Latest / STOCK PICKS BY JOE COTTON CHAMPION STOCK PICKER / July 21, 2026 Podcast - Stock of the Week
Transcript
- 0:00SPEAKER_00: Hi, and welcome to my podcast.
- 0:02SPEAKER_00: My name is Joe Cotton, and I'm a champion stock picker and excellent market timer.
- 0:08SPEAKER_00: I won three national stock picking contests and came in second in two others.
- 0:13SPEAKER_00: Some of those picks were up more than 500% in one year.
- 0:17SPEAKER_00: Some of the stock picks in my market letter, Cotton's Technically Speaking, have doubled in 30 days.
- 0:23SPEAKER_00: The most recent pick that doubled was Faith Therapeutics, that symbol FTH, which I gave a buy rating on in June 15th, 2026, at$13 a share.
- 0:36SPEAKER_00: The stock jumped and reached$28 in six trading days and reached$36 per share within 30 days.
- 0:46SPEAKER_00: Keep in mind, not all of my stock picks go up.
- 0:50SPEAKER_00: Some go down, but most of them go up.
- 0:53SPEAKER_00: Be advised that nothing I say in this podcast is investment advice.
- 0:57SPEAKER_00: For investment advice, consult a registered investment advisor or certified financial planner.
- 1:05SPEAKER_00: Now our stock of the week is SpaceX.
- 1:09SPEAKER_00: But first of all, you need to know that we think the market is going to sell off, and we would be 70% in cash.
- 1:16SPEAKER_00: As we see it, Trump has gotten himself in a box, and we don't see any way out for him except to destroy everything in sight.
- 1:24SPEAKER_00: And that has to be bad for the market and the world.
- 1:27SPEAKER_00: God help us.
- 1:29SPEAKER_00: Our stock of the week is SpaceX, that symbol SPCX, which closed Monday, July 20th at$119.85.
- 1:40SPEAKER_00: SpaceX is Elon Musk's recent IPO priced at$135.
- 1:46SPEAKER_00: It opened for trading at about$150 a share and got up to$223 within four days.
- 1:52SPEAKER_00: And in three more days, it was back to$150.
- 1:56SPEAKER_00: Then it rallied to about$170 in another week, and then started a slow decline to a closing low of$119.85 on Monday, July 20th.
- 2:08SPEAKER_00: We think it's a bargain at that price.
- 2:11SPEAKER_00: On July 16th, Pipers Handler gave it a neutral rating and a$156 price target.
- 2:17SPEAKER_00: On July 15th, Needham gave it a buy rating and a$250 price target.
- 2:23SPEAKER_00: Per finbiz.com there are 7.38 billion shares outstanding and only a float of 646 million shares.
- 2:33SPEAKER_00: Now that figure could get a lot larger as the IPO lockup periods begin to expire in August.
- 2:40SPEAKER_00: It's complicated, and to get more information, you need to Google SpaceX, S P A-C-E-X, IPO, lockup, expirations.
- 2:53SPEAKER_00: And that'll give you all the information.
- 2:55SPEAKER_00: Now to get good prices on SpaceX, we would use our normal buying strategy, which is outlined in our market letter, which is to buy 40% of a particular stock now and buy 30% more on each 20% decline from your original buy price.
- 3:12SPEAKER_00: That would result in buying 40% of the stock at$119.85 and 30% at$95.88, and 30% at$71.91.
- 3:24SPEAKER_00: But we don't think it will get that low.
- 3:27SPEAKER_00: But instead we'll start to rally from here.
- 3:31SPEAKER_00: Now you need to go to finvis.com to research SpaceX, and you need to go to stockcharts.com to look at the chart.
- 3:40SPEAKER_00: You never want to buy a stock unless you look at the chart.
- 3:43SPEAKER_00: Now at stockcharts.com you put in the symbol and then you make the following changes to the chart.
- 3:50SPEAKER_00: Under attributes, make the chart type OHLC bars.
- 3:56SPEAKER_00: That's open, high, low, close bars thick.
- 4:00SPEAKER_00: Make the chart size 460.
- 4:04SPEAKER_00: Make the volume separate.
- 4:07SPEAKER_00: Then lower up under scale and display.
- 4:10SPEAKER_00: You want to uncheck the log scale.
- 4:13SPEAKER_00: You want to uncheck the y-axis labels, and you want to check the zoom.
- 4:19SPEAKER_00: Under indicators, we use MACD, positioned above, chalk and money flow, positioned below, and Williams percentage R, positioned below.
- 4:30SPEAKER_00: Now remember, my market letter, Cotton's Technically Speaking, costs only$199 per year.
- 4:37SPEAKER_00: That's 24 issues.
- 4:39SPEAKER_00: Each issue contains eight or nine stock picks and a market assessment and is published on the first and third Monday of the month at 8 a.m.
- 4:48SPEAKER_00: before the market opens.
- 4:50SPEAKER_00: We have an unconditional 30-day 100% money-back guarantee from date of purchase.
- 4:57SPEAKER_00: Only one refund refund per family allowed in any three year period.
- 5:02SPEAKER_00: You can also download our most recent issue for only$19.95 at our website, cottonstocks.net.
- 5:10SPEAKER_00: That's C O T T O N S T O C K S dot net.
- 5:15SPEAKER_00: Thanks for listening today and good luck.