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

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

US equities fell on Thursday as investors weighed how a recent surge in commodity prices may affect inflation and the Federal Reserve’s monetary policy. Despite the growing possibility of the country’s first potential default in almost two decades, the freeze imposed by Western sanctions on Russian bond markets is beginning to thaw. Following Moscow’s war on Ukraine last week, the United States and its allies cut off the Russian central bank’s access to the majority of its $630 billion in foreign reserves. The use of the monetary system as a weapon against a group of 20 countries will have long-term consequences.

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 $JAKK, $MOS$MRC

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

Stock Symbol Company Name Action
COLL Collegium Pharmaceutical, Inc. Sell
MRO Marathon Oil Corporation Sell
FUN Cedar Fair, L.P. Sell
JAKK JAKKS Pacific, Inc. Buy
MOS The Mosaic Company Buy
MRC MRC Global Inc. Buy

 

JAKK(JAKKS Pacific, Inc.).: JAKKS Pacific, Inc. develops, produces, and markets toys, consumables, electronics, and related products worldwide. The company operates through two segments, Toys/Consumer Products, and Halloween. It offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and wagons.

MOS(The Mosaic Company): The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, mono ammonium phosphate, and ammoniated phosphate products

MRC(MRC Global Inc.): MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion-resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services.

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 $AMN , $QDEL  and $BELFB   in this category.

Stock Symbol Company Name Action
CRUS Cirrus Logic, Inc. Sell
AMN AMN Healthcare Services, Inc. Hold
QDEL Quidel Corporation Hold
BELFB Bel Fuse Inc. Buy

AMN(AMN Healthcare Services, Inc.): AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. It offers travel nurse staffing under the American Mobile, Onward Healthcare, and O’Grady Peyton brands; rapid response nurse staffing and labor disruption services under the NurseChoice and HealthSource Global Staffing brands; local or per diem staffing services under Nursefinders brand; and locum tenens staffing services under the Staff Care and Locum Leaders brands.

QDEL(Quidel Corporation): Quidel Corporation develops, manufactures, and markets diagnostic testing solutions for applications in infectious diseases, cardiology, thyroid, women’s and general health, eye health, gastrointestinal diseases, and toxicology worldwide. It offers Sofia and Sofia 2 fluorescent immunoassay systems; QuickVue, a lateral flow immunoassay product; and InflammaDry and AdenoPlus, POC products to detect infectious and inflammatory diseases and conditions of the eye.

BELFB(Bel Fuse Inc.): Bel Fuse Inc. designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally. It offers magnetic products, such as integrated connector modules; power transformers.

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 $MRC , $CEPU, $MOS, $LPI, $UTI, $JAKK, $PANL removed $FUN, $PFGC, $COLL, $AMRK, $OUT

Stock Symbol Company Name Action
FUN Cedar Fair, L.P. Sell
PFGC Performance Food Group Company Sell
COLL Collegium Pharmaceutical, Inc. Sell
AMRK A-Mark Precious Metals, Inc. Sell
OUT Outfront Media Inc. Sell
MRC MRC Global Inc. Hold
CEPU Central Puerto S.A Hold
MOS The Mosaic Company Buy
LPI Laredo Petroleum, Inc. Buy
UTI Universal Technical Institute, Inc. Buy
JAKK JAKKS Pacific, Inc. Buy
PANL Pangaea Logistics Solutions, Ltd. Buy

 

MOS(The Mosaic Company): The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.

LPI(Laredo Petroleum, Inc): Laredo Petroleum, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was incorporated in 2006 and is headquartered in Tulsa, Oklahoma.

UTI(Universal Technical Institute, Inc.): Universal Technical Institute, Inc. provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

MRC(MRC Global Inc.): MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion-resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.

JAKK(JAKKS Pacific, Inc.): JAKKS Pacific, Inc. develops, produces, and markets toys, consumables, electronics, and related products worldwide. The company operates through two segments, Toys/Consumer Products, and Halloween. It offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and wagons.

PANL(Pangaea Logistics Solutions, Ltd.): Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management.

CEPU(Central Puerto S.A): Central Puerto SA engages in the generation and distribution of electricity. It operates through the following segments: Electric Power Generation from Conventional Sources; Electric Power Generation from Renewable Sources; Natural Gas Transport and Distribution; and Others. The Natural Gas Transport and Distribution segment provides natural gas distribution public sector service in the Cuyo and Centro regions of Argentina and it is also engaged in the natural gas transport sector service. The company was founded in 1989 and is headquartered in Buenos Aires, Argentina.

 

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(CRUS, FUN, COLL, MRO, PFGC, AMRK, OUT) 
  • HOLD(QDEL, MRC, CEPU, AMN)
  • BUY(BELFB, MOS, LPI, UTI, JAKK, PANL)
Stock Symbol Company Name Action
CRUS Cirrus Logic, Inc. Sell
FUN Cedar Fair, L.P. Sell
COLL Collegium Pharmaceutical, Inc. Sell
MRO Marathon Oil Corporation Sell
PFGC Performance Food Group Company Sell
AMRK A-Mark Precious Metals, Inc. Sell
OUT Outfront Media Inc. Sell
MRC MRC Global Inc. Hold
CEPU Central Puerto S.A Hold
QDEL Quidel Corporation Hold
AMN AMN Healthcare Services, Inc. Hold
BELFB Bel Fuse Inc. Buy
MOS The Mosaic Company Buy
LPI Laredo Petroleum, Inc. Buy
UTI Universal Technical Institute, Inc. Buy
JAKK JAKKS Pacific, Inc. Buy
PANL Pangaea Logistics Solutions, Ltd. 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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