March 22, 2020 - The S&P 500 is now down around 30% in 2020. The stock market has seen massive panic and selling around news of the Coronavirus which still isn't even close to the same flu death numbers in the USA. 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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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. Goldman Sachs sees the S&P 500 bouncing around 2000-2100 and then ending the year at 3200. This would mean a rally from $15-$65 for SPXL if that prediction comes true.
Beyond Meat (BYND) - Beyond Meat (BYND) is trading in the $50's, down about 50% in a few weeks. BYND shares will soar in the 2nd half of 2020 as they continue to expand. Buy BYND below $60 and hold for 5-10 years.
Tesla (TSLA) - Tesla (TSLA) recently bounced $100 per share off $350. Like every other stock out there, Tesla shares are down a lot. However, this is one of the best companies to own when we get out of this mess. Tesla will not go bankrupt so that is one less worry vs a year or two ago.
Disney (DIS) - The Disney brand has never been better and now they have Disney +. DIS stock has dropped from $147 to $85 and also yields 1.85%. Disney will snap back later in 2020 so this stock remains a strong long term buy and hold.
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 - Amazon (AMZN), Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL).
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Top Stocks 2021
