Stocks to Buy 6/29/20 June 29, 2020

June 29, 2020 - The stock market saw a major rebound recently but is now pulling back.  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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Tesla (TSLA) - Tesla (TSLA) is trading around $960 as we get ready for Q2 deliveries next week.  Tesla was bought up quickly on the last drop to $925 so expect this level to act as support again going forward.  Tesla (TSLA) will soon begin a really strong Q3 and I'm expecting shares to hit $1200 in 2020.  More on TSLA....

Beyond Meat (BYND) - Beyond Meat (BYND) is finally seeing a correction with the weak stock market.  While my $150 price target has been met, I'm looking to purchase more below $130.  All eyes will be on earnings in four weeks.   More on BYND.....

Virgin Galactic (SPCE) - Virgin Galactic (SPCE) had a lot of positive news last week but dropped with the stock market.  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.

Hyliion (SHLL) - Hyliion (SHLL) will IPO and begin trading under the ticker symbol HYLN in about three months.  I purchased this stock around $18 last week as I view shares very cheap compared to Nikola (NKLA) which has no sales.  I plan to sell after the IPO.

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

Check out my Top Stocks 2021