Stocks to Buy 5/1/20 May 1, 2020

May 1, 2020 - The stock market soared last month but the futures are pointing up ahead of Tuesday's open.  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) hit $886 after earnings but then profit takers finally came in.  The stock has seen a massive run from $350 to almost $900 and will now form a base before the next run.  I plan to buy more near $700.

Beyond Meat (BYND) - Beyond Meat (BYND) skyrocketed to $116 but then dropped below $100.  BYND shares remain a strong buy on all major pullbacks and I love this stock long term.  Earnings are due out on May 5th

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 $37.  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.  Buy shares on a dip below $2000.

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