percent, while the Dow Jones Industrial Average gained less than 0.1 percent, with both indexes closing at record high levels. By comparison, the Nasdaq Composite rose by 0.4%… In addition, An electronic trading business that has grown more valuable for electronic traders as U.S. retail volumes have soared due to meme-stock mania has been launched by Jump Trading Group, one of the world’s largest high-frequency trading firms… Other than this Walt Disney Co. must now perform a difficult balancing act between entertaining people at home and attracting them back out to the theatres and attractions. This quarter, the entertainment giant showed that it could do both well.

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 $LE, $CLF & $DSKE

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

Stock Symbol Company Name Action
ON ON Semiconductor Corp. Sell
POWI Power Integrations Inc. Sell
SIMO Silicon Motion Technology Corp. Sell
LE Lands' End Inc. Buy
CLF Cleveland-Cliffs Inc. Buy
DSKE Daseke Inc. Buy

 

LE(Lands’ End Inc.)- Lands’ End, Inc. is a multi-channel retailer of casual clothing, accessories, and footwear, as well as home products. It operates through the following segments: US eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, Third Party, and Retail. The company was founded by Gary C. Comer in 1963 and is headquartered in Dodgeville, WI. Lands’ End, Inc. (Lands’ End) is a multi-channel retailer of casual clothing, accessories, and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com. The Direct segment sells products through the Company’s e-commerce Websites, international Websites, and direct mail catalogs. The Retail segment sells products and services through Lands’ End Shops at Sears across the United States.


CLF(Cleveland-Cliffs Inc.)- Cleveland-Cliffs, Inc. is an iron ore mining company, which supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. The company was founded in 1847 and is headquartered in Cleveland, OH. Cleveland-Cliffs Inc is a vertically integrated producer of iron ore and steel products. The Company has upstream and downstream operations. It supplies both customized iron ore pellets and steel solutions. Its segments include the Steel and Manufacturing segment and Mining and Pelletizing segment. Its Steel and Manufacturing segment is a producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, and distributors and converters markets.


DSKE(Daseke Inc.)- Daseke, Inc. engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers. The Specialized Solutions segment focuses on transportation and logistics solutions that include super heavy haul, high-value customized, over-dimensional, commercial glass, and high-security cargo solutions. The company was founded by Don R. Daseke in November 2008 and is headquartered in Addison, TX.




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 $GDEN, $SALM, and $DSKE  in this category

Stock Symbol Company Name Action
VSTO Vista Outdoor Inc. Sell
GSKY GreenSky Inc. Sell
DSKE Daseke Inc. Hold
GDEN Golden Entertainment Inc. Buy
SALM Salem Media Group Inc. Buy

 

GDEN(Golden Entertainment Inc.)- Golden Entertainment, Inc. engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casino’s segments. The Distributed Gaming segment involves the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons. The Casino segment focuses on owning and managing resort casinos. The company was founded in 1998 and is headquartered in Las Vegas, NV.


SALM(Salem Media Group Inc.)- Salem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media, and Publishing. The Broadcast segment owns and operates radio stations in large metropolitan markets, which includes national and local programming content. The Digital Media segment offers Christian, conservative, investing, and health-themed content, e-commerce, audio, and video streaming, and other resources digitally through the web. The Publishing segment comprises book publishing, self-publishing services, and print and digital magazines. The company was founded by Stuart W. Epperson and Edward G. Atsinger III in 1986 and is headquartered in Irving, TX.


DSKE(Daseke Inc.) Daseke, Inc. engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers. The Specialized Solutions segment focuses on transportation and logistics solutions that include super heavy haul, high-value customized, over-dimensional, commercial glass, and high-security cargo solutions. The company was founded by Don R. Daseke in November 2008 and is headquartered in Addison, TX.




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 $KNBWY, $SGH, $HALL, $JAKK, $LSTR  & $TESS from this list and added $LXU, $CFMS, $MT, $CAR, $AN, $GCI , $TXT

Stock Symbol Company Name Action
KNBWY Kirin Holdings Co. Ltd. Sell
SGH SMART Global Holdings Inc. Sell
HALL Hallmark Financial Services Inc. Sell
JAKK JAKKS Pacific Inc. Sell
LSTR Landstar System Inc. Sell
TESS Tessco Technologies Inc. Sell
AN AutoNation Inc. Hold
GCI Gannett Co. Inc. Buy
TXT Textron Inc. Buy
LXU LSB Industries Inc. Buy
CFMS Conformis Inc. Buy
MT ArcelorMittal ADR Buy
CAR Avis Budget Group Inc. Buy

 

LXU(LSB Industries Inc.)- LSB Industries, Inc. engages in the manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also owns and operates facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as the facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility). The company was founded by Jack E. Golsen in 1968 and is headquartered in Oklahoma City, LSB Industries, Inc. is engaged in the manufacture and sale of chemical products. The Company’s business manufactures products for three principal markets: agricultural, industrial, and mining. The Company produces and sells ammonia, ammonium nitrate, high-density ammonium nitrate, and urea ammonia nitrate, all of which are nitrogen-based fertilizers. It sells these agricultural products to farmers, ranchers, fertilizer dealers, and distributors primarily in the ranch land and grain production markets in the United States.


CFMS(Conformis Inc.)- ConforMIS, Inc. is a medical technology company, which engages in the development, manufacture, and sale of joint replacement implants. It operates through the following geographical segments: the United States; Germany; and the Rest of the World. The firm’s products include iUni, iDuo, iTotal CR, and iTotal. The company was founded by Philipp Lang in 2004 and is headquartered in Billerica, MA. ConforMIS, Inc. is a medical technology company. The Company uses its iFit Image-to-Implant technology platform to develop, manufacture, and sell joint replacement implants, which are individually sized and shaped, to fit each patient’s anatomy. The Company’s iFit technology platform applies to various joints. It offers a line of customized knee implants designed to restore the natural shape of a patient’s knee.


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.


CAR(Avis Budget Group Inc.)- Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ. Avis Budget Group Inc. is a provider of vehicle rental and car-sharing services. The Company operates three brands, which include Avis, Budget, and Zipcar. Avis and Budget are rental car suppliers. It also owns Payless, which is a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France. 


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.


 

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(ON, POWI, SIMO, VSTO, GSKY, SGH, HALL, JAKK, TESS, KNBWY, LSTR)
  • BUY( LE, CLF, GDEN, SALM, GCI, TXT, LXU, CFMS, MT, CAR)
  • Hold (DSKE, AN)

Stock Symbol Company Name Action
ON ON Semiconductor Corp. Sell
POWI Power Integrations Inc. Sell
SIMO Silicon Motion Technology Corp. ADR Sell
VSTO Vista Outdoor Inc. Sell
GSKY GreenSky Inc. Sell
SGH SMART Global Holdings Inc. Sell
HALL Hallmark Financial Services Inc. Sell
JAKK JAKKS Pacific Inc. Sell
TESS Tessco Technologies Inc. Sell
KNBWY Kirin Holdings Co. Ltd. ADR Sell
LSTR Landstar System Inc. Sell
DSKE Daseke Inc. Hold
AN AutoNation Inc. Hold
LE Lands' End Inc. Buy
CLF Cleveland-Cliffs Inc. Buy
GDEN Golden Entertainment Inc. Buy
SALM Salem Media Group Inc. Buy
GCI Gannett Co. Inc. Buy
TXT Textron Inc. Buy
LXU LSB Industries Inc. Buy
CFMS Conformis Inc. Buy
MT ArcelorMittal ADR Buy
CAR Avis Budget Group Inc. 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.

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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