Are you looking for stocks to swing trade? Benzinga is here to inspire you with some of the perfect stocks for swing trading. The market is always volatile and these stocks change regularly to help you make the right decisions. The shorter your trading period, the more nimble you will be in making decisions. Swing trading is much riskier than buying and holding, so get out of bad deals right away and set profit targets for your winners.
Meta Platforms (NASDAQ: FB)
Meta is the world’s largest online social network with 2.5 billion monthly active users. Users connect with each other in many ways, exchanging messages and sharing news, photos, and videos. On the video side, the company is in the process of building a premium content library and generating revenue from it through advertising or subscription revenue. Meta calls it Facebook Watch. The company’s ecosystem consists mainly of Facebook, Instagram, Messenger, WhatsApp applications and many functions associated with these products. Users have access to Facebook on mobile and desktop. Advertising revenue accounts for more than 90% of the company’s total revenue, with 50% coming from the United States and Canada and 25% from Europe. With a gross margin of over 80%, Meta operates with a 30% plus margin.
Caterpillar (NYSE: CAT)
Caterpillar Inc. is the world’s largest manufacturer of construction and mining equipment. This equipment includes diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Caterpillar operates through four business segments – Construction, Mining, Energy & Transport, and Financial Products.
Construction stock has a market cap of $87 billion and earnings per share of $7.45. It has an annual dividend yield of $4.12 per share. Caterpillar is highly liquid, trading more than 2.1 million shares daily and having sales of $53 billion in 2019.
Kellogg (NYSE: K)
Founded in 1906, Kellogg’s is the world’s leading manufacturer and distributor of cereals, biscuits, biscuits, and packaged foods. Its offerings are produced in 21 countries and sold in more than 180 countries. Its product mix includes well-known brands such as Special K, Frosted Flakes, Froot Loops, Rice Krispies, Pop-Tarts, Eggo, Kashi, and Morningstar Farms. The company added the Pringles brand to its range in 2012. Take-away sales account for approximately 40% of Kellogg’s consolidated sales base.
Kellogg (NYSE: K)
Founded in 1906, Kellogg’s is the world’s leading manufacturer and distributor of cereals, biscuits, biscuits and packaged foods. Its offerings are produced in 21 countries and sold in more than 180 countries. Its product mix includes well-known brands such as Special K, Frosted Flakes, Froot Loops, Rice Krispies, Pop-Tarts, Eggo, Kashi and Morningstar Farms. The company added the Pringles brand to its range in 2012. Take-away sales account for approximately 40% of Kellogg’s consolidated sales base.
Kohl’s (NYSE: KSS)
Kohl’s is a department store retailer with more than 1,000 locations across the United States, but like most retailers, they have dealt with the chin during the coronavirus block. While not as volatile as department stores like Macy’s and Neiman Marcus, Kohl’s shares have fallen nearly 60 percent over the past three months.
Kohl’s has all the features needed for great swing trading — high beta, short interest rates of over 15%, and an average of about 14 million shares traded daily. Kohl’s also has an upcoming catalyst – the May 19 earnings call.
Swing Trade Stocks
Swing traders are exposed to the most volatile movements while staying, but profits can be exponentially greater, especially when exercising options. The best stocks for swing trading are those that have a known catalyst, high volume, and enough volatility to make short-term trades profitable. You can read more about how to swing trade below.
The sectors are not very important in swing trading, nor are they very important fundamentally. This is not a long-term investment, so technical signals are more important than the price-to-debt ratio. A company with a mountain of long-term debt and dry cash flow can still be a very profitable swing trade.
Successful swing traders need to be nimble with their beliefs – stocks with accumulated volume before profits can be sold on the spot rather than bought. Swing traders use different strategies to increase their profits, but all the stocks they are looking for have some characteristics in common.
You can find options online to help you get started with swing trading. Mindful Trader offers stock and options but can also teach you the trading strategies behind them. Mindful Trader’s approach is based on data and statistics. Sign up for Mindful Trader support for only $47 per month.