The Stock Market was up this week.. Let’s take a look at some of the top news of the week first. In the overnight business Thursday ahead of the May job report, U.S. stock futures were little changed… In addition, AMC’s stock rose so quickly that trading was temporarily halted four times. Here’s what we look forward to the opening bell on Friday. Other than this the graphs demonstrate In terms of Covid vaccinations, Asia lags far behind the United States and Europe.
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.
|Stock Symbol||Company Name||Action|
|IGT||International Game Technology PLC||Sell|
|CNR||Cornerstone Building Brands Inc.||Sell|
|CUBI||Customers Bancorp Inc.||Buy|
CAL(Caleres Inc.)- Caleres, Inc. engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men. The Other segment covers corporate assets, administrative expenses, other costs, and recoveries that are not allocated to the operating units. The company was founded by George Warren Brown in 1878 and is headquartered in St. Louis, MO.
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.
CUBI(Customers Bancorp Inc.)- Customers Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking services through its subsidiary, Customers Bank. It operates through the Customers Bank Business Banking and BankMobile segments. The Customers Bank Business Banking segment includes commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington, D.C., and Illinois through a single-point-of-contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment focuses in the state-of-the-art high-tech digital banking and disbursement services to consumers, students and the under-banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded on April 7, 2010 and is headquartered in Wyomissing, PA.
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, $HIBB and $AMOT in this category
|Stock Symbol||Company Name||Action|
|SC||Santander Consumer USA Holdings Inc.||Sell|
|ALTO||Alto Ingredients Inc.||Hold|
|AMOT||Allied Motion Technologies Inc.||Hold|
|HIBB||Hibbett Sports Inc.||Buy|
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.
HIBB(Hibbett Sports Inc.)- Hibbett Sports, Inc. engages in the provision of sporting goods business. Its stores are operating under the Hibbett Sporting Goods and City Gear banners and an omni-channel platform. The firm features a core selection of brand name merchandise emphasizing athletic footwear, athletic and fashion apparel, team sports equipment and related accessories. The company was founded in 1945 and is headquartered in Birmingham, AL.
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.
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.
|Stock Symbol||Company Name||Action|
|AMTB||Amerant Bancorp Inc. Cl A||Sell|
|BHLB||Berkshire Hills Bancorp Inc.||Sell|
|IGT||International Game Technology PLC||Sell|
|PLCE||Children's Place Inc.||Hold|
|CNR||Cornerstone Building Brands Inc.||Buy|
|TSQ||Townsquare Media Inc.||Buy|
|SIC||Select Interior Concepts Inc.||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 Motor parts 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.
CNR(Cornerstone Building Brands Inc.)- Cornerstone Building Brands, Inc. engages in the design, engineer and manufacture external building products. It operates through the following segments: Commercial, Siding, and Windows. The Commercial segment produces and distributes metal products for the nonresidential construction market. The Siding segment comprises of vinyl siding and skirting, steel siding, vinyl and aluminum soffit, aluminum trim coil, aluminum gutter coil, aluminum gutters, aluminum and steel roofing accessories, wide crown molding, window and door trim, fascia, undersill trims, outside and inside corner posts, rain removal systems, and injection molded designer accents. The Windows segment consists of vinyl, aluminum-clad vinyl, aluminum, wood and clad-wood windows and patio doors and steel, wood, and fiberglass entry doors that serve both the new construction and the home repair, and remodeling sectors. The company was founded by Johnie Schulte in 1984 and is headquartered in Cary, NC.
TSQ(Townsquare Media Inc. Class A)- Townsquare Media, Inc. is a community-focused digital media, digital marketing solutions and radio company. It owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States. The firm creates and distributes original entertainment, music and lifestyle content. The company operates through the following segments: Advertising, Townsquare Interactive, and Live Events. The Advertising segment includes broadcast and digital advertising products and solutions. The Townsquare Interactive segment involves in the results of its digital marketing solutions business. The Live Events segment comprises concerts, expositions and other experiential events. Townsquare Media was founded by Alexander Berkett, Steven Price, Scott Schatz and Stuart B. Rosenstein in 1994 and is headquartered in Purchase, NY.
FOE(Ferro Corp.)- Ferro Corp. engages in the business of manufacturing specialty materials. Its products include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses and other specialty coatings. The company was founded by Harry D. Cushman, Raymond Williams, and Henry Luebbert in 1919 and is headquartered in Mayfield Heights, OH.
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.
SIC(Select Interior Concepts Inc. Class A)- Select Interior Concepts, Inc. is a holding company, which engages in interior selections, merchandising, and complex supply chain management with a focus on the residential construction market. It operates through the Residential Design Services (RDS) and Architectural Surfaces Group (ASG) business segments. The RDS segment offers interior design and installation services. The ASG segment deals with the importation and distribution of natural and engineered stone slabs and tile. The company was founded by Tyrone Johnson and Kendall R. Hoydin 1988 and is headquartered in Atlanta, GA.
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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