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

Greetings to all of our readers, traders, investors, analysts, and others!!!!

This week, the stock market was down.. Let’s take a look at some of the top news of the week first. It’s been a hectic week for U.S. stocks, and Thursday was no different. As of 4 p.m., the S&P 500 was down 0.5 percent after five straight sessions of gains. Both the Nasdaq Composite and the Dow Jones Industrial Average fell by 0.6 percent and 0.5% respectively… In addition, Since, Salesforce.com’s reputation has been restored and it is no longer in the penalty box. This is going to be a challenge. A deal to buy Slack Technologies for nearly $28 billion in cash and stock was announced by Salesforce late last year, causing its shares to drop like a rock. … Other than this Emerging-market debt in Asia is being weighed down by the spread of the highly contagious Delta variant of Covid-19. A new round of lockdowns or social-distancing restrictions has been implemented by governments in the region, slowing their economic recovery, and increasing their expenditures to help their citizens and businesses.

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 $REGN, $DIOD & $POWI

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

Stock Symbol Company Name Action
VRTV Veritiv Corp. Sell
DSKE Daseke Inc. Sell
REGN Regeneron Pharmaceuticals Inc. Hold
DIOD Diodes Inc. Buy
POWI Power Integrations Inc. Buy

 

REGN(Regeneron Pharmaceuticals Inc.)- Regeneron Pharmaceuticals, Inc. is a biotechnology company, which engages in the discovery, invention, development, manufacture, and commercialization of medicines. Its product portfolio includes the following brands: EYLEA, Dupixent, Praluent, Kevzara, Libtayo, ARCALYST, and ZALTRAP. The firm accelerates the traditional drug development process through its proprietary VelociSuite technologies such as VelocImmune, which uses unique genetically humanized mice to produce optimized fully-human antibodies and bispecific antibodies. The company was founded by Alfred G. Gilman, Leonard S. Schleifer, and Eric M. Shooter on January 8, 1988, and is headquartered in Tarrytown, NY.


DIOD(Diodes Inc.)- Diodes, Inc. manufactures and supplies semiconductor products. It offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors. The firm operates through the following geographical segments: Asia, North America, and Europe. It also provides power management devices, including LED drivers, AC-DC and DC-DC switching, linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers. The company was founded on June 15, 1959, and is headquartered in Plano, TX.


POWI(Power Integrations Inc.)- Power Integrations, Inc. engages in the design, development, and marketing of analog and mixed-signal integrated circuits and other electronic components and circuitry used in high voltage power conversion. Its products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. The company was founded by Steven J. Sharp on March 25, 1988, and is headquartered in San Jose, CA.




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, $M, and $DSKE  in this category.

Stock Symbol Company Name Action
CAR Avis Budget Group Inc. Sell
GDEN Golden Entertainment Inc. Hold
M Macy's Inc. Buy
DSKE Daseke 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.


M(Macy’s Inc.)- Macy’s, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929, and is headquartered in New York, NY.


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 $CAR, $ASIX, $SIMO, $JLL& $WIRE from this list and added $DIOD, $PPC, $REGN, $OPCH, $RYI, $ON, $GSKY

Stock Symbol Company Name Action
CAR Avis Budget Group Inc. Sell
ASIX AdvanSix Inc. Sell
SIMO Silicon Motion Technology Corp. ADR Sell
JLL Jones Lang LaSalle Inc. Sell
WIRE Encore Wire Corp. Sell
PPC Pilgrim's Pride Corp. Hold
ON ON Semiconductor Corp. Hold
DIOD Diodes Inc. Buy
REGN Regeneron Pharmaceuticals Inc. Buy
OPCH Option Care Health Inc. Buy
RYI Ryerson Holding Corp. Buy
GSKY GreenSky Inc. Buy

 

DIOD(Diodes Inc.)- Diodes, Inc. manufactures and supplies semiconductor products. It offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors. The firm operates through the following geographical segments: Asia, North America, and Europe. It also provides power management devices, including LED drivers, AC-DC and DC-DC switching, linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers. The company was founded on June 15, 1959, and is headquartered in Plano, TX.


PPC(Pilgrim’s Pride Corp.)- Pilgrim’s Pride Corp. is engaged in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. & Europe, and Mexico. The company was founded by Lonnie A. Pilgrim and Aubrey Pilgrim on October 2, 1946, and is headquartered in Greeley, CO.


REGN(Regeneron Pharmaceuticals Inc.)- Regeneron Pharmaceuticals, Inc. is a biotechnology company, which engages in the discovery, invention, development, manufacture, and commercialization of medicines. Its product portfolio includes the following brands: EYLEA, Dupixent, Praluent, Kevzara, Libtayo, ARCALYST, and ZALTRAP. The firm accelerates the traditional drug development process through its proprietary VelociSuite technologies such as VelocImmune, which uses unique genetically humanized mice to produce optimized fully-human antibodies and bispecific antibodies. The company was founded by Alfred G. Gilman, Leonard S. Schleifer, and Eric M. Shooter on January 8, 1988, and is headquartered in Tarrytown, NY.


OPCH(Option Care Health Inc.)- Option Care Health, Inc. engages in the provision of home and alternate site infusion services. The firm involves in the clinical management of infusion therapy, nursing support, and care coordination. It also offers anti-infective, nutrition support, heart failure, chronic inflammatory disorders, immunoglobulin, bleeding disorders, women’s health, neurological disorders, and specialized therapies. The company was founded in 1996 and is headquartered in Bannockburn, IL.


RYI(Ryerson Holding Corp.)- Ryerson Holding Corp. engages in the processing and distribution of industrial metals. It processes and distributes products in stainless steel, aluminum carbon steel, and alloy steels, and a limited line of nickel and red metals in various shapes and forms. The firm serves end-markets including oil and gas, industrial equipment, transportation equipment, heavy equipment, and electrical machinery; and also offers value-added processing and fabrication services such as sawing, slitting, blanking, cutting to length, leveling, flame-cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to the radius. The company was founded on July 24, 2007, and is headquartered in Chicago, IL.


ON(ON Semiconductor Corp.)- ON Semiconductor Corp. engages in the design, manufacture, and marketing of a portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi, and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical, and aerospace/defense markets.


GSKY(GreenSky Inc.) – GreenSky Inc. operates as a technology company. It offers a proprietary technology infrastructure platform to supports the full transaction lifecycle, including credit application, underwriting, and real-time allocation. The company’s proprietary technology-powered platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. GreenSky Inc. is headquartered in Atlanta, Georgia.


 

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(VRTV, CAR, ASIX, SIMO, JLL, WIRE) 
  • BUY( DIOD, POWI, M, OPCH, RYI, GSKY)
  • Hold(REGN, GDEN, DSKE, PPC, ON)      

Stock Symbol Company Name Action
VRTV Veritiv Corp. Sell
CAR Avis Budget Group Inc. Sell
ASIX AdvanSix Inc. Sell
SIMO Silicon Motion Technology Corp. ADR Sell
JLL Jones Lang LaSalle Inc. Sell
WIRE Encore Wire Corp. Sell
REGN Regeneron Pharmaceuticals Inc. Hold
GDEN Golden Entertainment Inc. Hold
DSKE Daseke Inc. Hold
PPC Pilgrim's Pride Corp. Hold
ON ON Semiconductor Corp. Hold
DIOD Diodes Inc. Buy
POWI Power Integrations Inc. Buy
M Macy's Inc. Buy
OPCH Option Care Health Inc. Buy
RYI Ryerson Holding Corp. Buy
GSKY GreenSky 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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