2 UK shares I’d buy now for my 2020 Stocks and Shares ISA

first_img “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. 2 UK shares I’d buy now for my 2020 Stocks and Shares ISA jonathansmith1 owns shares in Lloyds Banking Group. The Motley Fool UK has recommended Lloyds Banking Group 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. Image source: Getty Images Renowned stock-picker Mark Rogers and his 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. See all posts by Jonathan Smith 2020 is well over half way through, with plenty happening to move the stock market so far this year. There are several risk events for the months to come, some of which I’ve written about here. But as well as risks, the movements in the market present some great opportunities for long-term investors to buy UK shares right now. Doing so could enable larger returns than normal, due to the depressed levels of some share prices after the stock market crash. With that in mind, below are two of my favorite UK shares I’d buy now.Making use of a Stocks and Shares ISAI house any UK shares I buy within my ISA. This is to allow me to benefit from not having to pay capital gains tax. When I sell any stock in my ISA, I get to keep 100% of the sale value. This means no capital gains tax on my profits, ultimately rewarding me for when I make a good call. For this year, the allocation is £20,000, so there’s plenty of scope there to buy and hold good UK shares that you like.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…UK shares I’d buy nowThe first stock I’m keen on is Rightmove. The online property portal is well known to the public, and generates revenue from the estate agents themselves. However, this revenue dried up during the first half of the year due to the coronavirus. In a recent trading statement for H1, Rightmove said that revenue fell 34% and operating profit 43%. Yet with recent announcements regarding a stamp duty holiday, and lockdown easing allowing viewings again, I think the tide could turn quickly. That’s why I’d be buying shares right now, in anticipation of much stronger results in the second half of the year.The second UK share I’d buy now is Lloyds Banking Group (LSE: LLOY). There’s a lot of commentary put out regarding the bank, which isn’t surprising considering it’s one of the most traded stocks on the FTSE 100. The first half of the year was tough for Lloyds. Large bad loan provisions had to be made and set aside due to the virus. Consumer spending significantly dried up, and as a UK bank with a primary focus on the retail market, this was bad news. The share price is at levels not seen since 2012, having fallen below 30p a few weeks back. In a similar way to Rightmove, I think the tide could turn very quickly for Lloyds. Consumer spending is already showing signs of picking up. June retail sales data showed an all-time record increase from the previous month, which was another record in itself. If consumers continue to spend more, then this should have a positive knock-on impact for Lloyds.Why buy now?Even if you weren’t planning a large investment, I’d still suggest investing now. The stock market moves and digests information very quickly. The two stocks mentioned above could see a move higher in the short term as other investors come to the same conclusions I have. Ultimately, this could eat into your potential profits as you’d have to buy the stock at a higher price that you can at the moment.center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares 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. Enter Your Email Address Jonathan Smith | Monday, 10th August, 2020 | More on: LLOY RMV last_img

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