hot 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!!!!
Let’s recap this week’s latest news. TOKIO MARINE ASSET MANAGEMENT CO LTD recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30. Novavax — The biotech stock dropped 32% after Novavax cut its full-year revenue guidance due to poor demand for its Covid vaccines.Software stocks that soared during the pandemic came crashing down this year after the Federal Reserve started an aggressive campaign to raise interest rates and tamp down inflation. Some analysts are betting that the pain for software stocks is coming to an end.For More information visit our site https://stockxpo.com/ or call us at 2156503580.
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.
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 $SKYW, $TA and $TGS in this category.
TA(TravelCenters of America Inc.): TravelCenters of America Inc. operates travel centers, truck service facilities, and restaurants in the United States and Canada. The company's travel centers offer various products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as a range of truck repair and maintenance services, diesel exhaust fluids, full-service restaurants, quick service restaurants, and various customer amenities. Its full and quick service restaurants are operated under the Iron Skillet, Country Pride, IHOP, Black Bear Diner, Fuddruckers, Bob Evans, Popeye's Chicken & Biscuits, Subway, Burger King, Taco Bell, Pizza Hut, Dunkin', and Starbuck's Coffee brands.
TGS(Transportadora de Gas del Sur S.A.): Transportadora de Gas del Sur S.A. engages in transportation of natural gas, production, and commercialization of natural gas liquids in Argentina. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,769 miles of the pipeline system to distribution companies, power plants, and industrial customers.
SKYW(SkyWest, Inc.): SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company's fleet consisted of 629 aircraft; and provided scheduled passenger and air freight services with approximately 2,080 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean. In addition, it offers airport customer and ground handling services for other airlines. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. George, Utah.
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 $BELFB , $IMTX, $HNGR, $TA, $TNP, $TRHC, $CSIQ removed $ADTN, $VRNOF, $PCAR, $ASRT, $CVLG
| Stock Symbol | Company Name | Action |
|---|---|---|
| ADTN | ADTRAN Holdings, Inc. | Sell |
| VRNOF | Verano Holdings Corp. | Sell |
| PCAR | PACCAR Inc | Sell |
| ASRT | Assertio Holdings, Inc. | Sell |
| CVLG | Covenant Logistics Group, Inc. | Sell |
| BELFB | Bel Fuse Inc. | Buy |
| IMTX | Immatics N.V. | Buy |
| TA | TravelCenters of America Inc. | Buy |
| HNGR | Hanger, Inc. | Buy |
| TNP | Tsakos Energy Navigation Limited | Buy |
| TRHC | Tabula Rasa HealthCare, Inc. | Buy |
| CSIQ | Canadian Solar Inc. | Buy |
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, e-Mobility and broadcasting, 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; SMD power inductors and SMPS transformers; and ethernet discrete components. The company also provides power solutions and protection products comprising front-end power supplies; board-mount power; industrial power; external power; and circuit protection products.
IMTX(Immatics N.V.): Immatics N.V., a clinical-stage biopharmaceutical company, focuses on the discovery and development of T cell receptor (TCR) based immunotherapies for the treatment of cancer in the United States. The company is developing targeted immunotherapies with a focus on treating solid tumors through two distinct treatment modalities, such as adoptive cell therapies (ACT) and antibody-like TCR Bispecifics. Its ACTengine product candidates are in Phase I clinical trials, which include IMA201 which targets melanoma-associated antigen 4 or 8 in patients with solid tumors; IMA202 which targets melanoma-associated antigen 1 in patients with various solid tumors, including squamous non-small cell lung carcinoma and hepatocellular carcinoma; and IMA203 that targets preferentially expressed antigen in melanoma in adult patients with relapsed and/or refractory solid tumors, as well as IMA204, which is in preclinical studies that targets tumor stroma cell.
HNGR(Hanger, Inc.): Hanger, Inc. provides orthotic and prosthetic (O&P) services in the United States. It operates in two segments, Patient Care and Products & Services. The Patient Care segment owns and operates Hanger clinic, which specializes in the design, fabrication, and delivery of custom O&P devices through patient care clinics and satellite locations; and offers payor network contracting services to other O&P providers. The Products & Services segment engages in the distribution of various O&P parts, componentry, and devices to independent O&P providers; development of specialized rehabilitation technologies; and provision of evidence-based clinical programs for post-acute rehabilitation to patients at approximately 4,000 skilled nursing and post-acute providers.
TA(TravelCenters of America Inc.): TravelCenters of America Inc. operates travel centers, truck service facilities, and restaurants in the United States and Canada. The company's travel centers offer various products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as a range of truck repair and maintenance services, diesel exhaust fluids, full service restaurants, quick service restaurants, and various customer amenities. Its full and quick service restaurants are operated under the Iron Skillet, Country Pride, IHOP, Black Bear Diner, Fuddruckers, Bob Evans, Popeye's Chicken & Biscuits, Subway, Burger King, Taco Bell, Pizza Hut, Dunkin' and Starbuck's Coffee brands.
TNP(Tsakos Energy Navigation Limited): Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 21, 2022, it operated a fleet of 66 double-hull vessels, comprising 60 conventional tankers, three LNG carriers, and three suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.
TRHC(Tabula Rasa HealthCare, Inc.): Tabula Rasa HealthCare, Inc. operates as a healthcare technology company in the United States. The company operates in two segments, CareVention HealthCare and MedWise HealthCare. It offers EireneRx, a cloud-based medication decision-support and e-prescribing platform to access patient medication-related information; and MedWise medication therapy management software, a cloud-based platform designed to aid in the identification and resolution of medication and health-related problems. The company also provides TruChart that offers electronic health records (EHR), care coordination, and financial management in one program allowing Programs of All-Inclusive Care for the Elderly (PACE) to track measurable outcomes in defined timeframes for the populations they serve; and PACElogic, which delivers sharable workflows comprising EHR, customer relationship management, claims adjudication, electronic data interchange, care management, coordination and planning, integration with community-based providers, and various federal and state that requires reporting.
CSIQ(Canadian Solar Inc.): Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar Inc. (CSI) Solar and Global Energy. The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits that are ready-to-install packages comprising inverters, racking systems, and other accessories; and engineering, procurement, and construction (EPC) services. The Global Energy segment engages in the development, construction, maintenance, and sale of solar and battery storage projects; operation of solar power plants; and sale of electricity.
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(ADTN, VRNOF, PRPH, PBF, PCAR, ASRT, CVLG)
- HOLD(SKYW)
- BUY(BELFB , IMTX, HNGR, TGS, TA, TNP, TRHC, CSIQ)
| Stock Symbol | Company Name | Action |
|---|---|---|
| ADTN | ADTRAN Holdings, Inc. | Sell |
| VRNOF | Verano Holdings Corp. | Sell |
| PRPH | ProPhase Labs, Inc. | Sell |
| PBF | PBF Energy Inc. | Sell |
| PCAR | PACCAR Inc | Sell |
| ASRT | Assertio Holdings, Inc. | Sell |
| CVLG | Covenant Logistics Group, Inc. | Sell |
| SKYW | SkyWest, Inc. | Hold |
| BELFB | Bel Fuse Inc. | Buy |
| IMTX | Immatics N.V. | Buy |
| HNGR | Hanger, Inc. | Buy |
| TGS | Transportadora de Gas del Sur S.A. | Buy |
| TA | TravelCenters of America Inc. | Buy |
| TNP | Tsakos Energy Navigation Limited | Buy |
| TRHC | Tabula Rasa HealthCare, Inc. | Buy |
| CSIQ | Canadian Solar Inc. | 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 https://stockxpo.com/ for stock-related queries and information.
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