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!!!! 

This week's stock market is up. Let’s take a look at some of the top news of the week. Singapore’s largest bank, DBS Group Holdings, posted third-quarter earnings that beat analysts’ estimates as its chief executive flagged improving business conditions in the months ahead.  Another important piece of information is that From Jeff Bezos to Tencent, entrepreneur Nipun Mehra has a wealth of investors backing his Indonesian e-commerce start-up, Ula. Other than this Cramer says this week’s election results are good for stocks, expects the market to go higher

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 & 4. Diversification, 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 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 breakthrough 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 $WIRE, $XLNX, and $ARCB

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

WIRE(Encore Wire Corp): Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm is a significant supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. It offers an electric building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, and other types of wire products, including Metal Clad, Armored Cable, Photovoltaic Cable, and Bare Copper. Its principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.

XLNX(Xilinx Inc)-: Xilinx, Inc. engages in the design and development of programmable logic semiconductor devices and related software design tools. It also provides design services, customer training, field engineering, and technical support. The company was founded by Ross Freeman, Bernard Vonderschmitt, and James V. Barnett in February 1984 and is headquartered in San Jose, CA.

ARCB(ArcBest Corp): ArcBest Corp. is a logistics company that provides end-to-end supply chain services with a focus on innovation. It operates through the following business segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The ArcBest segment refers to the operations of the company's expedited, truckload, and truckload-dedicated businesses as well as its premium logistics services; international freight transportation with air, ocean, and ground service offerings. 

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 $CYH, $MX & $CFBK  in this category.

CYH(Community Health Systems Inc): Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services. The company also provides outpatient services at primary care practices, urgent care centers, free-standing emergency departments, ambulatory surgery centers, imaging and diagnostic centers, retail clinics, and via direct-to-consumer virtual health visits.

Don’t miss: Best Stock Watchlist for Swing Trading Today – Expert Stock Picks of the Week by StockXpo

MX(MagnaChip Semiconductor Inc): Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, notebook PCs, monitors and liquid crystal displays, organic light-emitting diodes, and micro light-emitting diode (LED) televisions.

CFBK(CF Bankshares Inc): CF Bankshares, Inc. operates as a financial holding company. The firm engages in the provision of business banking products and services. Its products and services include commercial loans and leases, commercial and residential real estate loans, and treasury management depository services. The company was founded in September 1998 and is headquartered in Worthington, OH.

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 $HCCI, $ASPS, $SNDR, $PERI, $SUN, $NPNYY, $CVLG removed $ICL, $ZUO.

HCCI(Heritage-Crystal Clean Inc): Heritage-Crystal Clean, Inc. engages in the provision of parts cleaning and waste management services to the manufacturing and vehicle service sectors. It operates through the Environmental Services, and Oil Business segments. The Environmental Services segment includes parts cleaning, containerized waste management, vacuum truck services, antifreeze recycling activities, and field services. The Oil Business segment comprises of used oil collection, recycled fuel oil sales, used oil re-refining activities, and used oil filter removal and disposal services. The company was founded by Joseph Chalhoub in 1999 and is headquartered in Elgin, IL.

ASPS(Altisource Portfolio Solutions SA): Altisource Portfolio Solutions SA engages in the provision of services and technology for the mortgage and real estate industries. The firm offers field services such as property preservation and inspection services and vendor management oversight software-as-a-service (SaaS) platform. It also provides marketplace platforms including Hubzu, online real estate auction platform; and Equator, a SaaS-based technology to manage real estate owned, short sales, foreclosure, bankruptcy, and eviction processes. The company was founded on November 4, 1999 and is headquartered in Luxembourg.

SNDR(Schneider National Inc): Schneider National Inc. provides transportation and logistics services. The firm's transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services, and engineering and freight payment services. It operates through the following segments: Truckload, Intermodal, and Logistics. The Truckload segment consists of freight transported and delivered with standard and specialty equipment by employed drivers in company trucks and by owner-operators. The Intermodal segment consists of door-to-door containers on flat car service by a combination of rail and over-the-road transportation, in association with rail carrier partners.

PERI(Perion Network Ltd Common Stock): Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. It offers the following business solutions: Undertone, which connects brands to consumers using engaging creatives; Code Fuel, which enables developers to optimize search traffic and generate incremental revenue; MakeMeReach, an automated social management platform that help ad performance across Facebook, Twitter, Instagram, and Snapchat; and Smilebox, a desktop and mobile applications.

SUN(Sunoco LP): Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and oil companies and supplies it to independently operated dealer stations, distributors and another consumer of motor fuel, and partnership operated stations, as well as to commission agent locations. The All Other segment operates retail stores that offer motor fuel, merchandise, food service, and other services that include credit card processing, car washes, lottery, automated teller machines.

NPNYY(Nippon Yusen KK): Nippon Yusen KK operates as a global logistics enterprise offering ocean, land, and air transport services. It operates in six business sectors: Liner Trade, Bulk Shipping, Logistics, Air Cargo Transport, Real Estate, and Others. The company was founded on September 29, 1885 and is headquartered in Tokyo, Japan.

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 is 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 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(SIG, OVV, JEF, PBAM, ICL, ZUO)
• Hold(ARCB, MX, HCCI, ASPS, SNDR, PERI, SUN)
• Buy(WIRE, XLNX, CYH, CFBK, NPNYY, CVLG)

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.

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Happy Trading!!!!