Swing Trading Stocks to Watch
Swing trading stocks refers to the practice of trying to profit from market swings of a minimum of one day and as long as several weeks. In contrast to swing traders, day traders usually are in and out of the market in one day and trend traders often hold positions for several months. So, in terms of length of holding a trade, swing traders are in-between day traders and trend traders.
Each type of trading has its advantages and disadvantages. The appeal of swing trading is that it provides plenty of opportunities to trade; the dollar risk per trade is lower than with trend trading because of closer stops; it provides greater profit opportunity per trade than day trading; quick rewards provide emotional satisfaction. The downside of swing trading is that you must work hard all the time to manage trades; you are quite likely to miss major moves where huge profits can be made; frequent trading results in higher commission costs.
A good argument can be made that beginning traders would be well-served to start with swing trading as it allows enough trading action to gain experience; losses can be kept to acceptable levels with proper stop loss techniques, and it provides a good perspective to learn about both the short-term and long-term movements of markets.
Make sure to create a watchlist. These are simply stocks that have a fundamental catalyst and a shot at being a good trade. Some swing traders like to keep a dry-erase board next to their trading stations with a categorized list of opportunities, entry prices, target prices, and stop-loss prices.
$CVS – I am swinging CVS as a bearish play. If you are currently not in, I would be looking for an entry price After-Hours or Pre-Market. The TT Blackbox alerted CVS as a Bearish Swing Trade. My target is for 20% within the first 30 minutes of the market open on 2.20.2020.
CVS Health Corporation provides health services and plans in the United States. Its Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, Medicare Part D, clinical, disease management, and medical spend management services.
The company’s Retail/LTC segment sells prescription drugs and general merchandise, such as over-the-counter drugs, beauty products, cosmetics, and personal care products, as well as provides health care services through its MinuteClinic walk-in medical clinics.
Its Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management, Medicare plans, PDPs, Medicaid health care management services, workers’ compensation administrative services, and health information technology products and services.
The company’s customers include employers, insurance companies, unions, government employee groups, health plans, Medicare Part D prescription drug plans, Medicaid managed care plans, plans offered on public health insurance exchanges and private health insurance exchanges, other sponsors of health benefit plans, individuals, college students, workers, labor groups, and expatriates.
As of December 31, 2018, it had approximately 40 leased on-site pharmacies, 25 leased retail specialty pharmacy stores, 20 specialty mail-order pharmacies, and 90 branches for infusion and enteral services; and 9,900 retail locations and 1,100 MinuteClinic locations, as well as operating an online retail pharmacy Websites, LTC pharmacies, and onsite pharmacies. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island.
$GRUB – I am swinging GRUB as a bearish play. If you are currently not in, I would be looking for an entry price After-Hours or Pre-Market. The TT Blackbox alerted GRUB as a Bearish Swing Trade. My target is for 20% within the first 30 minutes of the market open on 2.20.2020.
GrubHub Inc (NYSE: GRUB) said it has discussed strategic options and considers itself to be a potential buyer of rivals. CEO Matt Maloney told WSJ in an interview he expects the food delivery industry to show “more clarity” by the middle of 2020.
Grubhub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners in various cities.
It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
The company also provides a corporate program that offers employees with various food and ordering options, including options for individual meals, group ordering, and catering, as well as proprietary tools that consolidate various food ordering into a single online account.
In addition, it offers Allmenus.com and MenuPages.com, which provide an aggregated database of approximately 440,000 menus from restaurants in 50 U.S. states; Grubhub for Restaurants, a responsive Web application that can be accessed from computers and mobile devices, as well as Grubhub-provided tablets; point of sale (POS) integration, which allows restaurants to manage Grubhub orders and update their menus directly from their existing POS system; and Website and mobile application design and hosting services for restaurants, as well as technology and fulfillment services, including order transmission and customer relationship management tools.
The company was formerly known as GrubHub Seamless Inc. and changed its name to Grubhub Inc. in February 2014. Grubhub Inc. was founded in 1999 and is headquartered in Chicago, Illinois.
$SCHW – I am swinging SCHW as a bearish play. If you are currently not in, I would be looking for an entry price After-Hours or Pre-Market. The TT Blackbox alerted SCHW as a Bearish Swing Trade. My target is for 20% within the first 30 minutes of the market open on 2.20.2020.
The Charles Schwab Corporation SCHW has released the monthly activity report for January 2020, which shows decent results compared with the prior month. Net new assets of $20.9 billion plunged 31% from the previous month. Nonetheless, it improved 38% year over year.
Total client assets came in at $4.1 trillion, in line with the prior month but up 18% from the year-ago month. Client assets receiving ongoing advisory services were $2.11 trillion, in line with the prior month but up 17% year over year. Schwab’s average interest-earning assets were $279.4 billion at the end of January, up 2% from December 2019 and 1% from January 2019. The company opened 167,000 new brokerage accounts in the reported month, up 2% sequentially and 27% year on year.
Schwab’s active brokerage accounts totaled 12.4 million at the end of January, up 1% sequentially and 7% from the year-ago month. Further, the client’s banking accounts were 1.4 million, rising 1% from December 2019 and 7% from January 2019. The number of retirement-plan participants was down 1% from the prior-month level but up 3% year on year to 1.7 million.
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services, and Advisor Services.
The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
The Advisor Services segment provides custodial, trading, and support services; and retirement business and corporate brokerage retirement services. This segment provides brokerage accounts with cash management capabilities; third-party mutual funds, as well as proprietary mutual funds, plus mutual fund trading, and clearing services to broker-dealers; and exchange-traded funds (ETFs), including proprietary and third-party ETFs.
It also offers advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management.
In addition, this segment provides banking products and services, including checking and savings accounts, certificates of deposit, first-lien residential real estate mortgage loans, home equity loans and lines of credit, and pledged asset lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. The company serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, England, Hong Kong, Singapore, and Australia.
The Charles Schwab Corporation was founded in 1971 and is headquartered in San Francisco, California.