April 20, 2020 - The stock market rallied on Friday and Tesla spiked again. The futures are pointing up ahead of Monday's open. The stock market has seen a really nice recovery as we get ready for the U.S to open back up in May. 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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Tesla (TSLA) - Tesla (TSLA) closed up 10 straight sessions and are forming a base in the mid $700's ahead of earnings. Goldman Sachs rated shares a buy last week with a $864 price target. Tesla has rallied from $350-$790 in less than a month and this is my top long term stock to buy on dips.
Beyond Meat (BYND) - Beyond Meat (BYND) rallied back up near $80 last week. BYND shares will soar in the 2nd half of 2020 as they continue to expand. Buy BYND below $70 and hold for 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 recently dropped from $76 to $19 and has since rallied back above $35. I could see SPXL hitting $45-$50 in late 2020.
Amazon (AMZN) - Amazon (AMZN) continues to see huge business during this crisis as shoppers order online. Q1 should come in way better than expected.
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 - Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL), Disney (DIS), Netflix (NFLX).
Check out my Top Stocks 2021
Saturday, April 18, 2020
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