Stocks to Buy 7/29/20 July 29, 2020

July 29, 2020 - The stock market has been under some selling pressure lately.  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.

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Grayscale Bitcoin Trust (GBTC) - GBTC rallied back into the $13's Tuesday after Bitcoin soared above 11,000.  I'm bullish on Bitcoin and GBTC for the rest of 2020.  GBTC remains a strong buy on all major pullbacks.

Tesla (TSLA) - Tesla (TSLA) continues to bounce of the recent low.  Tesla (TSLA) is a strong buy on all pullbacks below $1400.

Virgin Galactic (SPCE) - Virgin Galactic (SPCE) rallied from $15-$27 in the past month but is now seeing a correction.  I love this stock long term and I'm expecting more big news later this fall as the company gets ready to send passengers to Space.  SPCE is a strong buy below $18 for the long term.

Beyond Meat (BYND) - Beyond Meat (BYND) has been dropping lately as traders move to other stocks and analysts doubt this company again.  My 2020 was met a month ago and now I'm buying back near $125.  All eyes will be on earnings next week.

Hyliion (SHLL) - Hyliion (SHLL) will IPO and begin trading under the ticker symbol HYLN in about two months.  I like the technology this company has and I plan to actively trade the HYLN IPO.

Nikola (NKLA) - I've been super bearish on Nikola (NKLA) above $40 but now shares have crashed into the $20's and $30's.  I began buying over the last two sessions and will buy again near $28.  We saw a really nice bounce back to $35 on Monday.

Other stocks to buy and hold for the long term - Shake Shack (SHAK), Amazon (AMZN), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL), Square (SQ), Netflix (NFLX).

Next Hot IPO:  Vital Farms (VITL) - https://daytradingstockblog.blogspot.com/2020/07/vital-farms-vitl-stock-ipo-date-opens.html

Check out my Top Stocks 2021