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

July 7, 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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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 last Monday and started buying those back to hold into the HYLN IPO.

Tesla (TSLA) - Tesla (TSLA) hit a new record high at $1341 after the company reported a blow out deliveries number last week.  Tesla stock has exploded in recent weeks and the rally has been warranted based on the results from 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....

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.....

Virgin Galactic (SPCE) - Virgin Galactic (SPCE) is back trading around $16.  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.

Lemonade (LMND) - The LMND IPO opened at $50 and rallied to $95 two days later.  Stay tuned for more hot ipo's coming soon. - 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