Market Assessment – As of Monday, March 7, 2022 at 12:30 AM
IT’S ONCE IN A BLUE MOON….
Prices for quality Tech and Biotech stocks are at bargain basement levels, which we don’t think will happen again for a very long time. The Market (The DOW) could have bottomed, at least temporarily. But regardless, we think our stock picks have bottomed.
To be extra prudent, our buying strategy would be to Buy 50% of a particular stocks now, and buy 50% more if it declines another 50% from your Original Buy Price….to ensure extraordinarily great Buy Prices. See 6 of our 8 weekly stock picks below.
Putin’s catastrophic invasion of Ukraine is horrendous….but Putin gave the West and Europe ample warnings of what would happen if its security demands were not met. One main demand was that Ukraine would not join NATO….which they were leaning toward doing.
Recent ratings of our picks by major brokerage houses are as follows: Netflix (NFLX)- Buy, Facebook (FB)- Overweight & Hold, PayPal (PYPL)-Buy, Teladoc Health (TDOC)-Buy, Sunrun, Inc.(RUN)-Outperform.
Joe Cotton has won three National Stock Picking Contests with yearly percentage gains in excess of 96%. His 2020 Wall Street’s Best stock contest winner was Inovio Pharmaceuticals (Symbol INO) with a 742% 1-Year return.
This article is not investment advice, nor is it in any way to be construed as investment advice. For Investment Advice consult a Registered Investment Advisor or a Certified Financial Planner. Joe Cotton’s website is www.cottonstocks.net. NKY’s Joseph W. Cotton is publisher of the market newsletter, Cotton’s Technically Speaking. He is a graduate of Xavier University, a former bank manager and credit analyst, and a former Fidelity Investments registered investment representative. Contact him at cottonstocks@hotmail.com