Stocks to Buy 6/7/20 June 7, 2020

June 7, 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) recently saw a $30 pullback but has ripped back up near $140.  I continue to like this stock on all dips below $120 ahead of earnings in August.  While my $150 price target has basically been met, I'm looking for $200's in 2021.   More on BYND.....

Tesla (TSLA) - Tesla (TSLA) is back trading near $900.  Once we get the bad Q2 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 $800.  More on TSLA....

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 $45.  We might see shares hit $55-$60 late in 2020.

Virgin Galactic (SPCE) - SPCE has been a great stock to trade lately and I'm looking to reload around $15.50.  SPCE is trapping a trading range of $15-$18 in the short term.

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

Check out my Top Stocks 2021