Stocks to Buy 6/16/20 June 16, 2020

June 16, 2020 - The stock market continues to rally back to new highs despite Covid-19.  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) bounced off $140 on Monday and closed near $155.  While my $150 price target has been met, I'm looking for $200's in 2021.   More on BYND.....

Tesla (TSLA) - Tesla (TSLA) rallied from $900 to $1000 on Monday.  Tesla hit $1025 last week and should see buyers step in again below $900.  Tesla (TSLA) is a strong buy at $875 and below.  More on TSLA....

Virgin Galactic (SPCE) - I bought back into Virgin Galactic (SPCE) last week and I plan to hold these shares for the long term.  The company will start charging customers for sub-orbital flights in Q1 2021 so expect so really positive news to come in the next 3-6 months.  At this point, shares are a strong buy below $18 and I'd be buying aggressively.  My recent Tweet.

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.

Slack (WORK) - I added another stock to my portfolio recently and this one is called Slack (WORK).  They are basically the Facebook of enterprise and this company has really started to grow lately.  As more and more businesses phase out email communication, Slack stands to benefit.  I have a $45 price target for the next 12 months.

Vroom (VRM) - VRM was the recent IPO and share have dropped from $55 to $40 in a few days.  VRM is a strong buy below $40 if we see another dip.

Other stocks to buy and hold for the long term - Amazon (AMZN), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL), Disney (DIS), Netflix (NFLX).

Check out my Top Stocks 2021