Stocks to Buy 7/2/20 July 2, 2020

July 2, 2020 - The stock market is rebounding this week as we start Q3.  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) dropped to $125 but then soared over $150 on the Alibaba Deal.  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.....

Tesla (TSLA) - Tesla (TSLA) hit a new record high ahead of deliveries due out this 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) begins a really strong Q3 this week and I'm expecting shares to hit $1200 in 2020.  We are almost there!  More on TSLA....

Virgin Galactic (SPCE) - Virgin Galactic (SPCE) rallied from the $14's to nearly $17 this week.  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 below $15 for the long term.

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 sold a little bit in the $30's on Monday but will hold the rest for the HYLN IPO.

Lemonade (LMND) - The LMND IPO opens for trading Thursday - https://daytradingstockblog.blogspot.com/2020/06/lemonade-lmnd-stock-ipo-ai-bots-replace.html

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