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Want to make a million? 2 UK shares I’d buy right now

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Today, I’m going to take a look at two UK shares I believe have the potential to help investors make a million in the market. 

UK shares to buy now

JD Sports Fashion (LSE: JD) is one of the best-performing UK-listed retail stocks. Over the past decade, the company has gone from strength to strength as it’s capitalised on its position in the UK casual footwear market. 

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Management has also leveraged the company’s online social media exposure to help drive sales. This is just one of the reasons why the group’s profit has increased threefold over the past five years. During this period, many other retailers have collapsed. 

So JD seems to have cracked the retail code. That’s why I think the stock could be one of the best-performing UK shares in the years ahead. While the coronavirus crisis hasn’t been kind to the group, it’s still set to report a profit of nearly £200m in 2020. 

Management may also be able to use the turmoil in the retail sector to extract better terms from its landlords. This could lead to wider profit margins. And with fewer competitors in the market, JD may also be able to take market share. 

As such, I’m optimistic about the outlook for the group, which has already achieved explosive earnings growth in the past decade. 

Tech winner

The coronavirus crisis has accelerated the adoption of technology around the world. Unfortunately, it’s also lead to a spike in scams and online threats.

Avast (LSE: AVST) is one of Europe’s premier cybersecurity companies. The demand for its services has jumped this year. Analysts are expecting the group to report a 46% increase in earnings for 2020. That’s a considerable increase and puts Avast in an elite league of UK shares. 

What’s more, this growth seems as if it’s here to stay because most of the company’s products are sold on a subscription basis. This produces a recurring revenue stream for Avast and its investors. 

Despite this growth, the stock looks cheap. It’s trading at a forward price-to-earnings (P/E) multiple of 20. That’s compared to the UK IT Services sector average of 26. Based on these figures, the stock could be undervalued by as much as 30%. 

Therefore, I think this organisation could be one of the best UK shares to buy right now. Not only is it one of the few pure tech stocks listed on the London market, but it also looks as if shares in Avast are undervalued compared to the rest of the technology sector. Only adding to the company’s appeal is a 2.1% dividend yield, which is covered twice by earnings per share. 

Overall, it looks to me as if this business has the potential to produce large total returns for investors in the years ahead. As technology continues to play an increasingly important part of our day-to-day lives, Avast should continue to prosper.

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Rupert Hargreaves does not own any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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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