Stocks to Buy 5/7/20 May 7, 2020

May 7, 2020 - The stock market saw a massive bounce off the lows and we are now in bull market territory.  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) hit $886 after earnings but is now back in the $700's.  The stock has seen a massive run from $350 to almost $900 and will now form a base before the next run.  Tesla (TSLA) is a strong buy below $700.

Beyond Meat (BYND) - Beyond Meat (BYND) skyrocketed to $128 after reporting blowout earnings.  BYND shares remain a strong buy on all major pullbacks and I love this stock long term.  BYND may never see a drop below $100 again.

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 $37.  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.  Buy shares on a dip below $2000.

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

Dow Jones Futures 5/7/20 May 7, 2020

Stock Market Futures for 5/7/20 May 7, 2020 - Twitter @StocksToBuy

The Dow Jones and Stock Market are in recovery mode after the Coronavirus caused the market to crash.  Will the stock market go up or down on Thursday?  Keep tabs on the stock market futures which will predict the open on Thursday.  If you invest or trade stocks, check out the links below to view my stocks picks for 2021.

Check out my Top Stocks Picks 2021 - Top Penny Stocks 2021 - Coronavirus Stocks 2020

Stock Market Futures - May 7, 2020

Dow Jones Futures - Up 272
S&P 500 Futures  - Up 36
NASDAQ Futures - Up 122
Bitcoin Price - 9,325
Gold Futures - 1698
Silver Futures - 15.19
Oil Futures - 25.44

Asian Markets ( Nikkei ) - 19,674

Dow Jones Futures - Tomorrow

Stock Ideas 2021 - Top 10 Penny Stocks to Buy

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Dow Jones Close 5/6/20 Stock Market Closing Prices

Stock Market Closing Prices - May 6, 2020

Dow Jones Industrial Average ( DJIA ) Close - 23,664.64 Down 218.45
Nasdaq Stock Market Close - 8,854.39 Up 45.27
S&P 500 Close - 2,848.42 Down 20.02
Tesla (TSLA) Stock Closing Price - $783
Bitcoin Price - 9,260
http://dowjonesclose.com

Twitter - @StocksToBuy

Commodities Closing Prices - 5/6/20
Gold Close - 1692
Silver Close - 15.09

Oil Close - 24.29
Natural Gas Close - 1.95

The Dow Jones Industrial Average closed at 23,665 on 5/6/20, as the stock market dropped into the close.  Beyond Meat (BYND) reported blow out earnings numbers and shares rallied 23%.  As for the stock market, the Dow Jones will continue to see major resistance between 24,000-25,000.  As for my long term investments, I own Tesla (TSLA), Beyond Meat (BYND), and Grayscale Bitcoin Trust (GBTC).  Check out my Top Stock Picks 2021.  I also updated my Coronavirus Stocks page.

Check out my Top Penny Stocks 2021 page for my latest penny stock picks.