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!!!! 

Stock futures in the United States opened higher Thursday night, with contracts on the Dow, S&P 500, and Nasdaq all moving higher. Ford’s partnership with GlobalFoundries is likely to be the first of many between the semiconductor industry and car companies vying to catch Tesla. Just don’t expect Detroit to manufacture microchips. Other than this Two top officials at Pennsylvania’s largest pension fund is stepping down amid a federal investigation and calls from some board members for their removal.

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, $DFIN, 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.

DFIN (Donnelley Financial Solutions Inc): Donnelley Financial Solutions, Inc. is a global provider of risk and compliance solutions. The company is divided into four segments: The CM-SS sector offers public and private companies Venue, ActiveDisclosure, eBrevia, and EDGAR Online solutions for managing public and private transaction processes, extracting data, and analysing contracts, collaborating, and tagging, validating, and filing SEC filings. For deal solutions and SEC compliance requirements, the CM-CCM division provides technology enabled services as well as print and distribution solutions to public and private enterprises. The IC-SS segment offers clients the proprietary Arc Portfolio platform, which includes a comprehensive suite of cloud-based compliance and regulatory information storage and management solutions and services. Through the SEC EDGAR system, the IC-CCM division provides clients with technology-enabled solutions for preparing and filing regulatory communications, investor communications, and XBRL-formatted filings pursuant to the Investment Act. Donnelley Financial Solutions, Inc. is based in Chicago, Illinois, and was formed in 1983.

ARCB(ArcBest Corp): ArcBest Corp. is a logistics company which 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 expedite, 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  $JAKK, $QDEL & $CYH  in this category.

JAKK(JAKKS Pacific, Inc.) : JAKKS Pacific, Inc. creates, manufactures, and sells toys, consumables, electronics, and related goods all over the world. Toys/Consumer Products and Halloween are the two segments in which the company operates. It sells licenced characters, as well as action figures and accessories; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls; infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and waggons. Role play, dress-up, pretend play, and novelty products for boys and girls are also available, based on brands and entertainment assets. JAKKS Pacific, Inc. is based in Santa Monica, California, and was formed in 1995.

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

QDEL(Quidel Corporation): Quidel Corporation is a global diagnostic testing company that develops, manufactures, and markets diagnostic testing solutions for infectious diseases, cardiology, thyroid, women’s and general health, eye health, gastrointestinal diseases, and toxicology. Sofia and Sofia 2 fluorescent immunoassay systems, QuickVue lateral flow immunoassay products, and InflammaDry and AdenoPlus point-of-care solutions for infectious and inflammatory diseases and disorders of the eye are among the goods available. Biomarkers are also provided by the company, which include clinical and research products for the diagnosis of osteoporosis and the measurement of bone resorption/formation, as well as enzyme linked immunosorbent tests and reagents for the detection of degenerative diseases.

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.

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 INBK, CPSS, STRL, ARAY, WIRE, DFIN, HSON removed $HCCI, $PERI, $HAFC, $AINC, $ARCB from this list 

INBK(First Internet Bancorp) – First Internet Bancorp is the holding company for First Internet Bank of Indiana, which offers commercial and retail banking services to people and businesses across the United States. Non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit, are all accepted by the company. The firm is involved in the purchase, management, service, and safeguarding of municipal securities, as well as providing government agencies with municipal finance loan and leasing solutions. The company’s services are available via its website, firstib.com. First Internet Bancorp was established in 1999 and is situated in Fishers, Indiana.

STRL(Sterling Construction Company, Inc.) – Sterling Construction Company, Inc., a construction company, engages in the heavy civil, specialty services, and residential construction activities primarily in the southern United States, the Rocky Mountain states, California, and Hawaii. The company undertakes various heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads. It offers specialty services such as foundations for multi-family homes, parking structures, and other commercial concrete projects for blue-chip end users in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors.

CPSS(Consumer Portfolio Services, Inc.)– Consumer Portfolio Services, Inc. operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories or past credit problems. It serves as an alternative source of financing for dealers, facilitating sales to customers who might not be able to obtain financing from commercial banks, credit unions, and captive finance companies.

ARAY(Accuray Incorporated)– Accuray Incorporated develops, manufactures, and sells radiotherapy systems for alternative cancer treatments in the Americas, Europe, the Middle East, India, Africa, Japan, China, and rest of the Asia Pacific region. It offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body, such as prostate, lung, brain, spine, liver, pancreas, and kidney. The company also provides the TomoTherapy System, including the Radixact System, which consists of an integrated radiation therapy system designed for the treatment of a range of cancer types. In addition, it offers post-contract customer support, installation, training, and other professional services.

WIRE(Encore Wire Corporation): Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products. The company sells its products to wholesale electrical distributors primarily through independent manufacturers’ representatives. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.

DFIN(Donnelley Financial Solutions, Inc.): Donnelley Financial Solutions, Inc. operates as a risk and compliance solutions company worldwide. The company operates through four segments: Capital Markets – Software Solutions (CM-SS), Capital Markets – Compliance and Communications Management (CM-CCM), Investment Companies – Software Solutions (IC-SS), and Investment Companies – Compliance and Communications Management (IC-CCM). The CM-SS segment provides Venue, ActiveDisclosure, eBrevia, and EDGAR Online solutions to public and private companies to manage public and private transaction processes, extract data, and analyze contracts; collaborate; and tag, validate, and file SEC documents.

HSON(Hudson Global, Inc.)- Hudson Global, Inc. provides talent solutions for mid-to-large-cap multinational companies and government agencies under the Hudson RPO brand in the Americas, the Asia Pacific, and Europe. It offers recruitment process outsourcing (RPO) services, such as complete recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting for clients’ permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services. The company was formerly known as Hudson Highland Group, Inc. and changed its name to Hudson Global, Inc. in April 2012. Hudson Global, Inc. was founded in 1999 and is headquartered in Old Greenwich, Connecticut.

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: (HCCI, PERI, HAFC, AINC, JAPAY)
• HOLD:(INBK, CPSS, QDEL, JAKK, ARCB, WIRE, DFIN)
• BUY: (STRL, ARAY, CYH, HSON)

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.