The Motley Fool

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

Image source: Getty Images.

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.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…

And if you click here we’ll show you something that could be key to unlocking 5G’s full potential...

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.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US $12.3 TRILLION out of thin air…

And if you click here, we’ll show you something that could be key to unlocking 5G’s full potential...

It’s just ONE innovation from a little-known US company that has quietly spent years preparing for this exact moment…

But you need to get in before the crowd catches onto this ‘sleeping giant’.

Click here to learn more.

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.

Our 6 'Best Buys Now' Shares

The renowned analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee.

Simply enter your email address below to discover how you can take advantage of this.

I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.