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

Greetings to all our Readers, Traders & Investors!! Stay updated of stock information by following us on social media platforms.

The stock market was down this week. Let’s take a look at some of the top news of the week first. U.S. stocks fell Thursday, as investors weighed declining jobless claims against continuing concerns about the threat of the Delta variant of the coronavirus. In 4 p.m. trade, the S&P 500 was down 0.5 percent, while the Dow Jones Industrial Average was down about 150 points, or 0.4 percent, with both indexes finishing lower for the fourth consecutive session. The Nasdaq Composite, which is heavily weighted toward technology, lost 0.3 percent… In addition, As American airlines cut back, Europe’s easyJet is gathering capital to expand. Its increasing ferocity may reveal more about competition than it does about the state of post-pandemic recovery . Other than this A fast surge in new Covid-19 cases, hospitalizations, and deaths have been linked to the Delta version of the novel coronavirus since the summer of 2013. But it’s slowing things down, and that bright future that many firms anticipated they’d have by now hasn’t arrived.

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.

Greetings to all our Readers, Traders & Investors!! Stay aware of stock information by following us on social media platforms.

    

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 every week, 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 our strategy with more than 20 years of data and it performed well against the S&P 500.

Here we are again with this week’s recommendations. Please note that overall the market was very much on the downside, 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. 

 

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 $VRTV, $MATX & $NMM



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 $CAL, $KSS, and $M  in this category.

Stock Symbol Company Name Action
GDEN Golden Entertainment Inc. Sell
DSKE Daseke Inc. Sell
M Macy's Inc. Hold
CAL Caleres Inc. Buy
KSS Kohl's Corp. Buy

 

CAL(Caleres Inc.)-  Caleres, Inc. engages in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children. Its retail shoe stores provide brand name athletic, casual, and dress shoes, including Nike, Skechers, Adidas, Vans, Converse, Crocs, Puma, Birkenstock, Asics, New Balance, Under Armour, Bearpaw, Timberland, and Sperry, as well as company-owned and licensed brands, such as Dr. Scholl's Shoes, Blowfish Malibu, LifeStride, Naturalizer, Circus by Sam Edelman, Franco Sarto, and Ryka. 


KSS(Kohl's Corp.)- Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang. As of January 30, 2021, it operated 1,162 Kohl's stores; a website www.Kohls.com; and 12 FILA outlets. Kohl's Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.


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.




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 $PPC, $OPCH, $RYI, $ARCH & $CVLG from this list and added  $SALM, $BVH, $CRK, $SIG, $NTNX, $III & $USIO

Stock Symbol Company Name Action
PPC Pilgrim's Pride Corp. Sell
OPCH Option Care Health Inc. Sell
RYI Ryerson Holding Corp. Sell
ARCH Arch Resources Inc. Sell
CVLG Covenant Logistics Group Inc. Sell
BVH Bluegreen Vacations Holding Corp. Hold
III Information Services Group Inc. Hold
SALM Salem Media Group Inc. Buy
CRK Comstock Resources Inc. Buy
SIG Signet Jewelers Ltd. Buy
NTNX Nutanix Inc. Buy
USIO Usio Inc. Buy

 

SALM(Salem Media Group Inc.)- Salem Media Group, Inc. operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio networks, which produce and distribute talk, news, website, satellite services, and music networking to radio stations, as well as sells commercial airtime. It also provides Christian, conservative, investing content, e-commerce, audio, and video streaming, and other resources digitally through Christian content websites, including BibleStudyTools.com, Crosswalk.com, GodVine.com, iBelieve.com, GodTube.com, OnePlace.com


CRK(Comstock Resources Inc.)- Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration for, development, and production of oil and natural gas primarily in Texas, Louisiana, and North Dakota. As of December 31, 2020, the company had 5.6 trillion cubic feet of natural gas equivalent and 17 million barrels of oil equivalent of proved reserves. It also owns interests in 2,864 producing oil and natural gas wells. Comstock Resources, Inc. was founded in 1983 and is headquartered in Frisco, Texas.


SIG(Signet Jewelers Ltd.)- Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, and Peoples Jewellers, as well as operates online through JamesAllen.com. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. 


NTNX(Nutanix Inc.)- Nutanix, Inc. develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis, an enterprise cloud platform that converges virtualization, enterprise storage services, and networking services; Nutanix Prism, a consumer-grade control plane, which provides management and analytics; and Acropolis Hypervisor, an enterprise-grade virtualization solution. It also offers Nutanix Calm, an application marketplace, which provides automation services that streamline application lifecycle management and deliver powerful hybrid cloud orchestration; Nutanix Files, a software-defined file storage solution; Nutanix Flow, an application-centric firewall services; and Prism, a solution to manage multiple clusters within a single datacenter.


III(Information Services Group Inc.)- Information Services Group, Inc., together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management, and market intelligence and technology research and analysis services. It supports private and public sector organizations to transform and optimize their operational environments. The company also provides ISG Digital, a client solution platform that helps clients developing technology, transformation, sourcing, and digital solutions; and ISG Enterprise, a client solution platform that helps clients manage change and optimize operations in areas comprising finance, human resource, and Procure2Pay. 


USIO(Usio Inc.) - Information Services Group, Inc., together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management, and market intelligence and technology research and analysis services. It supports private and public sector organizations to transform and optimize their operational environments. The company also provides ISG Digital, a client solution platform that helps clients developing technology, transformation, sourcing, and digital solutions; and ISG Enterprise, a client solution platform that helps clients manage change and optimize operations in areas comprising finance, human resource, and Procure2Pay. 


 

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- (MATX, VRTV, III, SALM, USIO) 
  • HOLD- (M, CAL, KSS, BVH, CRK, SIG, NTNX)
  • BUY- (MEOH, NMM, PANL)

Stock Symbol Company Name Action
GDEN Golden Entertainment Inc. Sell
DSKE Daseke Inc. Sell
PPC Pilgrim's Pride Corp. Sell
OPCH Option Care Health Inc. Sell
RYI Ryerson Holding Corp. Sell
ARCH Arch Resources Inc. Sell
CVLG Covenant Logistics Group Inc. Sell
MATX Matson Inc. Hold
NMM Navios Maritime Partners L.P. Hold
M Macy's Inc. Hold
BVH Bluegreen Vacations Holding Corp. Hold
III Information Services Group Inc. Hold
VRTV Veritiv Corp. Buy
CAL Caleres Inc. Buy
KSS Kohl's Corp. Buy
SALM Salem Media Group Inc. Buy
CRK Comstock Resources Inc. Buy
SIG Signet Jewelers Ltd. Buy
NTNX Nutanix Inc. Buy
USIO Usio 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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