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

July 20, 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.

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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.

Fisker (SPAQ) - I added shares of Fisker (SPAQ) in the $13's on Friday.  I plan to hold these shares into the IPO later this year.

Tesla (TSLA) - Tesla (TSLA) continues to trade around $1500 ahead of earnings on Tuesday.  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 Close 7/17/20 Stock Market Closing Prices

Stock Market Closing Prices - July 17, 2020 - http://stockstobuy.org

Dow Jones Industrial Average ( DJIA ) Close - 26,713.11 Down 22.97
Nasdaq Stock Market Close - 10,522 Up 48
S&P 500 Close - 3,232 Up 16.27
Bitcoin Price - 9,160
Tesla (TSLA) Stock Closing Price - $1507
http://dowjonesclose.com

Twitter - @StocksToBuy

Commodities Closing Prices - 7/17/20
Gold Close - 1812
Silver Close - 19.76

Oil Close - 40.58
Natural Gas Close - 1.72

The Dow Jones Industrial Average closed at 26,713 on 7/17/20, as the stock market ended mixed.  The market shook off weak earnings from Netflix (NFLX) and all eye will be on Tesla (TSLA) earnings next week.  Virgin Galactic (SPCE), a stock I own in the low $15's, almost hit $25 today after the company hired a new CEO from Disney earlier in the week.  I purchase Fisker (SPAQ) today at $13.85 and plan to hod through the IPO this fall.  As for my investments,  I currently own Tesla (TSLA), Beyond Meat (BYND), Grayscale Bitcoin Trust (GBTC), Virgin Galactic (SPCE), Hyliion (SHLL > HYLN), and Fisker (SPAQ).  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.

IPO Calendar Week of July 20, 2020

Keep up to date with the most recent and new IPO's coming soon.  Below is list of new IPO's coming public next week:

Jamf Holding (JAMF) - NASDAQ
Skillful Craftsman Education (EDTK) - NASDAQ 
Montrose Environmental Group (MEG) - NYSE
Harbor Custom Development (HCDI) - NYSE

Jamf Holding (JAMF) will be the hot stock IPO to watch as the company makes software for Apple (AAPL).

For a full list of upcoming IPO's, visit - https://stockstobuy.org/ipos