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!!!! 

Let’s recap this week’s latest news. Charts indicate that inflation may soon fall substantially,' according to Jim Cramer. U.S. stocks fell after the latest interest-rate increases from Federal Reserve and other central banks, which have added to fears that the battle to control rising prices could bring a recession. Hong Kong’s Hang Seng Index closed at its lowest level in more than a decade, with stocks selling off after the Federal Reserve approved its third consecutive interest-rate rise of 0.75 percentage points and signaled additional large increases were likely.

If you are a regular reader, you may be already aware, that 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 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 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. 

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 $AZZ, $YY, and $PARR in this category.

Stock Symbol Company Name Action
YPF YPF Sociedad Anónima. Sell
QRHC Quest Resource Holding Corporation. Sell
YY JOYY Inc. Hold
AZZ AZZ Inc. Buy
PARR Par Pacific Holdings, Inc. Buy

AZZ(AZZ Inc.): AZZ Inc. offers galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally. The company operates through two segments, Infrastructure Solutions and Metal Coatings. The Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to the steel fabrication and other industries.


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.


PARR(Par Pacific Holdings, Inc.): Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produce ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota. The Retail segment operates 119 fuel retail outlets, which sell merchandise, such as soft drinks, prepared foods, and other sundries in Hawaii under the Hele, 76, and nomnom brands; and gasoline, diesel, and retail merchandise in Washington and Idaho under the Cenex, nomnom, and Zip Trip brand names.




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.

we have added it from this list $CAAS,$MARUY,$MOH,$YPF,$RWEOY,$CWCO & $NDEKY removed $TNP, $ABST & $QRHC

Stock Symbol Company Name Action
TNP Tsakos Energy Navigation Limited. Sell
QRHC Quest Resource Holding Corporation. Sell
ABST Absolute Software Corporation. Sell
CAAS China Automotive Systems, Inc. Hold
MOH Molina Healthcare, Inc. Hold
YPF YPF Sociedad Anónima Hold
CWCO Consolidated Water Co. Ltd. Hold
MARUY Marubeni Corporation Buy
RWEOY RWE Aktiengesellschaft. Buy
NDEKY Nitto Denko 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. 


MARUY(Marubeni Corporation): Marubeni Corporation engages in various business activities worldwide. The company trades in grain feed ingredients, compound feeds, foods, agricultural and fishery products, fresh and processed meat; apparel, footwear, lifestyle, and textile and industrial materials. It also provides agri-inputs, contracting services for fertilizer application and crop protection products, technical services, crop protection product formulations, fertilizers, and oilseeds; ICT and real estate services; petrochemicals and plastics, salts and Chlor-alkali, life science products, electronic materials, and inorganic mineral resources and chemicals; and wood chips, biomass fuels, pulp and waste papers, paper, paperboards, sanitary, and building and construction materials, as well as wood products.


MOH(Molina Healthcare, Inc.): Molina Healthcare, Inc. provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments, Medicaid, Medicare, Marketplace, and Other. As of December 31, 2021, the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states. The company was founded in 1980 and is headquartered in Long Beach, California.


YPF(YPF Sociedad Anónima): YPF Sociedad Anónima, an energy company, engages in 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.


RWEOY(RWE Aktiengesellschaft): RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources primarily in Europe and the United States. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear. The company generates wind, solar, hydro, nuclear, gas, and biomass electricity. It also trades in energy commodities; and operates gas storage facilities, as well as battery storage activities. The company serves commercial, industrial, and corporate customers. RWE Aktiengesellschaft was founded in 1898 and is headquartered in Essen, Germany.


CWCO(Consolidated Water Co. Ltd.): Consolidated Water Co. Ltd., together with its subsidiaries, designs, constructs, manages and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing. It uses reverse osmosis technology to produce potable water from seawater. The company produces and supplies water to end-users, including residential, commercial, and government customers, as well as government-owned distributors. It also provides design, engineering, construction, procurement, and management services for desalination projects and water treatment plants, as well as management and engineering services relating to municipal water distribution and treatment. In addition, the company manufactures and services a range of water-related products.


NDEKY(Nitto Denko Corporation): Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes. The company also offers functional thermal transfer systems, such as labels, barcode label printers, and label printing software; tapes for electrical and electronic equipment; dust removal products for clean rooms; fluoroplastic sheets and tapes, and fluoroplastic porous films; and materials for housing and construction, as well as packaging machines.


 

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(TNP,QRHC,ABST) 
  • HOLD(CAAS,YPF,YY,MOH,CWCO)
  • BUY(MARUY,AZZ,PARR,RWEOY,NDEKY)
Stock Symbol Company Name Action
TNP Tsakos Energy Navigation Limited. Sell
QRHC Quest Resource Holding Corporation. Sell
ABST Absolute Software Corporation. Sell
CAAS China Automotive Systems, Inc. Hold
MOH Molina Healthcare, Inc. Hold
YPF YPF Sociedad Anónima. Hold
CWCO Consolidated Water Co. Ltd. Hold
YY JOYY Inc. Hold
MARUY Marubeni Corporation. Buy
AZZ AZZ Inc. Buy
PARR Par Pacific Holdings, Inc. Buy
RWEOY RWE Aktiengesellschaft. Buy
NDEKY Nitto Denko Corporation. Buy

 

I hope this information will help you buy good stocks for your swing trading. See you next Friday. Keep coming to our website for stock-related queries and information.

If you haven’t subscribed yet, please subscribe to our newsletter so you can get the updates delivered to your mailbox. Subscribe to our newsletter so you get notified when we publish our future article like this every Friday about Best Stocks to Buy For the Short term for Swing Trading with clear directions on Buy vs Hold vs Sell. We recommend balancing your swing trading StockXpo alert-based portfolio every Friday following our recommendations closely. All you need is half an hour to an hour of your time on Friday depending on how quickly you can execute these trades. Subscriber today, it’s free forever

Happy Trading!!!!

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