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 up this week. Let’s take a look at some of the top news of the week. After reopening following a long holiday in China, Japanese stocks outperformed and China climbed. Following the third day of advances for US markets, the S&P 500, Nasdaq 100, and European futures all fluctuated. The 10-year Treasury yield hit its highest level since June. Investors are concerned about inflation as a result of a worldwide oil shortage, and the US payrolls report on Friday may confirm expectations that the Federal Reserve will begin cutting bond purchases shortly. Global equities are on track to have their best week since early September, boosted by the United States’ decision to avoid an immediate default despite political squabbling over the debt ceiling.

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 $ARCH, $CRK and $CAR

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

Stock Symbol Company Name Action
GDP Goodrich Petroleum Corp Sell
ARCB ArcBest Corp Sell
CAR Avis Budget Group Inc. Hold
ARCH Arch Resources Inc Buy
CRK Comstock Resources Inc Buy

 

ARCH  (Arch Resources Inc): Arch Resources, Inc. mines thermal and metallurgical coal and sells it both on the surface and underground. The firm had seven active mines as of December 31, 2020. It also owned or controlled roughly 28,292 acres of coal land in Ohio, 1,060 acres of coal property in Maryland, and 10,095 acres of coal land in Virginia, mostly through long-term leases. In the United States, Europe, Asia, Central and South America, and Africa, the corporation offers its goods to utility, industrial, and steel companies. Arch Coal, Inc. was the company’s previous name until May 2020, when it was renamed Arch Resources, Inc. Arch Resources, Inc. was established in 1969 and is based in St. Louis, Missouri.


CRK (Comstock Resources Inc).: Comstock Resources, Inc. is an independent energy firm that primarily works in Texas, Louisiana, and North Dakota to acquire, explore for, develop, and produce oil and natural gas. The company had proved reserves of 5.6 trillion cubic feet of natural gas equivalent and 17 million barrels of oil equivalent as of December 31, 2020. It also has a stake in 2,864 oil and gas wells that are currently producing. Comstock Resources, Inc. is based in Frisco, Texas, and was formed in 1983.


CAR (Avis Budget Group Inc.): Avis Budget Group, Inc., along with its subsidiaries, offers businesses and consumers car and truck rentals, car sharing, and related services. It operates the Avis brand, a vehicle rental system that provides rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental business with a fleet of approximately 20,000 vehicles that are rented through a network of approximately 515 dealer-operated and 410 company-operated locations that serve the consumer and leisure segments of the travel industry; and the Budget Truck brand, a local and one-way truck rental business with a fleet of approximately 20,000 vehicles. Additionally, it provides additional liability, personal accident, personal effects protection, emergency sickness protection, and cargo insurance products, as well as fuel service alternatives, roadside assistance services, and electronic toll collecting services. Avis Budget Group, Inc. has over 10,600 sites across the world. Cendant Corporation was the previous name of the corporation, which changed to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. is based in Parsippany, New Jersey, and was founded in 1946.




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 $REGN $BCS $JEF in this category.

Stock Symbol Company Name Action
ASO Academy Sports & Outdoors Inc Sell
TLYS Tilly's Inc Sell
SMLP Summit Midstream Partners LP Sell
REGN Regeneron Pharmaceuticals Inc Buy
BCS Barclays PLC Buy
JEF Jefferies Financial Group Inc Buy

REGN (Regeneron Pharmaceuticals Inc): Regeneron Pharmaceuticals, Inc. develops, manufactures, and sells pharmaceuticals to treat a variety of medical problems around the world. It sells Dupixent injection, which is used to treat atopic dermatitis and asthma in adults; Praluent injection, which is used to treat heterozygous familial hypercholesterolemia or clinical atherosclerotic cardiovascular disease in adults; and Kevzara solution, which is used to treat rheumatoid arthritis in adults. Sanofi, Bayer, Teva Pharmaceutical Industries Ltd., Mitsubishi Tanabe Pharma Corporation, Alnylam Pharmaceuticals, Inc., Roche Pharmaceuticals, and Kiniksa Pharmaceuticals, Ltd. have collaboration and license agreements with the company, as well as a deal with the US Department of Health and Human Services. Zai Lab Limited, Intellia Therapeutics, Inc., Biomedical Advanced Research Development Authority, and AstraZeneca PLC are among the companies with which it has partnered. Regeneron Pharmaceuticals, Inc. is based in Tarrytown, New York, and was formed in 1988.


BCS (Barclays PLC): Barclays PLC offers a variety of financial goods and services in the United Kingdom, the rest of Europe, the Americas, Africa, the Middle East, and Asia through its subsidiaries. The corporation is divided into two divisions: Barclays UK and Barclays International. Retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services are among the services it provides. In addition to securities trading, the organization also issues credit cards. Barclays Bank Limited was the previous name of the corporation, which was changed to Barclays PLC in January 1985. Barclays PLC is based in London, United Kingdom, and was founded in 1690.


JEF (Jefferies Financial Group Inc): In the Americas, Europe, the Middle East, Africa, and Asia, Jefferies Financial Group Inc. participates in investment banking and capital markets, asset management, and direct investing. Investment Banking & Capital Markets, Asset Management, Merchant Banking, and Corporate are the segments in which it works. Financial advisory, equity, and debt underwriting, as well as corporate lending services; equities research, sales, and trading services; equity finance services, including financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families, and businesses, as well as private equity and venture capital.




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 and added $CEIX $LXU $CRK $ARCB $CVLG $CAR $EVH and removed $TECK $GDP $ECHO $AN $CPLG

Stock Symbol Company Name Action
GDP Goodrich Petroleum Corp Sell
TECK Teck Resources Ltd Sell
ECHO Echo Global Logistics, Inc. Sell
AN AutoNation, Inc. Sell
CPLG CorePoint Lodging Inc Sell
CAR Avis Budget Group Inc. Hold
CRK Comstock Resources Inc. Hold
CEIX Consol Energy Inc Buy
LXU LSB Industries, Inc. Buy
ARCB ArcBest Corp Buy
CVLG Covenant Logistics Group Inc Buy
EVH Evolent Health Inc Buy

 

CEIX  (Consol Energy Inc): Bituminous coal is produced and exported by CONSOL Energy Inc. The company’s headquarters are in Canonsburg, Pennsylvania, where it was founded in 1860. It works through three segments: PAMC, CONSOL Marine Terminal, and Other. The firm mines, prepares, and markets thermal coal, as well as providing coal export terminal services and developing the Itmann Mine and Greenfield reserves. It owns and runs the Pennsylvania Mining Complex (PAMC), which includes the Bailey Mine, Enlow Fork Mine, Harvey Mine, and Central Preparation Plant, as well as the CONSOL Marine Terminal in Baltimore’s port. PAMC held 657.9 million tonnes of proved and probable coal reserves as of December 31, 2020.


LXU (LSB Industries, Inc.): In the United States, LSB Industries, Inc. manufactures, markets, and sells chemical products. It sells nitrogen-based fertilizers such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate, as well as NPK fertilizer blends for corn and other crops. High purity and commercial grade ammonia, high purity ammonium nitrate, sulfuric acids, mixed nitrating acids, carbon dioxide, and diesel exhaust fluids, as well as concentrated, blended, and regular nitric acids for various applications, including semi-conductor and polyurethane intermediates, are all available from the company. The firm offers its goods both through distributors and directly to end-users. The agricultural, industrial, and mining markets are all served by it. LSB Industries, Inc. is based in Oklahoma City, Oklahoma, and was formed in 1968.


CRK (Comstock Resources Inc).: Comstock Resources, Inc. is an independent energy firm that primarily works in Texas, Louisiana, and North Dakota to acquire, explore for, develop, and produce oil and natural gas. The company had proved reserves of 5.6 trillion cubic feet of natural gas equivalent and 17 million barrels of oil equivalent as of December 31, 2020. It also has a stake in 2,864 oil and gas wells that are currently producing. Comstock Resources, Inc. is based in Frisco, Texas, and was formed in 1983.


ARCB  (ArcBest Corp): ArcBest Corporation specializes in freight transportation and logistics integration. Asset-Based, ArcBest, and FleetNet are the three segments through which it works. Through agreements with trucking companies, it also provides motor carrier freight transportation services to customers in Mexico. It also provides third-party transportation brokerage services, sourcing a variety of capacity solutions such as dry van over the road and intermodal, temperature-controlled and refrigerated, flatbed, intermodal, or container shipping, and specialty equipment. Arkansas Best Corporation was the company’s previous name until May 2014, when it was renamed ArcBest Corporation. ArcBest Corporation, headquartered in Fort Smith, Arkansas, was formed in 1923.


CVLG (Covenant Logistics Group Inc): Covenant Logistics Group, Inc. provides transportation and logistics services in the United States through its companies. Expedited, Dedicated, Managed Freight, and Warehousing are the company’s four segments. Customers with high service freight and delivery criteria are served by the Expedited sector, which generally delivers truckload services. The Dedicated segment provides customers with guaranteed truckload capacity for agreed-upon periods, employing company-owned or leased equipment. The Managed Freight division provides brokerage services, as well as logistics capacity, by contracting third parties to transport customers’ freight. The Warehousing segment provides customers with day-to-day warehouse management services. Shuttle and switching services for containers and trailers are also provided by this segment. Used equipment sales and leasing are also part of the company’s operations. Covenant Transportation Group, Inc. was the company’s previous name until July 2020, when it was renamed Covenant Logistics Group, Inc. Covenant Logistics Group, Inc. is situated in Chattanooga, Tennessee, and was founded in 1986.


CAR (Avis Budget Group Inc.): Avis Budget Group, Inc., along with its subsidiaries, offers businesses and consumers car and truck rentals, car sharing, and related services. It operates the Avis brand, a vehicle rental system that provides rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental business with a fleet of approximately 20,000 vehicles that are rented through a network of approximately 515 dealer-operated and 410 company-operated locations that serve the consumer and leisure segments of the travel industry; and the Budget Truck brand, a local and one-way truck rental business with a fleet of approximately 20,000 vehicles. Additionally, it provides additional liability, personal accident, personal effects protection, emergency sickness protection, and cargo insurance products, as well as fuel service alternatives, roadside assistance services, and electronic toll collecting services. Avis Budget Group, Inc. has over 10,600 sites across the world. Cendant Corporation was the previous name of the corporation, which changed to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. is based in Parsippany, New Jersey, and was founded in 1946.


EVH (Evolent Health Inc): Evolent Health, Inc. provides health care delivery and payment solutions in the United States through its subsidiary, Evolent Health LLC. The business is divided into two segments: Services and True Health. The Services sector offers value-based care services such as Identify, a proprietary technology system that gathers and analyses data, controls care workflows, and engages patients; population health performance, which provides patient-centric, cost-effective care; and delivery network alignments. In New Mexico, the True Health division manages a commercial health plan for small and large organizations. Evolent Health, Inc. is based in Arlington, Virginia, and was founded in 2011.


 

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: (ASO, TECK, GDP, TLYS, ECHO, AN, SMLP, CPLG)
  • HOLD: (ARCB, CRK, CAR)
  • BUY: (BCS, ARCH, CEIX, LXU, JEF, REGN, CVLG, EVH)

Stock Symbol Company Name Action
ASO Academy Sports & Outdoors Inc Sell
GDP Goodrich Petroleum Corp Sell
TECK Teck Resources Ltd Sell
TLYS Tilly's Inc Sell
ECHO Echo Global Logistics, Inc. Sell
AN AutoNation, Inc. Sell
SMLP Summit Midstream Partners LP Sell
CPLG CorePoint Lodging Inc Sell
CRK Comstock Resources Inc Hold
CAR Avis Budget Group Inc. Hold
ARCB ArcBest Corp Hold
BCS Barclays PLC Buy
ARCH Arch Resources Inc Buy
CEIX Consol Energy Inc Buy
LXU LSB Industries, Inc. Buy
JEF Jefferies Financial Group Inc Buy
REGN Regeneron Pharmaceuticals Inc Buy
CVLG Covenant Logistics Group Inc Buy
EVH Evolent Health 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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