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Wednesday, June 24, 2020

Stocks to Buy 6/25/20 June 25, 2020

June 25, 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) rallied up to $167 recently but then sold off.  While my $150 price target has been met, I'm looking for $200's in 2021.  All eyes will be on earnings in six weeks.   More on BYND.....

Tesla (TSLA) - Tesla (TSLA) seems to be hitting a ceiling below $1010 lately.  Tesla was bought up quickly on a drop to $925 so expect this level to act as support again going forward.  Tesla (TSLA) is a strong buy at $875 and below.  More on TSLA....

Virgin Galactic (SPCE) - Virgin Galactic (SPCE) announced a big NASA deal for private space travel on Monday and shares soared back to $18.  I love this stock long term and I'm expecting more big news later this fall as the company gets ready to send passengers to sub-orbit.  SPCE is a strong buy in the $15's and below.

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.

Net Element (NETE) - NETE announced an upcoming reverse merger with electric car company Mullen USA.  Mullen has a really nice looking EV so I'm expecting shares to do well going forward as long as this merger happens.  I own NETE around $6.30 right now and will hold into the fall.

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

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