Stocks to Buy 4/22/20 April 22, 2020

April 22, 2020 - The stock market dropped on Tuesday.  The futures are pointing up ahead of Wednesday's open.  The stock market has seen a really nice recovery as we get ready for the U.S to open back up in May.  Below are some amazing stocks to buy if you are looking to put money to work or looking to switch into high quality growth stocks.

Follow Me on Twitter - @StocksToBuy

Tesla (TSLA) - Tesla (TSLA) closed back below $700 on Tuesday but all eyes are on earnings next week.  Goldman Sachs rated shares a buy last week with a $864 price target.  Tesla has rallied from $350-$790 in less than a month and this is my top long term stock to buy on dips.  I want to buy more around $625.

Beyond Meat (BYND) - Beyond Meat (BYND) rallied back above $90 on Tuesday.  BYND shares will soar in the 2nd half of 2020 as they continue to expand.  Buy BYND below $70 and hold for 5-10 years.

Direxion S&P 500 Bull 3x (SPXL) - SPXL is the S&P 500 on steroids so if you are bullish on the stock market long term, this is the ETF for you.  SPXL recently dropped from $76 to $19 and has since rallied back above $35.  I could see SPXL hitting $45-$50 in late 2020.

Amazon (AMZN) - Amazon (AMZN) continues to see huge business during this crisis as shoppers order online.  Q1 should come in way better than expected.

Grayscale Bitcoin Trust (GBTC) - The printing presses are getting ready to go into overdrive.  When we come out of the this disaster, Bitcoin is going to soar.  GBTC is cheap and can easily rally from $7-$20 in the next year.

Other stocks to buy and hold for the long term - Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL), Disney (DIS), Netflix (NFLX).

Check out my Top Stocks 2021