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 the Stock market was up. Let’s take a look at some of the top news of the week first.China’s economy grew 18.3% year over year in the first quarter, a record rate of growth that reflected the rebound from a deep coronavirus-induced trough in early 2020 and the world’s second largest economy sustained momentum. Pfizer Inc. and Moderna Inc. declined Johnson & Johnson’s private invitation to enter an initiative to research the dangers of blood clots and talk in one voice about protection, but Pfizer Inc. and Moderna Inc. declined. Other news is that Massachusetts securities regulators requested that Robinhood Market Inc.’s broker-dealer registration be revoked on Thursday, preventing the famous online brokerage from doing business in the state.

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 our this week’s recommendations. Please note that overall the market was very much on the down side, 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 the 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 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 break through their 8 week high and even 52 week 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 $CONN, $OLN and $LPX. Please note that – compared to last week, we have removed $COHR and $USAK.

CONN(Conn’s Inc)-Conn’s, Inc. is a holding company, which engages in the retail and provision of consumer goods and related services. It also offers proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. The firm operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market; and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories. The Credit segment provides in-house consumer credit programs that offer standardized credit decisions, including down payment, limit amounts, and credit terms. The company was founded by Edward Eastham in 1890 and is headquartered in The Woodlands, TX.

OLN(Olin Corporation)- Olin Corp. engages in manufacturing of chemicals products. It operates through the following segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. . The Epoxy segment produces and sells epoxy materials, which includes allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges

LPX(Louisiana-Pacific Corporation)- Louisiana-Pacific Corp. engages in designing, manufacturing and marketing of products for the new home construction, repair and remodeling and outdoor structures markets. It operates through the following four segments: Siding, Oriented Strand Board (OSB), Engineered Wood Products, and South America. The Siding segment offers wood-based sidings, trim, soffit, fascia, and prefinished lap and trim products in a variety of patterns and textures. The OSB segment manufactures and distributes oriented strand board structural panel products. The Engineered Wood Products segment includes laminated veneer lumber, laminated strand lumber, I-Joists, and other related products.

StockXpo’s – ValueGrowth Strategy

As you know, this is more like Buffett’s Value Strategy, but our stock picking criteria is to pick the top 3 out of such value stocks. Moreover, we are more likely to hold them for short term not 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. Our Stock Picks for this week are $WGO, $JEF and $SGH. We have finally removed $MVBF and $TCFC. Regardless of fall of the stock market due to COVID-19 fears, we have still booked some profit before they are wiped out from these stocks.

WGO(Winnebago Industries, Inc.)- Winnebago Industries, Inc. engages in the design, development, manufacture, and sale of motorized and towable recreation products. It operates through the following segments: Grand Design towables, Winnebago towables, Winnebago motorhomes, Newmar motorhomes, Chris-Craft marine and Winnebago specialty vehicles. The company was founded on February 12, 1958 and is headquartered in Forest City, IA.While the historical EPS growth rate for Winnebago is 14.7%, investors should actually focus on the projected growth. The company’s EPS is expected to grow 180.6% this year, crushing the industry average, which calls for EPS growth of 46.7%.

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

SGH(Smart Global Holdings Inc)- SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. The company specializes in application specific product development and support for customers in enterprise, government and original equipment manufacturer, or OEM, markets. It operates through the following segments: Specialty Memory Products, Brazil Products and Specialty Compute and Storage Solutions (SCSS). The Specialty Memory Products segment focuses on design and manufacture of application-specific products, technical support and value-added testing services that differ from the core focus of standard memory module providers. 

JEF(Jefferies Financial Group Inc)- Jefferies Financial Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group. The Merchant Banking segment includes various merchant banking businesses and investments, primarily including Linkem, Vitesse Energy Finance and JETX Energy, real estate, Idaho Timber, and FXCM. The Corporate segment pertains to cash and cash equivalents, financial instruments owned, and deferred tax assets of the firm. The company was founded in 1968 and is headquartered in New York, NY.

StockXpo’s TechFund Strategy

This is the most active category and we give a lot of preference here to stocks which have strong technical and strong fundamental current and past track records. That’s why we call it TechFund (TAFA) strategy. Just like other strategies, we pick these companies here for weekly based swing trade recommendations.

Please note that we have removed $UEPS,$USAK,$REVG and $FOR from this strategy picks. We have added $TH, $GRBK, $RAIL ,$PFSW , $ALOT, $VOLT & $AMAT.

TH(Target Hospitality Corp)- Target Hospitality Corp. engages in the provision of rental accommodations with premium catering and value-added hospitality services. It operates through the following business segments: Permian Basin, Bakken Basin, and Government. The Permian Basin segment operates facilities in the Permian Basin region and communities in Texas and New Mexico. The Bakken Basin segment reflects the facilities and operations in the Bakken Basin region and communities in North Dakota. The Government segment includes facilities and operations of the family residential center and support communities in Dilley, Texas. The company was founded by Brian Scott Lash in 1978 and is headquartered in The Woodlands, TX.

GRBK(Green Brick Partners Inc)- Green Brick Partners, Inc. engages in residential land development and homebuilding. It operates through the Builder Operations and Land Development segments. The Builder Operations segment consists of the Builder operations Southeast and Builder operations Central segments. It offers customization options and builds energy-efficient homes located in the metropolitan areas of Dallas, Texas, and Atlanta, Georgia. The Land Development segment sells finished lots or option lots from third-party developers to their controlled builders for homebuilding operations and provides them with construction financing and strategic planning. The company was founded by James R. Brickman on April 11, 2006 and is headquartered in Plano, TX.

RAIL(FreightCar America, Inc.)- FreightCar America, Inc. engages in the manufacture or railcars and railcar components. It operates through Manufacturing; and Corporate and Other segments. The Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds. The Corporate and Other segment focuses on the sales of parts. The company was founded in 1901 and is headquartered in Chicago, IL. The  Consensus Estimate for its current year earnings has been revised 15.9% downward over the last 30 days.

PFSW(PFSweb, Inc.)- PFSweb, Inc. engages in the provision of global commerce solutions. It operates through the LiveArea Professional Services and PFS Operations segments.The LiveArea Professional Services segment offers services to support, develop, and improve the digital shopping experience including eCommerce strategy and consulting, omni-channel experience design, digital marketing, data strategy, and technology services. The PFS Operations segment provides services to support and improve the physical and post-click experience, such as logistics and fulfillment; customer care and order to cash service; and distributed order orchestration and payment services. The company was founded by Mark C. Layton in 1994 and is headquartered in Allen, TX.

VOLT(Volt Information Sciences, Inc.)- Volt Information Sciences, Inc. engages in the provision of staffing services. It operates through the following segments: North American Staffing, International Staffing, North American MSP, and Corporate and Other. The North American and International Staffing segments provide workforce management expertise such as staffing, direct placement, staffing management, and other employment services. The North American MSP segment consists of managing the procurement and on-boarding of contingent workers; managing suppliers and providing sourcing and recruiting support; statement of work management; supplier performance measurement; optimization and analysis; benchmarking of spend demographics and market rate analysis; consolidated customer billing; and supplier payment management. 

AMAT(Applied Materials, Inc.)- Applied Materials, Inc. engages in the provision of materials engineering solutions used to produce new chips and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging. The Applied Global Services segment provides solutions to optimize equipment, performance, and productivity. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes; coating systems and display technologies for television; personal computers, tablets, smart phones, and consumer-oriented devices.

ALOT(AstroNova Inc)- AstroNova, Inc. engages in the design, development, manufacture, and distribution of specialty printers and data acquisition and analysis systems. It operates through the Product Identification (PI) and Test and Measurement (T&M) segments. The PI segment offers digital label printers, over-printers, labeling software, spare parts, service contracts, and related printing supplies such as pressure sensitive labels, tags, inks, toners, and thermal transfer ribbons used in product identification digital printers. The T&M segment includes a line of aerospace printers that are used to print hard copies of data required for the operation of aircraft including navigation maps, arrival and departure procedures, flight itineraries, weather maps, performance data, passenger data, and various air traffic control data. The company was founded by Albert W. Ondis on January 9, 1969 and is headquartered in West Warwick, RI

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 query and information.

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Happy Trading!!!!