Stocks to Buy 5/14/20 May 14, 2020

May 14, 2020 - The stock market saw a massive bounce off the lows and now we are seeing a pullback.  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) rallied into the $147's Wednesday before finally seeing a pullback.  Jim Cramer gave bullish comments on the stock last week 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 on Wednesday 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).

Check out my Top Stocks 2021