Stocks to Buy 5/19/20 May 19, 2020

May 19, 2020 - The stock market exploded on Monday after positive trial data from Moderna (MRNA).  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) has dropped from $147 to about $130 recently.  Jim Cramer gave bullish comments on the stock two weeks ago which made it rally $20.  I currently have a $150 price target for BYND in 2020.  I plan to buy more between $110-$115 if we see another drop.  More on BYND.....

Tesla (TSLA) - Tesla (TSLA) rallied back into the $800's on Monday.  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).

DVAX and ABUS are big gainers in after market trading - https://stockstobuy.org/blog/f/dynavax-dvax-arbutus-biopharma-abus-exploding-after-hours

Check out my Top Stocks 2021

Dow Jones Futures 5/19/20 May 19, 2020

Stock Market Futures for 5/19/20 May 19, 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 Tuesday?  Keep tabs on the stock market futures which will predict the open on Tuesday.  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 

Stock Market Futures - May 19, 2020

Dow Jones Futures - Down 112
S&P 500 Futures  - Down 11
NASDAQ Futures - Down 12
Bitcoin Price - 9,800
Gold Futures - 1738
Silver Futures - 17.50
Oil Futures - 32.37

Asian Markets ( Nikkei ) - 20,433

Dow Jones Futures - Tomorrow

Beyond Meat (BYND) Price Target $173

Stock Ideas 2021 - Top 10 Penny Stocks to Buy

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Dow Jones Close 5/18/20 Stock Market Closing Prices

Stock Market Closing Prices - May 18, 2020 - http://stockstobuy.org

Dow Jones Industrial Average ( DJIA ) Close - 24,597.37 Up 911.95
Nasdaq Stock Market Close - 9,234.83 Up 220.27
S&P 500 Close - 2,863.70 Up 11.20
Bitcoin Price - 9,700
Tesla (TSLA) Stock Closing Price - $814
http://dowjonesclose.com

Twitter - @StocksToBuy

Commodities Closing Prices - 5/18/20
Gold Close - 1734
Silver Close - 17.32

Oil Close - 32.74
Natural Gas Close - 1.76

The Dow Jones Industrial Average closed at 24,597 on 5/18/20, as the stock market soared Monday.  Moderna (MRNA) released positive data on a potential Covid vaccine which send the market higher.  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. 

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