March 2, 2020 - The S&P 500 dropped 14% in the final seven days in February with virtually no bounce. The stock market has seen massive panic and selling around news of the Coronavirus which has seen a very low spread in the USA. 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) blew away sales estimates on Thursday night but nothing gets rewarded during a stock market crash. Beyond reported sales of $98.5 million vs $79.5 million expected and they are outselling competition 2-1. BYND shares will soar in the 2nd half of 2020 as they continue to expand. Buy BYND below $90 and hold for 5-10 years.
Tesla (TSLA) - Tesla (TSLA) reported another profitable quarter and shares have pulled back from $970 to $670. There might be one more bad quarter in Q1 but expect massive sales and earnings into 2021-2022 where Tesla will be reporting jaw-dropping sales and earnings results. Buy below $650 and hold for the next 5-10 years.
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 dropped from $76 to $45 and then back to $50. Buy all you can below $55 and hold for the long term.
Disney (DIS) - The Disney brand has never been better and now they have Disney +. DIS stock has dropped from $147 to $117 and also yields 1.5%. Disney will snap back later in 2020 so this stock remains a strong long term buy and hold.
Other stocks to buy and hold for the long term - Shake Shack (SHAK), Amazon (AMZN), Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL).
Saturday, February 29, 2020
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