May 14, 2020 - The stock market saw a massive bounce off the lows and now we are seeing a pullback. 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) rallied into the $147's Wednesday before finally seeing a pullback. Jim Cramer
gave bullish comments on the stock last week which made it rally $20. I currently have a $150 price target for BYND in 2020.
More on BYND.....
Tesla (TSLA) - Tesla (TSLA) dropped back into the $700's on Wednesday after a big rally to begin the week. There appears to be major resistance in the $800's as investors grow cautious of Q2 earnings. Once we get the bad quarter behind us, expect a move toward $1,000. The next big event is the Tesla Battery Day in June 2020. Tesla (TSLA) is a strong buy below $700.
Grayscale Bitcoin Trust (GBTC) - GBTC is forming a base after the Bitcoin halving event cut the new supply in half. I'm bullish on Bitcoin and GBTC for the rest of 2020. 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 $2100.
Other stocks to buy and hold for the long term - Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL), Disney (DIS), Netflix (NFLX).
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Top Stocks 2021