Hello to all our readers including Traders, Investors, Analysts and others!!!!
The Stock Market was up this week.. Let’s take a look at some of the top news of the week first.After the collapse of Archegos, Credit Suisse’s risk chief will not seek re-election. Other than this VistaJet, a private jet charter operator, has announced plans to become carbon neutral by 2025 in order to help the aviation industry achieve its sustainability goals.Cramer believes Ford can outperform recovery favourites despite being undrafted in the CNBC Stock Draft. So stay healthy and wear a mask & take preventive precautions.
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.
For this week, here are our picks $HZO , $UFPI and $LPX. Please note that – compared to last week, we have removed $CONN and $SGH.
| Stock Symbol | Company Name | Action |
|---|---|---|
| CONN | Conn's Inc | Sell |
| SGH | SMART Global Holdings Inc. | Sell |
| LPX | Louisiana-Pacific Corporation | Hold |
| HZO | MarineMax Inc | Buy |
| UFPI | Ufp Industries Inc | Buy |
HZO(MarineMax Inc)- MarineMax, Inc. is a company that provides boating-related services. The company operates retail stores that offer used and new sport vessels, sport cruisers, sport yachts, and fishing boats. It also offers services such as cleaning, repair, slip, and storage. The firm was founded in January 1998 and is based in Clearwater, Florida.The gradual loosening of restrictions and increase in economic activity has ushered in a sense of trust, with more people going to work and the unemployment rate improving.
HZO Chart by TradingView
LPX(Louisiana-Pacific Corporation)- Louisiana-Pacific Corp. engages in designing, manufacturing and marketing of products for the new home construction, repair and remodeling and outdoor structures markets. It operates through the following four segments: Siding, Oriented Strand Board (OSB), Engineered Wood Products, and South America. The Siding segment offers wood-based sidings, trim, soffit, fascia, and prefinished lap and trim products in a variety of patterns and textures. The OSB segment manufactures and distributes oriented strand board structural panel products. The Engineered Wood Products segment includes laminated veneer lumber, laminated strand lumber, I-Joists, and other related products.
LPX Chart by TradingView
UFPI(Ufp Industries Inc)- UFP Industries, Inc. is a company that produces and sells wood and wood-alternative goods. Retail, Industrial, and Construction are the three segments in which it works. Global home centre stores, retail-oriented regional lumber yards, and contractor-oriented lumber yards make up the Retail section. Pallets, specialty crates, wooden frames, and other containers are produced in the Industrial category.Factory-built housing, site-built residential building, concrete shaping, and industrial construction are the business units of the Construction segment. The company was founded in 1955 and is based in Grand Rapids, Michigan.
UFPI Chart by TradingView
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 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. Our Stock Picks for this week are $UFPI, $SAL and $GS. We have finally removed $AN and $JEF. Regardless of fall of the stock market due to COVID-19 fears, we have still booked some profit before they are wiped out from these stocks.
| Stock Symbol | Company Name | Action |
|---|---|---|
| JEF | Jefferies Financial Group Inc | Sell |
| AN | AutoNation Inc. | Sell |
| GS | Goldman Sachs Group Inc. | Hold |
| UFPI | Ufp Industries Inc | Buy |
| SAL | Salisbury Bancorp, Inc. | Buy |
UFPI(Ufp Industries Inc)- UFP Industries, Inc. is a company that produces and sells wood and wood-alternative goods. Retail, Industrial, and Construction are the three segments in which it works. Global home centre stores, retail-oriented regional lumber yards, and contractor-oriented lumber yards make up the Retail section. Pallets, specialty crates, wooden frames, and other containers are produced in the Industrial category.Factory-built housing, site-built residential building, concrete shaping, and industrial construction are the business units of the Construction segment. The company was founded in 1955 and is based in Grand Rapids, Michigan.
UFPI Chart by TradingView
Don’t miss:Hot Stock Watchlist for Swing Trading Today – Expert Stock Picks of the Week by StockXpo
SAL(Salisbury Bancorp, Inc.)- Salisbury Bancorp, Inc. is a bank holding company that offers commercial banking, consumer lending, retail banking, trust and wealth advisory services, and trust and wealth management. Checking accounts, savings and mortgage market accounts, mortgage loans, health savings accounts, and retirement accounts are among the company’s offerings. The company was founded on August 24, 1998, and is based in Lakeville, CT.The reports on the results of the March 2021 quarter. While this widely-known consensus forecast is critical in assessing the company’s earnings prospects, how actual results relate to these predictions is a powerful factor that could influence its near-term stock price.
SAL Chart by TradingView
GS(Goldman Sachs Group Inc.)- Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, funding and managing risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets.
GS Chart by TradingView
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 TechFund (TAFA) strategy. Just like other strategies, we pick these companies here for weekly based swing trade recommendations.
Please note that we have removed $PGC, $JEF , $RAIL, $VIPS and $ALOTfrom this strategy picks. We have added $SCGLY, $SGH, $CONN ,$LRN , $CZWI, $PCRX & $UMH.
| Stock Symbol | Company Name | Action |
|---|---|---|
| RAIL | FreightCar America, Inc. | Sell |
| ALOT | AstroNova Inc | Sell |
| PGC | Peapack-Gladstone Financial Corp. | Sell |
| JEF | Jefferies Financial Group Inc. | Sell |
| VIPS | Vipshop Holdings Ltd. ADR | Sell |
| CONN | Conn's Inc | Hold |
| LRN | Stride Inc. | Hold |
| SCGLY | Societe Generale SA | Buy |
| SGH | Smart Global Holdings Inc | Buy |
| CZWI | Citizens Community Bancorp Inc. | Buy |
| PCRX | Pacira Biosciences Inc | Buy |
| UMH | UMH Properties, Inc | Buy |
SCGLY(Societe Generale SA)- Société Générale SA is a bank and financial services provider. French Retail Banking, International Retail Banking & Financial Services, and Global Banking & Investor Solutions are the company’s three business divisions. The domestic networks Societe Generale, Crédit du Nord, and Boursorama make up the French Retail Banking segment. Retail Banking & Financial Services in International Markets.Capital markets and investor services, funding and consulting, and asset and wealth management are also part of the Global Banking and Investor Solutions segment. The business was established on May 4, 1864, in Paris, France, and is headquartered there.
SCGLY Chart by TradingView
SGH(Smart Global Holdings Inc)- SMART Global Holdings, Inc. is an electronic device design and manufacturing company that specialises in memory and computing technology. Customers in the enterprise, government, and original equipment manufacturer, or OEM, markets benefit from the company’s application-specific product creation and support.The Specialty Memory Products segment focuses on application-specific products, technical support, and value-added testing services, as opposed to regular memory module providers’ core focus. DRAM modules for desktops, notebooks, and servers are manufactured by the Brazil Products division. Customers may get specialty compute and storage device solutions from the SCSS segment.
SGH Chart by TradingView
CZWI(Citizens Community Bancorp Inc.)- Citizens Community Bancorp, Inc. is Citizens Community Federal Bank’s bank holding company. It offers services in financial, agricultural, and consumer banking. The company was founded in 2004 and is based in Eau Claire, Wisconsin.Citizens Community Bancorp, Inc., a company in the Financial – Savings and Loan industry, reported revenue of $16.94 million for the quarter ended March 2021, which was 0.83 percent higher than the Consensus Estimate. This compares to $16.27 million in sales a year earlier. Over the last four years, the organisation has surpassed consensus sales expectations four times.
CZWI Chart by TradingView
PCRX(Pacira Biosciences Inc)- Pacira Biosciences, Inc. is a holding company that offers non-opioid pain relief and regenerative health therapies to help patients better control their pain. EXPAREL, iovera, and DepoFoam are some of the company’s brands. The firm was founded in December 2006 and is based in Parsippany, New Jersey.The company’s earnings of $2.11 exceeded the Consensus Estimate by 2.4 percent in the most recent period. Its results have consistently outperformed the Consensus Estimate over the last four years, with an average beat of 51.01 percent.
PCRX Chart by TradingView
CONN(Conn’s Inc)- Conn’s, Inc. is a holding company that specialises in consumer goods retailing and related services. Via retail stores and its website, it also provides proprietary payment solutions to its core credit-constrained customers.The company is divided into two segments: retail and credit. The Retail division sells home appliances to retail customers and owns and operates stores that sell furniture, home appliances, consumer goods, and office supplies. The Credit division offers in-house consumer credit services with structured credit decisions such as down payment, credit limit amounts, and credit history.
CONN Chart by TradingView
LRN(Stride Inc)- Stride, Inc. is a tech-based educational firm that provides proprietary and third-party instruction, software systems, and educational services. Under the Destinations Career Academy brand, it also provides online learning and career services to middle and high school students. Ronald J. Packard founded the company in 2000, and it is based in Herndon, Virginia.There are several methods for finding value stocks, but we’ve found that combining a high Rank with an excellent grade in our Style Scores system’s Value category yields the best results. The tried-and-true Rank focuses on earnings forecasts and updates, while our Style Scores look for stocks with unique characteristics.
LRN Chart by TradingView
UMH(UMH Properties, Inc)- UMH Properties, Inc. is a REIT that invests in real estate. It is a company that owns and operates manufactured home communities. The firm also leases manufactured home sites to private manufactured home owners. Its plans allow for detached, single-family manufactured homes to be built off-site by manufacturers and then constructed on community sites. The business was discovered.The FFO surprise in this quarter’s study is 13.33 percent. This real estate investment trust was projected to report FFO of $0.16 per share a quarter ago, but instead reported $0.15, resulting in a -6.25 percent surprise.
UMH Chart by TradingView
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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Happy Trading!!!!
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