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!!!! 

After going down on Monday afternoon, Stock  Market rebound for two consecutive days. We are hoping for the same today, before closing. As we have announced, here we are early on Thursday this week with our best stocks to buy for Swing Trading for this week recommendation. Stock Futures has now sold more than $10 billion in Tesla Inc. stock, extending the billionaire’s share-selling spree in the electric-vehicle maker into a second month. Other than this Alphabet Inc.’s Tech Stocks announced a delay in its required return-to-office plans, which were set to begin on Jan. 10 at the earliest for U.S. offices.

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 $BLDR, $VRS and $ON

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

Stock Symbol Company Name Action
BVH Bluegreen Vacations Holding Corporation Sell
BLDR Builders FirstSource, Inc. Hold
ON ON Semiconductor Corporation Hold
VRS Verso Corporation Buy

 

BLDR(Builders FirstSource, Inc.): Builders FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, sub-contractors, remodelers and consumers. The firm operates through the following segments: Northeast, Southeast, South and West. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood. The company was founded by Kevin P. O’Meara, Donald F. McAleenan and John D. Roach in March 1998 and is headquartered in Dallas, TX.


VRS(Verso Corporation.)- Verso Corp. engages in the production and supply of coated paper and products. The firm operates through the following segments: Paper and Pulp business. It offers paper products ranging from web, coated, digital, specialty and book and uncoated. The company was founded on August 1, 2006 and is headquartered in Miamisburg, OH.


ON (ON Semiconductor Corporation.): ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.




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 $GMS, $TCS and $QDEL  in this category.

Stock Symbol Company Name Action
ESLT Elbit Systems Ltd. Sell
GOGL Golden Ocean Group Limited Sell
GMS GMS Inc Hold
TCS The Container Store Group, Inc. Buy
QDEL Quidel Corporation Buy

GMS(GMS Inc.): GMS Inc. is a distributor of specialty building products, including wallboard, suspended ceiling systems, steel framing and other complementary building products. The Company purchases products from many manufacturers and then distributes these goods to a customer base consisting of wallboard and ceilings contractors, homebuilders, and general contractors and individuals. Its wallboard is used as a building product for interior and exterior walls and ceilings in residential and commercial structures. Its ceilings product line consists of suspended mineral fiber, soft fiber and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools and others. Its steel framing product line consists of steel track, studs and the various other steel products used to frame the interior walls of a commercial or institutional building. It operates a network of approximately 280 distribution centers across the United States and Canada.


TCS(The Container Store Group, Inc.): The Container Store Group, Inc. is a holding company, which engages in the retail of storage and organization products and solutions. It operates through The Container Store and Elfa segments. The Container Store segment consists of retail stores, website and call center, as well as installation and organizational services business. The Elfa segment involves in the design and manufacture of component-based shelving and drawer systems and made-to-measure sliding doors. The company was founded in 1978 and is headquartered in Coppell, TX.


QDEL(Quidel Corporation)- Quidel Corp. engages in the development, manufacture and market of rapid diagnostic testing solutions. Its portfolio includes rapid immunoassays, cardiac immunoassays, specialized diagnostic solutions and molecular diagnostic solutions. The firm products are directly sold to end users and distributors and for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, urgent care clinics, universities, retail clinics, pharmacies and wellness screening centers. The company was founded in 1979 and is headquartered in San Diego, CA.




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 $BVH, $ARLO, $OCN, $JBL, $TWI, $NMRK, $CHRW removed $SIMO, $CPSS, $UVE

Stock Symbol Company Name Action
SIMO Silicon Motion Technology Corporation Sell
CPSS Consumer Portfolio Services, Inc Sell
UVE Universal Insurance Holdings, Inc Sell
OCN Ocwen Financial Corporation Hold
BVH Bluegreen Vacations Holding Corporation Hold
ARLO Arlo Technologies, Inc. Hold
JBL Jabil Inc. Hold
TWI Titan International, Inc. Buy
NMRK Newmark Group, Inc. Buy
CHRW C.H. Robinson Worldwide, Inc. Buy

 

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.


ARLO(Arlo Technologies Inc.): Arlo Technologies, Inc., together with its subsidiaries, provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Go, a LTE-enabled wire-free camera that provides untethered mobile security; Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision; Arlo Chime, a product that plugs into standard wall outlet and pairs with the Arlo Audio Doorbell to play various ringtones or act as a siren; and Arlo Ultra, an integrated spotlight and crystal-clear two-way audio with advanced noise cancellations camera.


OCN(Ocwen Financial Corporation.)Ocwen Financial Corp. is a financial services holding company, which through its subsidiaries engages in the servicing and origination of mortgage loans. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing and asset management services. The Lending segment involves in the originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment include revenues and expenses that are not directly related to other reportable segment. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.


TWI(Titan International, Inc. ) Titan International, Inc. is a holding company, which engages in the manufacture of wheels, tires, and undercarriage industrial. It operates through the following segments: Agricultural, Earthmoving and Construction, and Consumer. The Agricultural segment manufactures rims, wheels, and tires for use in various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The Earthmoving and Construction segment produces rims, wheels and tires for various types of off the road earthmoving, mining, military and construction equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, and backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. The Consumer segment manufactures truck tires in Latin America and light truck tires in Russia; and also offers select products for turf and golf cart applications. The company was founded by John A. Stillwell in 1890 and is headquartered in Quincy, IL.


NMRK(Newmark Group, Inc.): Newmark Group Inc. engages in the provision of commercial real estate services. It offers its services to commercial real estate tenants, investors, owners, occupiers, developers, leasing and corporate advisory, investment sales and real estate finance, consulting, origination and servicing of commercial mortgage loans, valuation, project and development management and property and facility management. The company was founded in 1929 and is headquartered in New York, NY.


CHRW(C.H. Robinson Worldwide, Inc.): C.H. Robinson Worldwide, Inc. engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico. The Global Forwarding segment provides global logistics services through an international network of offices in North America, Europe, Asia, Australia, New Zealand, and South America. The company was founded by Charles Henry Robinson in 1905 and is headquartered in Eden Prairie, MN.


JBL(Jabil Inc.): Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the following segments: Electronics Manufacturing Services and Diversified Manufacturing Services. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.


 

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: (ESLT, SIMO, CPSS, UVE, GOGL)
  • HOLD:(BLDR, GMS, OCN, BVH, ARLO, ON, JBL)
  • BUY: (TWI, QDEL, TCS, VRS, NMRK, CHRW)

Stock Symbol Company Name Action
ESLT Elbit Systems Ltd. Sell
SIMO Silicon Motion Technology Corporation Sell
CPSS Consumer Portfolio Services, Inc. Sell
UVE Universal Insurance Holdings, Inc Sell
GOGL Golden Ocean Group Limited Sell
BLDR Builders FirstSource, Inc. Hold
GMS GMS Inc. Hold
OCN Ocwen Financial Corporation Hold
BVH Bluegreen Vacations Holding Corporation Hold
ARLO Arlo Technologies, Inc. Hold
ON ON Semiconductor Corporation Hold
JBL Jabil Inc. Hold
TWI Titan International, Inc. Buy
QDEL Quidel Corporation Buy
TCS The Container Store Group, Inc. Buy
VRS Verso Corporation Buy
NMRK Newmark Group, Inc. Buy
CHRW C.H. Robinson Worldwide, 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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Happy Trading!!!!

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