A nonprofit publication of the Kentucky Center for Public Service Journalism

Joe Cotton: Stock pick of the week is fuboTV, a streaming platform for sports, news, entertainment

Market Assessment as of 10-9-21.

We believe we are probably now in a Bear Market, and we would be selling the risky High Priced, High PE Ratio stocks like stocks like Intuitive Surgical (ISRG) 3228.54, Align Technology (ALGN) 643.56 and Chipotle (CMG) 1817.61, which are beginning to fall.

Joe Cotton

See charts of CMG and ISRG below.

Our “Stock of The Week” is fuboTV (FUBO) 25.12.

It operates a live TV streaming platform for live sports events, news and entertainment content in the U.S. and Europe. It is aggressive and fast-growing and indicates that it will be offering Online Betting as part of the service sometime in the 3rd quarter of 2021. It is a very risky stock. I own FUBO and Options – which I bought this week.

The stock sold for over $55 in January of 2021. Go to www.finance.yahoo.com to find updated news about the company. It reports that there are 141.67M shares outstanding and a float of 129.64M shares. Of that total, 22.9M shares are sold short as of 9/15/21 (17.42% of the float)……making the stock a prime candidate for a Short Squeeze.

Joe Cotton has won 3 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

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