Stocks to Buy 3/5/20 March 5, 2020

March 5, 2020 - The S&P 500 soared yesterday but the stock market futures are pointing to a lower open  The stock market has seen massive panic and selling around news of the Coronavirus which has seen a very low spread 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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Beyond Meat (BYND) - Beyond Meat (BYND) rebounded above $100 yesterday but is weak in pre market.  Recently, Beyond reported sales of $98.5 million vs $79.5 million expected and they are outselling competition 2-1.  BYND shares will soar in the 2nd half of 2020 as they continue to expand.  Buy BYND below $90 and hold for 5-10 years.

Tesla (TSLA) - Tesla (TSLA) rallied from $610-$820 in a week and is pulling back again.  There might be one more bad quarter in Q1 but expect massive sales and earnings into 2021-2022 where Tesla will be reporting jaw-dropping sales and earnings results.  Buy below $650 and hold for the next 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 $45 and then rallied back to $50.  Buy all you can below $55 and hold for the long term.

Grayscale Bitcoin Trust (GBTC) - GBTC moves with the price of Bitcoin and is the safest way to purchase Bitcoin without actually owning it.  Bitcoin will likely test $20,000 by the end of the year and explode next year if the long term trend holds.  GBTC will soar so I'd buy below $10.

VectoIQ Acquisition Corp. (VTIQ) - Nikola Motors (NKLA) purchased VectoIQ Acquisition Corp. (VTIQ) and will soon be merging with the company.  VTIQ in the $13's is a really good deal and we could easily see the $20's in a few months.

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