June 8, 2020 - The stock market continues to rally back to new highs despite Covid-19. 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) recently saw a $30 pullback but has ripped back up near $140. I continue to like this stock on all dips below $120 ahead of earnings in August. While my $150 price target has basically been met, I'm looking for $200's in 2021.
More on BYND.....
Tesla (TSLA) - Tesla (TSLA) is back trading near $900. Once we get the bad Q2 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 $800.
More on TSLA....
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 $45. We might see shares hit $55-$60 late in 2020.
Virgin Galactic (SPCE) - SPCE has been a great stock to trade lately and I'm looking to reload around $15.50. SPCE is trapping a trading range of $15-$18 in the short term.
Other stocks to buy and hold for the long term - Amazon (AMZN), Slack (WORK), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL), Disney (DIS), Netflix (NFLX).
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Top Stocks 2021
