Best 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!!!!

U.S. stocks rose on Thursday, with technology stocks leading the way, as investors cheered Meta Platforms' solid earnings report, which demonstrated resilience in the face of rising inflation. PayPal said on Wednesday that supply-chain disruptions affecting e-commerce sales, as well as a normalization of the mix of spending in-store and online, are making it difficult to forecast its business.On Wall Street, the word “maturity" is frowned upon. But it's a good thing almost everywhere else. Investors showed Meta Platformssome skepticism Wednesday after the company said it was able to navigate the factors that have been hammering online ad businesses recently, at least according to plan.

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 subscribeto 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 investmentwhich 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 $SPWH, $EQNR, and $CDEV in this category.

SPWH(Sportsman's Warehouse Holdings, Inc.)- sportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and workwear. The company also provides fishing products comprising bait, electronics, fishing rods, flotation items, fly fishing products, lines, lures, reels, tackles, and small boats; and footwear products consisting of hiking and work boots, socks, sports sandals, technical footwear, trial and casual shoes, and waders. In addition, it offers hunting and shooting products

EQNR(Equinor ASA): Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas.

CDEV(Centennial Resource Development, Inc.): Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas, and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin.

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 $SWX, $$ATER, $LRN, $ASC, $VST, $AN, $CDKremoved $QCRH, $BCBP& $INSE.

LRN(Stride, Inc.):Stride, Inc., a technology-based education company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12)in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students. The company offers an integrated package of systems, services, products, and professional expertise to support a virtual or blended public school; and products and services for the general education market focused on subjects, including math, English, science, and history for kindergarten through twelfth-grade students

ASC (Ardmore Shipping Corporation): Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled products and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.

VST(Vistra Corp): Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across 20 states in the United States and the District of Columbia. The company is also involved in electricity generation, wholesale energy purchases and sales, commodity risk management, fuel production, and fuel logistics management activities. It serves approximately 4.3 million customers with a generation capacity of approximately 38,700 megawatts with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in July 2020. Vistra Corp. was founded in 1882 and is based in Irving, Texas.

SWX(Southwest Gas Holdings, Inc):Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

AN(AutoNation, Inc.) : AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services. The company also provides automotive finance and insurance products comprising vehicle services and other protection products, as well as arranges finance for vehicle purchases through third-party finance sources. As of December 31, 2021, it owned and operated 339 new vehicle franchises from 247 stores located primarily in metropolitan markets in the Sunbelt region. The company also owned and operated 57 AutoNation-branded collision centers, 9 AutoNation USA used vehicle stores, 4 AutoNation-branded automotive auction operations, and 3 parts distribution centers. AutoNation, Inc. was founded in 1991 and is headquartered in Fort Lauderdale, Florida.

CDK(CDK Global, Inc.): CDK Global, Inc., together with its subsidiaries, provides integrated data and technology solutions to the automotive, heavy truck, recreation, and heavy equipment industries in the United States and internationally. It offers subscription-based software and technology solutions to automotive retailers, as well as to retailers and manufacturers of heavy trucks, construction and agricultural equipment, motorcycles, boats, and other marine and recreational vehicles. The company's flagship Dealer Management System provides software solutions that facilitate the sale of new and used vehicles, consumer financing, repair and maintenance services, and vehicle and parts inventory management. It also provides a portfolio of layered software applications and services to address the needs of automotive retail workflows. In addition, the company offers data management and business intelligence solutions to automotive retailers and original equipment manufacturers through its Neuron intelligent data platform.

ATER(Aterian, Inc.):Aterian, Inc., together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. The company provides Artificial Intelligence Marketplace e-Commerce Engine, a software technology platform, which uses machine learning, natural language processing, and data analytics to design, develop, market, and sell products. Its platform offers home and kitchen appliances; kitchenware; heating, cooling, and health and beauty products; and air quality appliances, such as dehumidifiers, humidifiers, and air conditioners under the hOmeLabs, Vremi, Squatty Potty, Xtava, RIF6, Aussie Health, Holonix, Truweo, Mueller, Pursteam, Pohl and Schmitt, Healing Solutions, Photo Paper Direct, and Spiralizer brands. The company also sells essential oils. It primarily serves individual online consumers through Amazon and other e-commerce platforms, as well as through its owned and operated websites and other marketplaces.

StockXpo's Diversification Strategy

Companies often think about diversification when they reach a certain point in their development. Igor Ansoffidentified 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(QCRH, BCBP, INSE)

HOLD(CDEV, SPWH, SWX, EQNR, ATER)

BUY(LRN, ASC, VST, AN, CDK)

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!!!!