Stocks to Buy 4/17/20 April 17, 2020

April 17, 2020 - The stock market dropped on Thursday and Tesla spiked again.  The futures are soaring ahead of Friday's open thanks to a USA reopening plan and positive results from GILD's Covid-19 drug.  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.

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Tesla (TSLA) - Tesla (TSLA) shares hit $790 in after market trading on Thursday night.  Goldman Sachs rated shares a buy two days ago with an $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.

Beyond Meat (BYND) - Beyond Meat (BYND) rallied back up near $80 in after market trading on Thursday.  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