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!!!! 

The Stock Market was down this week. Let’s take a look at some of the top news of the week first. S&P 500 predictions said that the stock market will fall down by  0.2% and futures tied to the Dow Jones Industrial Average slipped 0.1%. The contracts don’t necessarily predict movements after the opening bell…. Alibaba Group Holding Ltd. intends to sell its minority stake in a state-owned broadcaster. The stock market in the United States surged dramatically Thursday, on track for a second straight day of gains for the major indexes, as investors remained confident that problems with property giant China Evergrande Group can be resolved.

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 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 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 $BVH, $MEOH and $CVLG

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

Stock Symbol Company Name Action
CRK Comstock Resources Inc. Sell
BVH Bluegreen Vacations Holding Corp. Hold
MEOH Methanex Corp. Hold
CVLG Covenant Logistics Group Inc Buy

 

BVH(Bluegreen Vacations Holding Corp.)Bluegreen Vacations Holding Corporation is a vacation ownership firm. It markets and sells vacation ownership interests (VOI) and manages resorts in leisure and metropolitan areas such as Orlando, Las Vegas, Myrtle Beach, Charleston, and New Orleans, among others. In addition, the company offers resort management, mortgage servicing, title services, reservation, and building design and development services, as well as financing to eligible VOI purchasers and administration services to vacation club and homeowners’ organisations. It has 45 club resorts and 23 club affiliate resorts in its resort network.


MEOH(Methanex Corp.)Methanex Corporation manufactures and distributes methanol in North America, Asia, Europe, and South America. In addition, the corporation purchases methanol produced by others through methanol offtake contracts and on the spot market. It also owns and rents storage and terminal facilities. The corporation owns and operates a fleet of about 30 ocean-going vessels. It caters to chemical and petrochemical manufacturers. The company was founded in 1968 and is based in Vancouver, Canada.


CVLG(Covenant Logistics Group Inc.)-  Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (“Expedited") and Over-the-Road Services (“OTR"), both of which transport one-way freight over non-routine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.




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, $ASO and $JFIN  in this category.

Stock Symbol Company Name Action
M Macy's Inc. Sell
KSS Kohl's Corp. Sell
CAL Caleres Inc. Hold
ASO Academy Sports & Outdoors Inc Buy
JFIN Jiayin Group Inc Buy

CAL(Caleres Inc.)- Smith & Wesson Brands, Inc. is a holding company, which engages in the manufacture, design, and provision of firearms. It operates through the Firearms and Outdoor Products & Accessories segments. The Firearms segment comprises the manufacture of handguns, long guns, handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers. The Outdoor Products & Accessories segment engages in the distribution, manufacture, and design of reloading, gunsmithing, and gun cleaning supplies; stainless-steel cutting tools and accessories; flashlights; tree saws and related trimming accessories; shooting supplies, rests, and other related accessories; apparel; vault accessories; laser grips and laser sights; and a full range of products for survival and emergency preparedness. The company was founded by Michell A. Saltz on June 17, 1991, and is headquartered in Springfield, MA.


ASO(Aston Minerals Ltd.)- Academy Sports & Outdoors, Inc. owns and operates sporting goods and outdoor recreation retail stores. It offers hunting, fishing, and camping equipment and gear, sports and leisure products, footwear, and apparel. The company organizes its merchandise in four divisions: Outdoors, Sports and Recreation, Apparel and Footwear. The company was founded in 1938 by Max Gochman and is headquartered in Katy, TX.


JFIN(Jiayin Group Inc. ) Jiayin Group, Inc. engages in an online individual finance marketplace in China connecting individual investors and individual borrowers. The company was founded by Dinggui Yan and is headquartered in Shanghai, China.




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  $SIG, $NMM, $PANL from this list and added $BVH, $CRK, $NTNX, $MEOH, $PCRFY, $GDP, $ALEX

Stock Symbol Company Name Action
SIG Signet Jewelers Ltd. Sell
NMM North Mountain Merger Corp. Sell
PANL Pangaea Logistics Solutions Ltd. Sell
BVH Bluegreen Vacations Holding Corp. Hold
CRK Comstock Resources Inc. Hold
NTNX Nutanix Inc Hold
MEOH Methanex Corporation Hold
PCRFY Panasonic Corporation Buy
GDP Goodrich Petroleum Corp Buy
ALEX Alexander & Baldwin Inc Buy

 

PCRFY(Panasonic Corp.)-  Panasonic Corporation, together with its subsidiaries, develops, produces, sells, and services various electronic products worldwide. It operates through five segments: Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions. The Appliances segment offers air conditioners, refrigerators, washing machines, vacuum cleaners, microwave ovens, rice cookers, personal care products, TVs, digital cameras, video equipment, home audio equipment, fixed-phones, show cases, compressors, and fuel cells. The Life Solutions segment provides lighting fixtures, lamps, wiring devices, solar photovoltaic systems, water-related products, interior and exterior furnishing materials, ventilation and air conditioning equipment, air purifiers, bicycles, and nursing care related products, as well as kitchen and bath products.


MEOH(Methanex Corporation )- Methanex Corporation manufactures and distributes methanol in North America, Asia, Europe, and South America. In addition, the corporation purchases methanol produced by others through methanol offtake contracts and on the spot market. It also owns and rents storage and terminal facilities. The corporation owns and operates a fleet of about 30 ocean-going vessels. It caters to chemical and petrochemical manufacturers. The company was founded in 1968 and is based in Vancouver, Canada. Methanex Corp. manufactures and distributes methanol. The company sells to customers in North America, Asia Pacific, Europe, and South America. It is also in charge of the methanol ocean tanker fleet. The company was founded on March 11, 1968, in Vancouver, Canada, and is headquartered there.


BVH(Bluegreen Vacations Holding Corp.)- Bluegreen Vacations Holding Corporation operates as a vacation ownership company. It markets and sells vacation ownership interests (VOI); and manages resorts in leisure and urban destinations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, and others. The company also provides resort management, mortgage servicing, title services, reservation, and construction design and development services; and financing to qualified VOI purchasers, as well as management services to the vacation club and homeowners’ associations. Its resort network includes 45 club resorts and 23 club associate resorts. The company was founded in 1966 and is headquartered in Boca Raton, Florida.


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.


GDP(Goodrich Petroleum Corp.)- Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas properties in the United States. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas. The company owns interests in 189 producing oil and natural gas wells located in 37 fields in six states of the United States. As of December 31, 2020, it had estimated proved reserves of approximately 543 billion cubic feet equivalent, which included 540 billion cubic feet of natural gas and 0.5 million barrels of crude oil or other liquid hydrocarbons of oil and condensate. The company was founded in 1995 and is based in Houston, Texas.


NTNX(Nutanix Inc.)- Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution. It also offers Prism Pro; Nutanix Beam, a cloud governance; and Nutanix Calm, an application marketplace, which provides automation services that streamline application lifecycle management and deliver powerful hybrid cloud orchestration. 


ALEX(Alexander & Baldwin Inc.)-  Alexander & Baldwin, Inc. (“A&B") is Hawaii’s premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases. These core assets comprise nearly 72% of A&B’s total assets. A&B is achieving its strategic objective of becoming a Hawai’i-focused commercial real estate company by expanding and strengthening its Hawai’i CRE portfolio and monetizing non-core assets. Over its 150-year history, A&B has evolved with the state’s economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. 


 

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(NMM, M, KSS, SIG, PANL) 
  • HOLD(MEOH, BVH, CRK, CAL, NTNX)
  • BUY( PCRFY, ASO, GDP, CVLG, JFIN, ALEX)

Stock Symbol Company Name Action
NMM North Mountain Merger Corp. Sell
M Macy's Inc. Sell
KSS Kohl's Corp. Sell
SIG Signet Jewelers Ltd. Sell
PANL Pangaea Logistics Solutions Ltd. Sell
MEOH Methanex Corporation Hold
BVH Bluegreen Vacations Holding Corp Hold
CRK Comstock Resources Inc Hold
CAL Caleres Inc. Hold
NTNX Nutanix Inc Hold
PCRFY Panasonic Corporation Buy
ASO Academy Sports & Outdoors Inc Buy
GDP Goodrich Petroleum Corp Buy
CVLG Comstock Resources Inc. Buy
JFIN Jiayin Group Inc Buy
ALEX Alexander & Baldwin 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top