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Monday, July 27, 2020

Stocks to Buy 7/28/20 July 28, 2020

July 28, 2020 - The stock market is dropping as we see heavy selling in technology.  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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Grayscale Bitcoin Trust (GBTC) - GBTC rallied back into the $12's Monday after Bitcoin soared into the end of the day.  I'm bullish on Bitcoin and GBTC for the rest of 2020.  GBTC remains a strong buy on all major pullbacks.

Tesla (TSLA) - Tesla (TSLA) spiked higher by 9% on Monday.  Tesla (TSLA) is a strong buy on all pullbacks below $1400.  More on TSLA....

Virgin Galactic (SPCE) - Virgin Galactic (SPCE) rallied from $15-$27 in the past month but is now seeing a correction.  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 $18 for the long term.

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 two weeks.   More on BYND.....

Hyliion (SHLL) - Hyliion (SHLL) will IPO and begin trading under the ticker symbol HYLN in about two months.  I like the technology this company has and I plan to actively trade the HYLN IPO.

Nikola (NKLA) - I've been super bearish on Nikola (NKLA) above $40 but now shares have crashed into the $20's and $30's.  I began buying over the last two sessions and will buy again near $25.  We saw a really nice bounce back to $35 on Monday.

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:  Vital Farms (VITL) - https://daytradingstockblog.blogspot.com/2020/07/vital-farms-vitl-stock-ipo-date-opens.html

Check out my Top Stocks 2021

Dow Jones Futures 7/28/20 July 28, 2020

Stock Market Futures for 7/28/20 July 28, 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 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.


Stock Market Futures - July 28, 2020

Dow Jones Futures - Down 107
S&P 500 Futures  - Down 12
NASDAQ Futures - Down 36
Bitcoin Price - 10,700
Gold Futures - 1925
Silver Futures - 23.82
Oil Futures - 41.37
Asian Markets ( Nikkei ) - 22,657
Dow Jones Futures - Tomorrow

Dow Jones Close 7/27/20 Stock Market Closing Prices

Stock Market Closing Prices - July 27, 2020 - http://stockstobuy.org

Dow Jones Industrial Average ( DJIA ) Close - 26,584.77 Up 114.88
Nasdaq Stock Market Close - 10,536.27 Up 173.09
S&P 500 Close - 3,239.41 Up 23.78
Bitcoin Price - 10,800
Tesla (TSLA) Stock Closing Price - $1540
http://dowjonesclose.com
Twitter - @StocksToBuy

Commodities Closing Prices - 7/27/20
Gold Close - 1931
Silver Close - 24.45
Oil Close - 41.65
Natural Gas Close - 1.74

The Dow Jones Industrial Average closed at 26,585 on 7/27/20, as the stock market rebounded  The big story today was the surge in the price of Bitcoin.  Bitcoin nearly hit $11,000 and the long term downtrend line was broken.  Shares of GBTC rallied 18% to close at a multi-month high.  Tesla (TSLA) rebounded and ended up 8%.   As for my investments,  I continue to hold Tesla (TSLA), Beyond Meat (BYND), Grayscale Bitcoin Trust (GBTC), Virgin Galactic (SPCE), Hyliion (SHLL > HYLN), Nikola (NKLA), 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-date.html

Articles from Today:

A Look At Nikola (NKLA) Stock Price Targets For 2021


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

Nikola (NKLA) Price Target 2021

Nikola (NKLA) stock continued its decline on Friday--down another 11.84% to $29.92--and is now trading at a record low since converting from ticker symbol VTIQ to NKLA.  While Nikola (NKLA) stock is crashing right now, four Wall St. analysts have an average 12 month price target of $56 per share.  Let's take a look!

Cowen - Cowen & Co has a Buy Rating on Nikola (NKLA) stock with a $79 price target.  The analyst views Nikola as more than just a truck company and likes the fact that Nikola is outsourcing some components to established manufacturers.  This should reduce risk.

Deutsche Bank - Deutsche Bank has a Hold Rating on Nikola (NKLA) stock with a $54 price target.  The analyst indicated the potential for large technical selling (which we are currently seeing) due to investors exercising warrants and the registration of stock.  Once the price stabilizes, this could potentially create an attractive entry point for investors.

RBC Capital - RBC Capital has a Hold Rating on Nikola (NKLA) stock with a $46 price target.  While the analyst cited Nikola's execution risk, they do admit the company is in a unique position with a large addressable market.
JPMorgan - JPMorgan has an overweight rating with a $45 Price Target.  This overweight rating was a upgrade from neutral.  The analyst sees a lot of reasons to be bullish over the next 12 months including the possibility for timelines to be moved up.  

Stocks to Buy - My Nikola (NKLA) 2021 price target is $42.  With the stock currently trading at $30, this represents a gain of 40% on your investment.  NKLA stock was just trading at $42 a week ago and while we might see downside to as low as $25, NKLA is due for a large oversold bounce.

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