April 9, 2020 - The S&P 500 has rallied again Wednesday ahead of the last trading day of the week. The stock market has seen massive panic and selling around news of the Coronavirus and appears as though it will peak this week. 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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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 recently dropped from $76 to $19 and has since rallied back above $30. I could see SPXL hitting $45-$50 in late 2020.
Tesla (TSLA) - Tesla (TSLA) announced they will open the Fremont plant on May 4th. Like every other stock out there, Tesla shares are still down a lot. However, this is one of the best companies to own when we get out of this mess. Tesla will not go bankrupt so that is one less worry vs a year or two ago.
Beyond Meat (BYND) - Beyond Meat (BYND) is still up above 50% from the low. BYND shares will soar in the 2nd half of 2020 as they continue to expand. Buy BYND below $60 and hold for 5-10 years.
Disney (DIS) - Disney (DIS) rallied above $108 on Wednesday night after the company announced they hit 50 million subscribers. Disney will snap back later in 2020 so this stock remains a strong long term buy and hold.
Grayscale Bitcoin Trust (GBTC) - The printing presses are getting ready to go into overdrive. When we come out of the this disaster, Bitcoin is going to soar. GBTC is cheap and can easily rally from $7-$20 in the next year.
Other stocks to buy and hold for the long term - Amazon (AMZN), Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL).
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Top Stocks 2021
