Latest / STOCK PICKS BY JOE COTTON CHAMPION STOCK PICKER / Two Bargain Hi Tech Stocks

Transcript

Two Bargain Hi Tech Stocks · STOCK PICKS BY JOE COTTON CHAMPION STOCK PICKER

• 0:01
  SPEAKER_01: Hi, and welcome to my podcast.
• 0:05
  SPEAKER_01: My name is Joe Cotton, and I'm a champion stock picker and expert market timer.
• 0:10
  SPEAKER_01: You can subscribe to my market letter, Cottons Technically Speaking, at our website, www.cottonstocks.net.
• 0:19
  SPEAKER_01: It comes with a risk-free 30-day 100% money-back guarantee from data purchase.
• 0:26
  SPEAKER_01: Now nothing I say in this video is investment advice.
• 0:30
  SPEAKER_01: For investment advice, consult a registered investment advisor or a certified financial planner.
• 0:37
  SPEAKER_00: My two stocks of interest are Meta Platforms and HubSpot.
• 0:46
  SPEAKER_01: Now on HubSpot, I'm sorry, on Meta Platforms, it closed Friday at$616.77.
• 1:00
  SPEAKER_01: That's Meta Platforms, simple as META.
• 1:04
  SPEAKER_01: On August 27th, Rosenblatt gave it a buy rating and a price target of$886.
• 1:11
  SPEAKER_01: On the same day, Truist gave it a buy rating and a$6763 price target.
• 1:18
  SPEAKER_01: Now, if you look at the chart, you can see it's made a two-year triangle consolidation.
• 1:28
  SPEAKER_01: It had an MACD crossover in late August.
• 1:31
  SPEAKER_01: If you look on the little right-hand chart, that's the Zoom chart.
• 1:36
  SPEAKER_01: You can see it had a crossover, MACD crossover in late August and crossed back above its 50-day moving average of$595.49 on Thursday.
• 1:54
  SPEAKER_01: Now we think it's a bargain at this price.
• 1:57
  SPEAKER_01: finvis.com shows current earnings of$26.55 per share with a fairly low PE ratio of only$23.23.
• 2:08
  SPEAKER_01: Next year's estimates are$33.87 per share and a low PE, forward PE of only$18.21.
• 2:21
  SPEAKER_01: That's a real low number for a stock like this.
• 2:24
  SPEAKER_01: Insider selling appears life.
• 2:28
  SPEAKER_00: Now HubSpot is our next pick.
• 2:34
  SPEAKER_01: That's symbol H U B S.
• 2:38
  SPEAKER_01: It closed Friday at$247.60.
• 2:43
  SPEAKER_01: On August 7th, BMO Capital downgraded the stock from outperform to market perform with a target price of$215.
• 2:54
  SPEAKER_01: Now if you look at the chart, you can see that it's way down from its February 2025 high of about$860.
• 3:06
  SPEAKER_01: Now it broke above a long trend line.
• 3:10
  SPEAKER_01: See that long trend line on the top?
• 3:11
  SPEAKER_01: It broke above that in July at about$200 a share.
• 3:18
  SPEAKER_01: It closed above its 50-day moving average at about$200 in early July and has held mostly above it since.
• 3:28
  SPEAKER_01: And it had an MACD crossover on about August 20th.
• 3:34
  SPEAKER_01: Its current 50-day moving average is$223.37.
• 3:41
  SPEAKER_01: Now, FinViz.com shows current earnings of$2.83 per share with a PE ratio of 87.64.
• 3:54
  SPEAKER_01: But they also show an estimate of next year's earnings of$16.73 a share and a forward PE of only$14.80.
• 4:04
  SPEAKER_01: That's a big change, and that's a real low PE.
• 4:08
  SPEAKER_01: There are only about 50 million shares outstanding and 3.86 million shares short, which is a short float of 8.05%.
• 4:18
  SPEAKER_01: Now be that as it may, we think it's a bargain at this price, and it looks like it's on the move.
• 4:24
  SPEAKER_01: So thanks for listening.
• 4:26
  SPEAKER_01: Best regards and good luck.