Stocks to Buy 5/19/20 May 19, 2020

May 19, 2020 - The stock market exploded on Monday after positive trial data from Moderna (MRNA).  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 $130 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.  I plan to buy more between $110-$115 if we see another drop.  More on BYND.....

Tesla (TSLA) - Tesla (TSLA) rallied back into the $800's on Monday.  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).

DVAX and ABUS are big gainers in after market trading - https://stockstobuy.org/blog/f/dynavax-dvax-arbutus-biopharma-abus-exploding-after-hours

Check out my Top Stocks 2021