Looking for stocks to buy? Below is a list of my top stocks to buy right now and into 2021. These stock picks are stocks I'm buying personally and stocks to invest in long term.
Tesla (TSLA) - Tesla (TSLA) has been one of my top stocks to buy for the last 5 years. I began buying Tesla (TSLA) roughly seven years ago around $60 per share and have been trading the stock ever since. My stocks to buy rule is simple: Buy stocks with great products so that if you get caught purchasing too high, you don't lose sleep because you know they will eventually come back. Buying Tesla (TSLA) stock is like buying Apple (AAPL) or Amazon (AMZN) 10 years ago. Both companies had great products, were poised for massive growth, and their stocks had momentum and provided investors with huge gains.
The Founder and CEO has skin in the game!
Tesla (TSLA) has Elon Musk who in my opinion is much better than the late Steve Jobs. Steve Jobs never owned that much stock but Elon Musk owns a ton and virtually never sells. Tesla (TSLA) has awesome brand appeal, great products, and electric vehicles are the future just like smartphones were the future many years ago.
Tesla (TSLA) has strong sales growth and explosive earnings potential!
Tesla just turned a profit for the 4th straight quarter and is soon likely to be included in the S&P 500. When you look across Tesla's product lineup and potential for future products, the white space is very large. When Tesla reports Q4 2021 earnings in early 2022, I'm looking for a monster quarter with almost all of their products in production. At this point, I'm expecting Tesla (TSLA) stock to be trading between $2,500-$3,000 which I why Tesla is my top stock to buy now.
Beyond Meat (BYND) - Beyond Meat is another stock to buy as consumers move away from traditional meat to more plant-based meats. Beyond Meat uses all-natural ingredients vs competitors that use GMO and other chemicals. While sales in the U.S are surging, the real opportunity is internationally. Starbucks (SBUX) recently announced that they will be offering Beyond products in China and the company is trying to expand into other regions rapidly.
Profitability is Here to Stay!
Beyond Meat (BYND) has been investing heavily in their business but a string of profitable quarters ahead will take this stock back to $200. Analysts have been dead wrong on BYND stock in 2020 and they will continue to be wrong into 2021. I have the company earning at least $0.76 per share in 2021 which is way above the average estimate of $0.59. I continue to buy BYND and view the stock as a potential 10-bagger in 10 years.
Buy Bitcoin! The Grayscale Bitcoin Trust (GBTC) is the only publicly traded Bitcoin stock right now. I started buying GBTC stock three years ago and its the top stock to buy in the cryptocurrency sector.
The bigger the base, the higher into space!
Bitcoin has been going through a three year bottoming phase and finally appears ready for a break out. When Bitcoin rallies, GBTC tends to trade at a large premium vs the actual Bitcoin held in the fund. When Bitcoin soars back to 20,000, I'm expecting GBTC to be trading near $25 or above. GBTC is my #3 top ranked stock to buy and I like shares below $10 for the long term.
Grayscale Bitcoin Trust enables investors to gain exposure to the price movement of BTC through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping BTC.
Virgin Galactic (SPCE)
Speculative Risky Stocks
Hyliion (HYLN) - Currently SHLL