Stocks to Buy 7/17/20 July 17, 2020

July 17, 2020 - The stock market has been trending up again as we get ready for earnings season.  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.

Follow Me on Twitter - @StocksToBuy

Virgin Galactic (SPCE) - Virgin Galactic (SPCE) continues to explode after the company hired a new CEO from Disney.  I love this stock long term and I'm expecting more big news later this fall as the company gets ready to send passengers to Space.  SPCE is a strong buy below $17 for the long term.

Tesla (TSLA) - Tesla (TSLA) dropped into the mid $1400's on Thursday but then rallied again.  I sold 1/3 of my position this week at $1635 and took most of my principal investment out of the stock.  I plan to buy back in the $1100's or purchase other stocks.  More on TSLA....

Hyliion (SHLL) - Hyliion (SHLL) will IPO and begin trading under the ticker symbol HYLN in about two months.  I purchased this stock around $18 recently as I view shares very cheap compared to Nikola (NKLA) which has no sales.  I sold a little bit in the $30's and started buying those back to hold into the HYLN IPO.

Beyond Meat (BYND) - Beyond Meat (BYND) has been dropping lately as traders move to other stocks and analysts doubt this company again.  My 2020 was met a month ago and now I'm buying back near $125.  All eyes will be on earnings in three weeks.   More on BYND.....

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.

Other stocks to buy and hold for the long term - Shake Shack (SHAK), Amazon (AMZN), Chipotle (CMG), Starbucks (SBUX), Apple (AAPL), Square (SQ), Netflix (NFLX).

Next Hot IPO:  Li Auto (LI) - https://daytradingstockblog.blogspot.com/2020/07/li-auto-li-stock-ipo-chinese-ev.html

Check out my Top Stocks 2021

Dow Jones Futures 7/17/20 July 17, 2020

Stock Market Futures for 7/17/20 July 17, 2020 - Twitter @StocksToBuy

The Dow Jones and Stock Market are volatile after Covid-19 caused the market to crash.  Will the stock market go up or down on Friday?  Keep tabs on the stock market futures which will predict the open on Friday.  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 - July 17, 2020

Dow Jones Futures - Down 29
S&P 500 Futures  - Down 5
NASDAQ Futures - Down 10
Bitcoin Price - 9,115
Gold Futures - 1803
Silver Futures - 19.51
Oil Futures - 40.38

Asian Markets ( Nikkei ) - 22,696

Dow Jones Futures - Tomorrow

Stock Ideas 2021 - Top 10 Penny Stocks to Buy

Follow @stockstobuy

Dow Jones Close 7/16/20 Stock Market Closing Prices

Stock Market Closing Prices - July 16, 2020 - http://stockstobuy.org

Dow Jones Industrial Average ( DJIA ) Close - 26,734.71 Down 135.39
Nasdaq Stock Market Close - 10,473.83 Down 76.66
S&P 500 Close - 3,215.57 Down 10.99
Bitcoin Price - 9,125
Tesla (TSLA) Stock Closing Price - $1517
http://dowjonesclose.com

Twitter - @StocksToBuy

Commodities Closing Prices - 7/16/20
Gold Close - 1796
Silver Close - 19.57

Oil Close - 40.67
Natural Gas Close - 1.73

The Dow Jones Industrial Average closed at 26,735 on 7/16/20, as the stock market finally pulled back.  We continue to see selling in large cap tech stocks such as Apple (AAPL) and Amazon (AMZN) so watch these two closely.  Virgin Galactic (SPCE), a stock I own in the low $15's, hit $22 today after the company hired a new CEO from Disney.  As for my investments,  I currently own Tesla (TSLA), Beyond Meat (BYND), Grayscale Bitcoin Trust (GBTC), Virgin Galactic (SPCE), and Hyliion (SHLL > HYLN).  Check out my Top Stock Picks 2021.   Keep an eye on the Li Auto (LI) IPO due out in a few weeks - https://daytradingstockblog.blogspot.com/2020/07/li-auto-li-stock-ipo-chinese-ev.html

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

Is Moderna (MRNA) Stock a Scam?

Is Moderna (MRNA) stock a scam?  Serious question!  While they have been releasing positive Covid-19 vaccine data over the past few months, company insiders have been dumping stock as fast as they can.  Here is a look at the insider sales below:

July 2020 - Over 40 insider sales amounting to over 200,000 shares sold
June 2020 - Over 40 insider sales amounting to over 200,000 shares sold
Largest Insider Block Sale - Lori Henderson sold 64,000 shares at $63.03 for 4.03 million on June 18, 2020.

This is only two months!  Moderna (MRNA) insiders have been selling large amounts of stock all year.  At the very least, it is a major red flag and the SEC should investigate!

We will keep an eye on this situation and report an update in 2021.

Follow me @stockstobuy on Twitter

Stocks to Buy 2021

Genetic Technologies (GENE) Stock Down in Pre Market

Genetic Technologies (GENE) stock is down 8% to $5.20 in pre market trading today after shares surged 151% to $5.67 on Wednesday.  The company announced it had filed a provisional patent for its COVID-19 Severity Risk Test with the Patent Office in Australia.

Right after the news announced yesterday, GENE stock jumped to $3.10, up 38% but later soared on heavy volume to over $10 per share.

Looking forward, GENE will have support around $4 per share so look for buyers to potentially step in there.

Follow me @stockstobuy on Twitter

Stocks to Buy 2021