Stocks to Buy 4/8/20 April 8, 2020

April 8, 2020 - The S&P 500 has rallied back up near 2,800 before the pullback yesterday.  The stock market has seen massive panic and selling around news of the Coronavirus appears as though it will peak next week.  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 and has since rallied back above $30.  I could see SPXL hitting $45-$50 in late 2020.

Tesla (TSLA) - Tesla (TSLA) recently rallied back up near $600.  Like every other stock out there, Tesla shares are still 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.

Beyond Meat (BYND) - Beyond Meat (BYND) is still up above 50% from the low.  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.

Disney (DIS) - The Disney brand has never been better and now they have Disney +.  DIS stock has dropped from $147 to $85 but has since closed back above $100.  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).

Check out my Top Stocks 2021