Cheap shares: I’d buy these FTSE 100 stocks to get rich now

Buy these cheap shares while they are still trading at discounted prices! Here are two stocks that are poised to win big when the stock market recovers.

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The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

According to the Bank of England’s chief economist, Andy Haldane, the UK economy is still on track for a V-shaped recovery as the country has started to reopen and consumers are starting to spend again. Meanwhile, the FTSE 100 is still mostly flat as of late. That means there are still opportunities to buy some great cheap shares now!

One of the FTSE 100’s best yields

British American Tobacco (LSE: BATS) is currently trading at a 30% discount from an all-time high, which makes it an extremely cheap share in my opinion. The company was crowned as one of the top 10 European dividend aristocrats, with a 7.5% yield. Consumer staples is one of the safest categories in which investors could invest during this uncertain time. Smoking is a habit that is hard to shake even in a pandemic, and so I believe that the need for tobacco will continue for smokers. The tobacco business typically benefits from its high margin of roughly 80%, which will protect its dividend over the long term. This is a deep value stock in my opinion. The interest rate will remain extremely low for the foreseeable future, and so this is a great opportunity for investors to unlock this incredible safe yield.

Best UK shares to buy now?

Moneysupermarket.com (LSE: MONY) is a market-leading price comparison website. It enables consumers to compare prices on a range of products, including energy, car insurance, home insurance, travel insurance, mortgages, credit cards and loans. I believe saving would be a top priority after the pandemic for many individuals. This business is somewhat countercyclical, where a weak economy might lead to more consumers looking to cut costs. And I think its market remains attractive over the long term. The stock is currently trading at a good discount, which presents a great opportunity to buy this cheap share now.

Housing demand surge

Rightmove (LSE: RMV) is the UK’s number one destination for home buyers and sellers, commands a 77% market share with more than 1 million properties advertised on its portal. Recently, the chancellor has announced a temporary holiday on stamp duty on the first £500,000 of all property sales in England and Northern Ireland. I believe there will be a surge in demand of buyers who would like to take advantage of this once-in-a-life-time opportunity. Its shares were quite expensive before the pandemic with high multiples. The stock is currently trading at roughly a 25% discount from its all-time high. I would pick up some cheap shares of this company before it rebounds. The company is the top dog in the sector, and its current share price offers a good entry point for long-term investment today.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be considered so you should consider taking independent financial advice.

Ellen Leung has no position in any of the shares mentioned. The Motley Fool UK has recommended Moneysupermarket.com and Rightmove. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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