Hot Swing Trading Stocks: Week of 07-15-2022 - Stockxpo - Grow more with Investors, Traders, Analyst and Research

Hot Swing Trading Stocks: Week of 07-15-2022

Hello to all our readers including Traders, Investors, Analysts, and others!!!! 

Let’s recap this week’s latest news. CNBC’s Jim Cramer on Thursday said that investors should search for buying opportunities among stocks being hammered by the turbulent stock market. Wiser Wealth Management, Inc recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30. The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter. However, investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. OpenSea, one of the largest marketplaces for nonfungible tokens, said Thursday it would cut a fifth of its staff as the crash in cryptocurrency prices continued to wreak havoc on digital-asset firms. Chief Executive Devin Finzer said in an internal memo to employees that he shared on Twitter that the company would provide severance and healthcare coverage into 2023, as well as accelerated equity vesting, for those laid off.

If you are a regular reader, you may be already aware, we recommend 10-12 stocks in 2 different categories – 1. ValueGrowth and 2. 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 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 – 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 CNM, NX and CVLG in this category.

Stock Symbol Company Name Action
NX Quanex Building Products Corporation Hold
CVLG Covenant Logistics Group, Inc. Hold
CNM Core & Main, Inc. Hold

NX(Quanex Building Products Corporation): Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components. It offers flexible insulating glass spacers, extruded vinyl profiles, window, and door screens, precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.


CVLG(Covenant Logistics Group, Inc.)- Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company.


CNM(Core & Main, Inc.): Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States.Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software, and other services.




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 $PRPH, $BLDR, $ECPG, $STKL, $WVE, $USAK, $EVH removed $FGBI, $AXS, $UFCS, $DCPH, $KVHI, $FCFS

Stock Symbol Company Name Action
FGBI First Guaranty Bancshares, Inc. Sell
AXS AXIS Capital Holdings Limited Sell
UFCS United Fire Group, Inc. Sell
DCPH Deciphera Pharmaceuticals, Inc. Sell
KVHI KVH Industries, Inc. Sell
FCFS FirstCash Holdings, Inc Sell
PRPH ProPhase Labs, Inc. Hold
BLDR Builders FirstSource, Inc. Buy
ECPG Encore Capital Group, Inc. Buy
STKL SunOpta Inc. Buy
WVE Wave Life Sciences Ltd. Buy
USAK USA Truck, Inc. Buy
EVH Evolent Health, Inc Buy

 

BLDR(Builders FirstSource, Inc.): Builders FirstSource, Inc., together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.


ECPG(Encore Capital Group, Inc.): Encore Capital Group, Inc., a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and work toward financial recovery. It is also involved in the provision of early-stage collection, business process outsourcing, and contingent collection services, as well as debt servicing and other portfolio management services to credit originators for non-performing loans. The company was incorporated in 1999 and is headquartered in San Diego, California.


STKL(SunOpta Inc.): SunOpta Inc. manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages. The Plant-Based Foods and Beverages segment provides plant-based beverages, and liquid and dry ingredients that utilize almond, soy, coconut, oat, hemp, and other bases, as well as broths, teas, and nutritional beverages.


WVE(Wave Life Sciences Ltd.): Wave Life Sciences Ltd., a clinical-stage genetic medicine company, designs. It is developing oligonucleotides that target ribonucleic acid to reduce the expression of disease-promoting proteins or restore the production of functional proteins or modulate protein expression. The company also develops WVE-004, a C9orf72 molecule for the treatment of amyotrophic lateral sclerosis and frontotemporal dementia; WVE-003, a mutant huntingtin SNP3 molecule for the treatment of Huntington's disease; WVE-N531, an Exon 53 molecule for the treatment of Duchenne muscular dystrophy; and ATXN3, a discovery stage program for the treatment of spinocerebellar ataxia 3, as well as multiple preclinical programs for CNS disorders.


PRPH(ProPhase Labs, Inc.): ProPhase Labs, Inc. engages in the research, development, manufacture, distribution, marketing, and sale of over the counter (OTC) consumer healthcare products and dietary supplements in the United States. The company operates in two segments, Diagnostic Services and Consumer Products. It offers a range of OTC dietary supplements, including Legendz XL for male sexual health; and Triple Edge XL, an energy and stamina booster. The company also provides contract manufacturing services, such as product development, pre-commercialization, production, warehousing, and distribution; SARS-CoV-2 (COVID-19) and COVID-19 viral mutation polymerase chain reaction tests through saliva and nasal swab methods; and other respiratory pathogen panel molecular testing services, as well as personal genomics products and services.


USAK(USA Truck, Inc.): USA Truck, Inc. operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking, and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services. As of December 31, 2021, the company operated a fleet of 2,157 tractors, which included 641 independent contractor tractors; and 6,548 trailers. USA Truck, Inc. was founded in 1983 and is headquartered in Van Buren, Arkansas.


EVH(Evolent Health, Inc): Evolent Health, Inc., a healthcare company, through its subsidiary, Evolent Health LLC, provides clinical and administrative solutions to payers and providers in the United States. It operates in two segments, Evolent Health Services, and Clinical Solutions. The Evolent Health Services segment provides an integrated administrative and clinical platform for health plan administration and population health management. It offers financial and administrative management services, such as health plan services, risk management, analytics and reporting, and leadership and management; and Identify, a proprietary technology system that aggregates and analyzes data, manages care workflows, and engages patients, population health performance that delivers patient-centric cost-effective care. The Clinical Solutions segment offers specialty care management services to support a range of specialty care delivery stakeholders during their transition from fee-for-service to value-based care, independent of their stage of maturation and specific market dynamics in oncology and cardiology; and holistic total cost of care improvement.


 

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 the StocXpo diversification Strategy-

  • SELL(FGBI, AXS, UFCS, DCPH, KVHI, FCFS) 
  • HOLD(NX, PRPH, CNM, CVLG)
  • BUY(BLDR, ECPG, STKL, WVE, USAK, EVH)

Stock Symbol Company Name Action
FGBI First Guaranty Bancshares, Inc. Sell
AXS AXIS Capital Holdings Limited Sell
UFCS United Fire Group, Inc. Sell
DCPH Deciphera Pharmaceuticals, Inc. Sell
KVHI KVH Industries, Inc. Sell
FCFS FirstCash Holdings, Inc Sell
NX Quanex Building Products Corporation Hold
PRPH ProPhase Labs, Inc. Hold
CNM Core & Main, Inc. Hold
CVLG Covenant Logistics Group, Inc. Hold
BLDR Builders FirstSource, Inc. Buy
ECPG Encore Capital Group, Inc. Buy
STKL SunOpta Inc. Buy
WVE Wave Life Sciences Ltd. Buy
USAK USA Truck, Inc. Buy
EVH Evolent Health, Inc Buy

 

If you haven’t subscribed yet, please subscribe to our newsletter so you can get the updates delivered to your mailbox. Subscribe to our newsletter so you get notified when we publish our future article like this on every Friday about Best Stocks to Buy For Short term for Swing Trading with clear directions on Buy vs Hold vs Sell. We recommend to balance your swing trading StockXpo alert-based portfolio every Friday following our recommendations closely. All you need is half an hour to an hour of your time on Friday depending on how quickly you can execute these trades. Subscriber today, it’s absolutely free forever

Happy Trading!!!!

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