April 27, 2020 - The stock market soared on Friday and 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) rallied back to $725 ahead of earnings on Wednesday after the close. We also received news that Citadel too a massive 4.3% stake in the company in Q1 2020. I'm expecting shares to rally back above $800 once the Fremont plant opens on May 4th.
Beyond Meat (BYND) - Beyond Meat (BYND) skyrocketed on Friday as shares got a boost from the Starbucks China news. BYND shares remain a strong buy on all major pullbacks and I love this stock long term.
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 25, 2020
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