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Joe Cotton of Cotton Technically Speaking unveils his stock pick for Wall Street’s contest; he on a roll

Joe Cotton, Northern Kentucky resident and publisher of Cotton’s Technically Speaking, just unveiled his 2019 Stock Pick for the Wall Street’s Best Investments’ annual stock picking contest.

Cotton won their Dividend Stock Contest in 2016 with his pick American Midstream Partners (AMID) for a 1-Year Return of 118.50%.

Joe Cotton

Cotton came in second in their Equity Stock Contest in 2017 with his pick YY, Inc. (YY) for a 109% 1-Year Return.

He won the 2012 Dick Davis Digest Dividend Stock Contest with his pick Marathon Petroleum (MPC) for a 1-Year Return of 97%. The Dick Davis Digest contest was taken over by Wall Street’s Best Investments, which is sponsored by Cabot Wealth Management.

Cotton’s pick on December 25, 2018, for their 2019 Equity Contest was Alibaba Group Holding Ltd. (Symbol BABA). The closing price on December 24 was $131.89. It is the Amazon.com of China. It is a huge company with a Market Cap of 339 Billion. It is an online and mobile marketing company with online platforms in retail and wholesale. It is also a leader in Cloud Computing, and Digital Media & Entertainment. Earnings estimates for the year ending 3/29/19 are $5.21 per share with a Price Earnings Ratio of 25.31.The earnings estimates for the fiscal year ending 3/29/20 are $6.73 per share with a PE Ratio of only 19.59.

Cotton said that he thought the stock was a real bargain at this price and said that he expected the stock to move up at least 50% within the next 6 months.

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