Stocks to Buy 7/15/20 July 15, 2020

July 15, 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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nCino (NCNO) - nCino (NCNO) was the red hot IPO that opened for trading on Tuesday.  Shares opened in the $71's and then closed in the $91's.  Watch for more upside tomorrow with the stock market gapping higher on the positive Moderna (MRNA) data.

Tesla (TSLA) - Tesla (TSLA) saw a huge price target increase today but the stock is still digesting the massive move recently.  I sold 1/3 of my position yesterday and took most of my principal investment out of the stock.  I plan to buy back in the $1100's or purchase other stocks.  More on TSLA....

Virgin Galactic (SPCE) - Virgin Galactic (SPCE) came close to $21 Monday but then sold off into the close.  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 Space.  SPCE is a strong buy in the $15's for the long term.

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) has been dropping lately as traders move to other stocks and analysts doubt this company again.  My 2020 was met a month ago and now I'm buying back near $125.  All eyes will be on earnings in three 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.

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

Next Hot IPO:  Li Auto (LI) - https://daytradingstockblog.blogspot.com/2020/07/li-auto-li-stock-ipo-chinese-ev.html

Check out my Top Stocks 2021