Joe Cotton: Stocks of the week — buy quality growth stocks sold at huge discounts

Market Valuation – As of Saturday, May 14 at 10:33 p.m.

On Friday, May 13 at 6:03 a.m., we informed our followers as follows: “WE THINK THE BEAR MARKET ENDED YESTERDAY… CLIMAX SALE AND A TAIL. WOULD BUY THE QUALITY GROWTH STOCKS SOLD AT HUGE DISCOUNTS AT 2021 PRICES.”

Technically, the DOW’s 5,724 point decline from its January 2022 high of 36952 to the May 12 low of 31228 was only a 15.5% correction, not a 20% bear market decline. .

However, the stocks shown above have been in devastating bear markets lasting 4 to 16 months. The sample charts below show these extreme Bear Market type losses: 83% – Shopify (SHOP), 72% – Netflx (NFLX) and 80% – PayPal (PYPL). We think they’re all great buys at these prices.

Visit www.finance.yahoo.com to research our stock picks before you buy. Their summary page provides some very important information: ie. Company profile, earnings per share, dividend yield, brokerage ratings, recent news, and more. Our market letter is not investment advice and should not be construed as investment advice. We pick our stocks by analyzing a company’s stock chart.

Joe Cotton has won three national stock picking contests with annual percentage gains over 96%. Its 2020 Wall Street Best Stock competition winner was Inovio Pharmaceuticals (Symbol INO) with a 742% 1-year return.

This article is not investment advice and should not be construed as investment advice. For investment advice, consult a Registered Investment Advisor or Certified Financial Planner. Joe Cotton’s website is www.cottonstocks.net. Joseph W. Cotton of NKY is the 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 registered investment representative of Fidelity Investments. Contact him at [email protected]

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