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!!!!
In the fast-paced world of stock trading, keeping up with the latest trends and movements is essential for investors to make informed decisions. Three important stories that have emerged in the stock market include companies making big moves after hours, the performance of Berkshire Hathaway during market turmoil, and Jim Cramer's analysis on the economy's future. Let's dive deeper into these stories to understand what they mean for investors.
Stocks Making the Biggest Moves After Hours
Several major companies, including Apple, Carvana, and DoorDash, made significant moves after hours on May 12, 2023. Apple's stock rose by 2.5% following the announcement of a new iPhone model, while Carvana's shares fell by 6.2% due to lower-than-expected earnings. DoorDash's stock also declined by 3.7% due to concerns over rising delivery costs.
These moves reflect the market's volatility and the need for investors to stay informed about company news and earnings reports. For swing traders, these fluctuations can provide opportunities for short-term gains. However, it is crucial to conduct thorough research and analysis before making any investment decisions.
Berkshire Hathaway Outperforms During Turmoil
Berkshire Hathaway, the conglomerate led by legendary investor Warren Buffett, has historically outperformed during market turmoil. Despite the recent market turbulence caused by inflation fears and geopolitical tensions, Berkshire Hathaway's stock has remained stable.
However, Berkshire Hathaway's subsidiary GEICO, the second-largest auto insurer in the US, is facing challenges due to rising costs and increased competition. This development highlights the importance of diversification and careful analysis of individual companies within a larger portfolio.
Jim Cramer's Analysis on the Economy's Future
For investors, understanding the overall economic climate is crucial for making informed decisions about their portfolios. However, it is important to remember that individual companies' performance can vary significantly from the broader market trends.
In conclusion, the stock market is a complex and ever-changing landscape that requires constant attention and analysis. From monitoring after-hours movements to analyzing economic indicators, investors must stay informed to make the most informed decisions. By carefully considering technical and fundamental factors, swing traders can identify potential opportunities for short-term gains. However, it is crucial to conduct thorough research and analysis before making any investment decisions, as individual companies' performance can vary significantly from broader market trends.
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.
If you are a regular reader, you may be already aware, that we recommend ValueGrowth, 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 every week, 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. 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.
Due to volatile market conditions, the performance of the TechFund strategy has been inconsistent. As a result, we have conducted a thorough analysis and decided to temporarily discontinue this alert. Our team of experienced professionals is actively developing alternative strategies, and we will announce them in the near future.
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 $WNC, $TGS, and $FOR in this category.
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WNC(Wabash National Corporation): Wabash National Corporation (WNC) is an American diversified industrial manufacturer and supplier of transportation equipment. Its product portfolio includes semi-trailers, truck bodies, and liquid transportation systems, among others. The company operates in the Industrials sector and its stock symbol is WNC. In this article, we will discuss why WNC is technically and fundamentally strong for swing trading in the upcoming days or weeks.
Technical Analysis:
WNC's stock has been performing well in recent months. It has been trading in a bullish trend, consistently making higher highs and higher lows. The Relative Strength Index (RSI) is indicating that the stock is not yet overbought, which means that there is still room for the stock to gain more momentum. The Moving Average Convergence Divergence (MACD) line is also above the signal line, which is another bullish signal for the stock.
Furthermore, the stock is currently trading above its 50-day moving average, indicating that the stock is in an uptrend. The 50-day moving average is acting as a strong support level for the stock, which means that the stock is likely to bounce back if it falls to that level. Additionally, the stock has broken above its 200-day moving average, which is a bullish signal for the stock.
Fundamental Analysis:
WNC's financials are also strong. The company has a Price to Earnings (P/E) ratio of 11.02, which is lower than the industry average of 22.44. This means that the stock is undervalued compared to its peers. The company also has a Price to Sales (P/S) ratio of 0.52, which is lower than the industry average of 1.18, indicating that the stock is undervalued in terms of its sales. Moreover, the company has a healthy debt-to-equity ratio of 0.65, indicating that the company has a good balance between debt and equity.
Furthermore, WNC has a strong dividend history. The company has been paying dividends consistently since 2003 and has increased its dividend payout every year since 2011. The current dividend yield is 1.5%, which is relatively high compared to its peers in the industry.
Conclusion:
Wabash National Corporation (WNC) is technically and fundamentally strong for swing trading in the upcoming days or weeks. The stock has been performing well in recent months and is trading in a bullish trend. The company has a healthy financial position, with a low P/E ratio, low P/S ratio, and a healthy debt-to-equity ratio. Furthermore, the company has a strong dividend history, making it an attractive option for investors looking for stable returns. With these strong technical and fundamental indicators, WNC may present an opportunity for swing traders to profit from the bullish trend.
TGS(Transportadora de Gas del Sur S.A.): Transportadora de Gas del Sur S.A. (TGS) is an energy company that provides natural gas transportation services in Argentina. With a strong position in the natural gas market, TGS has been experiencing positive trends in both its technical and fundamental aspects, making it a potentially attractive option for swing trading.
From a technical standpoint, TGS has been showing a bullish trend in recent weeks. The stock has been trading above its 50-day and 200-day moving averages, indicating a positive trend in the short and long term. In addition, the Relative Strength Index (RSI) has been consistently above 50, signaling a bullish sentiment among traders.
Furthermore, TGS has been making strong fundamental moves that make it a potentially strong option for swing trading. In 2021, the company announced that it had invested $100 million in a new natural gas processing plant, which is expected to increase its production capacity and improve its bottom line. This investment is part of TGS's overall strategy to expand its operations and increase its presence in the natural gas market.
Another fundamental strength of TGS is its strong financial performance. The company has consistently reported positive earnings, with a net income of $35 million in the first quarter of 2021 alone. This performance is driven by TGS's solid business model, which includes a diverse portfolio of assets and a strong customer base.
In addition, TGS's financial position is stable, with a debt-to-equity ratio of 0.73 and a current ratio of 1.5. This indicates that the company is in a strong financial position and has the ability to weather any potential market downturns.
Overall, TGS is a company with a strong technical and fundamental outlook, making it a potentially attractive option for swing trading. Its bullish trend, strong financial performance, and strategic investments make it a company worth considering for traders looking to capitalize on market opportunities in the energy sector. However, as with any investment, it is important to conduct thorough research and analysis before making any trading decisions.
FOR(Forestar Group Inc.): Forestar Group Inc (NYSE: FOR) is a real estate development and investment company headquartered in Austin, Texas. With a focus on residential and mixed-use communities, Forestar has a diversified portfolio of assets that includes undeveloped land, finished lots, and income-producing properties.
In recent years, Forestar has seen steady growth and profitability, making it an attractive stock for swing traders looking for opportunities in the real estate sector. Here's why Forestar is technically and fundamentally strong for swing trading in the upcoming days or weeks.
Technical Analysis:
From a technical perspective, the stock has been in a steady uptrend since the COVID-19 crash in March 2020. Forestar's stock price has gained more than 200% in the last year, outperforming the S&P 500's returns.
Currently, the stock is trading above its 50-day and 200-day moving averages, indicating a strong bullish trend. The 50-day moving average has recently crossed above the 200-day moving average, forming a golden cross, which is a bullish signal for traders. The stock's Relative Strength Index (RSI) is hovering around 60, suggesting that it is not yet overbought.
Fundamental Analysis:
Forestar Group's financials are strong, making it a compelling investment opportunity for traders. The company has seen consistent revenue growth over the last five years, with a revenue of $364 million in 2020, up from $290 million in 2016. Forestar's net income has also shown steady growth, with a net income of $56 million in 2020, up from $18 million in 2016.
The company's debt-to-equity ratio is 0.79, indicating that it is managing its debt well. Forestar has a current ratio of 2.65, indicating that it has ample liquidity to meet its financial obligations.
Forestar's business model focuses on creating value through the acquisition, entitlement, and development of real estate assets. The company is well-positioned to benefit from the current boom in the US housing market. With the Federal Reserve keeping interest rates low, demand for residential properties is high, and Forestar has an extensive land bank, allowing it to capitalize on this trend.
Conclusion:
Forestar Group Inc is a solid real estate company with a proven track record of growth and profitability. The technical analysis suggests that the stock is in a strong uptrend and is currently trading in a bullish zone. The company's fundamentals are sound, with a healthy financial position and a well-defined business model that positions it well to capitalize on the current housing market. For swing traders looking for opportunities in the real estate sector, Forestar is a stock to watch in the upcoming days or weeks.
I hope this information will help you buy good stocks for your swing trading. See you next Friday. Keep coming to our website for stock-related queries and information.
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