Stocks to Buy 4/16/20 April 16, 2020

April 16, 2020 - The stock market dropped Wednesday but Tesla rallied again.  The futures are pointing up slightly for Thursday but we'll get a better picture in the morning.  The stock market has seen a really nice recovery as we get ready to 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.

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Tesla (TSLA) - Tesla (TSLA) shares skyrocketed back to $750 on Wednesday after a Goldman Sachs price target of $864.  The company is getting ready to report earnings next week, open Fremont back up on May 4th, and have their battery event at the end of May.  TSLA is a strong buy in the $500's if we ever see another dip.

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 $30.  I could see SPXL hitting $45-$50 in late 2020.

Beyond Meat (BYND) - Beyond Meat (BYND) rallied up to $83 this week but has seen a sharp pullback.  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.

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