Stocks to Buy 7/10/20 July 10, 2020

July 10, 2020 - The stock market has been trending up again as we get ready for earnings season.  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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Virgin Galactic (SPCE) - Virgin Galactic (SPCE) exploded into the $19's before the stock market tanked Thursday which led to a pullback.  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 for the long term.

Tesla (TSLA) - Tesla (TSLA) continues to hover around $1,400 as Wall St price targets continue to be upgraded.  Tesla stock has exploded in recent weeks and the rally has been warranted based on the results from last Thursday.  Tesla (TSLA) should be included in the S&P 500 soon and I'm expecting shares to hit $1800 at some point in 2021.  More on TSLA....

Hyliion (SHLL) - Hyliion (SHLL) will IPO and begin trading under the ticker symbol HYLN in about two months.  I purchased this stock around $18 recently as I view shares very cheap compared to Nikola (NKLA) which has no sales.  I sold a little bit in the $30's and started buying those back to hold into the HYLN IPO.

Beyond Meat (BYND) - Beyond Meat (BYND) is now trading around $140 after a big rally last week.  While my $150 price target has been met, I will be looking to add more stock on a drop below $130.  All eyes will be on earnings in four weeks.   More on BYND.....

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.

nCino (NCNO) - nCino (NCNO) will likely be the next big IPO in the stock market.  Expected to open for trading next week - https://daytradingstockblog.blogspot.com/2020/07/ncino-ncno-stock-ipo-cloud-software-for.html

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

Check out my Top Stocks 2021