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!!!! 

Let’s recap this week’s latest news. VPR Management LLC Buys 4, Sells 1 in 2nd Quarter The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions, or other types of investments. Trump-linked SPAC adjourns shareholder meeting until October as it seeks votes to delay merger. Donald Trump’s new social media app Truth Social, glitching on a smartphone in Los Angeles. Queen Elizabeth II died on Thursday, bringing to an end the longest tenure of any monarch in the history of the United Kingdom. Over the past 70 years of her reign, the Queen was a pop culture staple, appearing in television and films spanning decades. Her broad appeal led to portrayals not only by Oscar-winning actors, but also by Saturday Night Live performers, and she has been depicted in animated films.

If you are a regular reader, you may be already aware, we recommend 10-12 stocks in 2 different categories – 1. ValueGrowth and 2. 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 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 $YY, $SNCR and  $FPAY in this category.

Stock Symbol Company Name Action
SMCI Super Micro Computer, Inc. Sell
FPAY FlexShopper, Inc. Hold
SNCR Synchronoss Technologies, Inc. Hold
YY JOYY Inc. Buy

YY(JOYY Inc.): JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging experiences across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as showcasing talents, socializing, and connecting with other users worldwide; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls and other communication tools, such as group calls, document sharing, etc. It operates in the People's Republic of China, the United States, Great Britain, Japan, South Korea, Australia, the Middle East, Southeast Asia, and others.


FPAY(FlexShopper, Inc.): FlexShopper, Inc., a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, including consumer electronics; home appliances; computers, tablets, and wearables; smartphones; tires; and jewelry and furniture, such as accessories. The company was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013. FlexShopper, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.


SNCR(Synchronoss Technologies, Inc.): Synchronoss Technologies, Inc. provides cloud, messaging, digital, and network management platforms, products, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's platforms, products, and solutions include content backup, view, manage, engage, transfer, and restore solutions in operating systems and devices; multi-channel messaging, peer-to-peer communications, and application-to-person commerce solutions; email solutions; customer journey and workflow design, development, orchestration, and experience management solutions; and telecom network infrastructure designing, procuring, managing, and optimizing solutions.




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  $FPAY, $APRN, $YPF, $TNP, $CAAS removed $SEPU , $QRHC

Stock Symbol Company Name Action
CECE CECO Environmental Corp. Sell
CSIQ Canadian Solar Inc. Sell
CAAS China Automotive Systems, Inc. Hold
FPAY FlexShopper, Inc. Hold
APRN Blue Apron Holdings, Inc. Hold
YPF YPF Sociedad Anónima Hold
TNP Tsakos Energy Navigation Limited Hold
CEPU Central Puerto S.A. Buy
QRHC Quest Resource Holding Corporation Buy

 

CAAS(China Automotive Systems, Inc.) : China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light-duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. 


FPAY(FlexShopper, Inc.): FlexShopper, Inc., a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories. The company was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013. FlexShopper, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.


APRN(Blue Apron Holdings, Inc.): Blue Apron Holdings, Inc. operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals. It serves young couples, families, singles, and empty nesters. The company offers its services through order selections on Website or mobile application primarily in the United States. Blue Apron Holdings, Inc. was founded in 2012 and is headquartered in New York, New York.


YPF(YPF Sociedad Anónima): YPF Sociedad Anónima, an energy company, engages in the oil and gas upstream and downstream activities in Argentina. The company's upstream operations include the exploration, development, and production of crude oil, natural gas, and NGLs. Its downstream operations include the refining, marketing, transportation, and distribution of oil, petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels, as well as in gas separation, natural gas distribution operations, and power generation. As of December 31, 2021, it had interests in 119 oil and gas fields; approximately 643 million barrels (mmbbl) of oil; and approximately 2,447 billion cubic feet (bcf) of gas. It also had a retail distribution network of 1,654 YPF-branded service stations; and 18 exploration permits.


CEPU(Central Puerto S.A.): Central Puerto S.A. generates and sells electric power to private and public customers in Argentina. It also produces steam. As of December 31, 2021, the company owned and operated five thermal generation plants, one hydroelectric generation plant, and seven wind farms with a total installed capacity of 4,809 MW. Central Puerto S.A. was founded in 1898 and is based in Buenos Aires, Argentina.


QRHC(Quest Resource Holding Corporation): Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes. 


TNP(Tsakos Energy Navigation Limited): Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 21, 2022, it operated a fleet of 66 double-hull vessels, comprising 60 conventional tankers, three LNG carriers, and three Suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.


 

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 the StocXpo diversification Strategy-

  • SELL(CECE,SMCI,CSIQ) 
  • HOLD(FPAY,SNCR,CAAS,APRN,YPF,TNP)
  • BUY(YY,CEPU,QRHC)

Stock Symbol Company Name Action
CECE CECO Environmental Corp. Sell
SMCI Super Micro Computer, Inc. Sell
CSIQ Canadian Solar Inc. Sell
CAAS China Automotive Systems, Inc. Hold
FPAY FlexShopper, Inc. Hold
APRN Blue Apron Holdings, Inc. Hold
YPF YPF Sociedad Anónima Hold
TNP Tsakos Energy Navigation Limited Hold
SNCR Synchronoss Technologies, Inc. Hold
CEPU Central Puerto S.A. Buy
QRHC Quest Resource Holding Corporation Buy
YY JOYY 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.

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Happy Trading!!!!

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