Hot Stocks to buy for Swing Trading for this week – Expert Stock Picks of the Week by StockXpo

The Stock Market was up this week.. Let’s take a look at some of the top news of the week first. In a single year, Alibaba rival JD raises more than $10 billion through stock offerings.. In addition, According to the report, Europe’s ports will require $7.9 billion in investment to support offshore wind expansion.. Other than this Dow futures rise nearly 200 points as investors become more optimistic about the economy’s recovery.

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 $IGT, $TEN and $CNR Please note that – compared to last week, we have removed $BNTX, $CCS.

Stock Symbol Company Name Action
BNTX BioNTech SE ADR Sell
CCS Century Communities Inc. Sell
IGT International Game Technology PLC Hold
TEN Tenneco Inc. Buy
CNR Cornerstone Building Brands Inc. Buy

 

IGT(International Game Technology PLC)- International Game Technology Plc creates, manufactures, and sells electronic gaming equipment, software, and network systems. It operates in two segments: Global Lottery and Global Gaming. The Global Lottery segment is in charge of the traditional lottery and iLottery businesses around the world, including sales, operations, product development, technology, and support. iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology are all part of the Global Gaming segment. The company was founded on July 11, 2014, and is based in London, England.



TEN(Tenneco Inc. Cl A)- BioNTech SE is a clinical-stage biotechnology firm. It is organised into two business units: Biotech Business and External Services. Clinical, Technology Platform, and Manufacturing segments comprise the Biotech Business unit.It also includes operations for business services. The External Services segment includes activities related to the sale of diagnostic products, peptides, retroviral vectors for clinical supply, development, and manufacturing services. On June 2, 2008, Christopher Huber, Ozlem Tureci, and Ugur Sahin founded the company, which is headquartered in Mainz, Germany.

CNR(Cornerstone Building Brands Inc.)- Century Communities, Inc. develops, designs, builds, markets, and sells single-family attached and detached homes. It operates in five business segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. The West section includes Southern California, the Central Valley, the Bay Area, and Washington. Colorado, Nevada, and Utah are represented by the Mountain segment. Houston, San Antonio, and Austin make up the Texas segment. Georgia, North Carolina, South Carolina, and Tennessee make up the Southeast segment. Alabama, Arizona, Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina, and Tennessee comprise the Wade Jurney Homes segment.

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 the 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. You may be surprised here but we are not changing our stock picks yet. These stocks still have a lot of potential and so we are still holding on to them this week. So our picks are $ALTO, $AMO and $SC  in this category

Stock Symbol Company Name Action
ALTO Alto Ingredients Inc Hold
AMOT Allied Motion Technologies Inc. Hold
SC Santander Consumer USA Holdings Inc. Hold

ALTO(Alto Ingredients Inc.)- A-Mark Precious Metals, Inc. is a precious metals trader. It operates in three divisions: wholesale trading and ancillary services, secured lending, and direct sales. Gold, silver, platinum, and palladium are available in the Wholesale Trading and Ancillary Services segment in the form of bars, plates, powder, wafers, grain, ingots, and coins. Coin and precious metal dealers, investors, and collectors are served by the Secured Lending segment. The Direct Sales division sells precious metals to investors. Steven C. Markoff founded the company on April 9, 1965, and it is headquartered in El Segundo, California.


AMOT(Allied Motion Technologies Inc.)- Allied Motion Technologies, Inc. manufactures precision and specialty controlled motion components and systems that are used in a variety of industries. Vehicle, medical, aerospace and defence, and industrial markets are among its target markets. Brushless motors, brushless motor drives, brushed DC motors, gear motors, and blowers are all available. The company was founded in 1962 and is based in Amherst, New York.


SC(Santander Consumer USA Holdings Inc.)- Santander Consumer USA Holdings, Inc. is a consumer finance company based in the United States. It provides motorcycles, automobiles, and marine vehicles with retail instalment contracts, vehicle leases, dealer loans, financial goods, and services. The company was founded in July 2013 and is based in Dallas, Texas.Our proprietary system currently recommends Santander Consumer as one of these stocks. Not only does the organisation have a high Growth Score, but it also has a high Rank.According to research, stocks with the best growth characteristics consistently outperform the market. Stocks with a Growth Score of A or B produce even better returns.




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 the TechFund (TAFA) strategy. Just like other strategies, we pick these companies here for weekly based swing trade recommendations. 

Please note that we have removed $CCS, $MFIN, $BSET, $EXTR & $GDEN from this list and added $TEN, $AMTB, $BHLB, $PLCE , $EDRY$IGT & $EMKR.

Stock Symbol Company Name Action
CCS Century Communities Inc. Sell
MFIN Medallion Financial Corp. Sell
BSET Bassett Furniture Industries Inc. Sell
EXTR Extreme Networks Inc. Sell
GDEN Golden Entertainment Inc. Sell
EMKR Emcore Corp. Hold
BHLB Berkshire Hills Bancorp Inc Hold
TEN Tenneco Inc. Buy
AMTB Amerant Bancorp Inc. Cl A. Buy
PLCE Children's Place Inc. Buy
EDRY EuroDry Ltd. Buy
IGT International Game Technology PLC Buy

 

TEN(Tenneco Inc. Cl A)- Tenneco, Inc. engages in the design, manufacture, market and sale of innovative clean air, powertrain and ride performance products and systems. It operates through the following segments: Clean Air, Powertrain, Ride Performance, and Motorparts. The Clean Air segment offers products and systems designed to reduce pollution and optimize engine performance, acoustic tuning, and weight on a vehicle for light vehicle, commercial truck, and off-highway original equipment customers. The Powertrain segment focuses on original equipment powertrain products for automotive, heavy duty, and industrial applications. The Ride Performance segment sells ride performance solutions and systems to a global original equipment customer base, including noise, vibration, and harshness performance materials, advanced suspension technologies, ride control, and braking. The Motorparts segment consists of broad portfolio of brand-name products in the global vehicle aftermarket within seven product categories including shocks and struts, steering and suspension, braking, sealing, engine, emissions, and maintenance. The company was founded on April 1, 1940 and is headquartered in Lake Forest, IL.


AMTB(Amerant Bancorp Inc. Cl A)- Amerant Bancorp, Inc. operates as the bank holding company, which provides banking products and services to individuals and businesses in the United States and internationally. The firm offers a range of checking and savings accounts, certificates of deposit, and money market accounts. It also provides variable and fixed rate commercial real estate loans, loans secured by owner-occupied properties, loans to domestic and foreign individuals primarily secured by personal residence, working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans, loans to financial institutions and acceptances, and consumer loans and overdrafts, such as automobile loans, personal loans, or loans secured by cash or securities and revolving credit card agreements. The company was founded in 1979 and is headquartered in Coral Gables, FL.


BHLB(Berkshire Hills Bancorp Inc.)-  Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank and Berkshire Insurance Group, Inc. The firm offers deposit, lending, insurance, and wealth management products to retail and commercial customers in its market areas. It aims to expand and deepen market share and wallet share through organic growth and acquisition strategies. The company was founded in June 2000 and is headquartered in Pittsfield, MA.


PLCE(Children’s Place Inc.)- The Children’s Place, Inc. provides apparel, footwear, accessories, and other items for children. It also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S. and Children’s Place International. The company was founded in 1969 and is headquartered in Secaucus, NJ.


IGT(International Game Technology PLC)- International Game Technology Plc creates, manufactures, and sells electronic gaming equipment, software, and network systems. It operates in two segments: Global Lottery and Global Gaming. The Global Lottery segment is in charge of the traditional lottery and iLottery businesses around the world, including sales, operations, product development, technology, and support. iGaming, sports betting, sales, product management, studios, global manufacturing, operations, and technology are all part of the Global Gaming segment. The company was founded on July 11, 2014, and is based in London, England.


EMKR(Emcore Corp.)- EMCORE Corp. is a manufacturer and supplier of mixed-signal optics products. Catv broadband transport and access; lasers and components; chip level devices; satellite RF fibre optic transport; wireless/distributed antenna systems; microwave components; fibre optics gyros, sensors, and navigation systems are all available. The company was founded in 1984 and is based in Alhambra, California.


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!!!!

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