May 18, 2020 - The stock market continues to trade sideways after the Dow continues to fail above 24,000. 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) has dropped from $147 to about $132 recently. Jim Cramer
gave bullish comments on the stock two weeks ago which made it rally $20. I currently have a $150 price target for BYND in 2020.
More on BYND.....
Tesla (TSLA) - Tesla (TSLA) dropped back into the $700's last week after a big rally to begin the week. There appears to be major resistance in the $800's as investors grow cautious of Q2 earnings. Once we get the bad quarter behind us, expect a move toward $1,000. The next big event is the Tesla Battery Day in June 2020. Tesla (TSLA) is a strong buy below $700.
Grayscale Bitcoin Trust (GBTC) - GBTC is forming a base after the Bitcoin halving event cut the new supply in half. I'm bullish on Bitcoin and GBTC for the rest of 2020. GBTC remains a strong buy on all major pullbacks.
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 $2100.
Other stocks to buy and hold for the long term - Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL), Disney (DIS), Netflix (NFLX).
Here is my Stocks to Watch post -
https://stockstobuy.org/blog/f/stocks-to-watch-monday
Check out my
Top Stocks 2021
