May 11, 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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Beyond Meat (BYND) - Beyond Meat (BYND) hit $136 on Friday after the company reported blowout earnings. Jim Cramer of CNBC called the company the next Amazon (AMZN) or Facebook (FB). BYND is a strong buy on all major pullbacks.
Tesla (TSLA) - Tesla (TSLA) rallied back into the $820's Friday as the company plans to reopen the Fremont plant. 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.
Grayscale Bitcoin Trust (GBTC) - GBTC soaring as Bitcoin hits $10,000 before the halving event. GBTC remains a strong buy on all major pullbacks.
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.
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, May 9, 2020
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