I’d buy these 2 cheap UK shares today to make a million

I’d buy these 2 cheap UK shares today to make a million

July 5, 2021 bsjsgcnszljw 0

first_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. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares I’d buy these 2 cheap UK shares today to make a million Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images Enter Your Email Addresscenter_img Rupert Hargreaves | Sunday, 12th July, 2020 | More on: AZN LGEN 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. Rupert Hargreaves has no position in any of the 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. See all posts by Rupert Hargreaves 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. Despite the stock market’s positive performance over the past few weeks, there are still plenty of cheap UK shares on offer for investors in the market.Companies like the two profiled below could help investors grow their wealth and put them well on the way to making a million.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…Cheap UK shares to buyLegal & General Group (LSE: LGEN) is one of the top income investments in the FTSE 100. Shares in the financial services giant have risen steadily in value over the past few weeks. Despite this performance, the stock continues to look cheap.As one of the world’s largest asset managers, Legal has been impacted by the coronavirus crisis. Nevertheless, of all the cheap UK shares, the stock may have been affected by the pandemic to a lesser degree. The corporation registered an impressive jump in new business during the first quarter of the year.Management also came out to announce the company would be standing by its dividend commitments. This was highly impressive, considering the backdrop the organisation faced and suggests Legal’s business is stable. In its final dividend, the firm paid out around £750m to shareholders.As one of the country’s largest pension managers, L&G should continue to see high demand for its services. That should support further dividend and earnings growth in the years ahead, which makes the company stand out as one of the top cheap UK shares.As such, now could be the perfect time to snap up a share of this dividend champion while it trades around 25% below the level it started the year.AstraZenecaAstraZeneca (LSE: AZN) is another cheap stock I’d consider buying today. As one of the world’s largest pharmaceutical corporations, Astra operates a relatively defensive business model. It’s also in line to be one of the first pharmaceutical companies to produce a coronavirus vaccine. If successful, this could have a large impact on the organisation’s bottom line.Cheap UK shares like AstraZeneca’s don’t come around that often. The company is currently trading at a forward price-to-earnings (P/E) multiple of 21. That’s compared to a P/E of more than 30 for some of the business’s US-listed peers.These numbers suggest the stock may offer a margin of safety and the potential to produce substantial capital returns from current levels. On top of this capital gains potential, the stock also supports a dividend yield of 2.6%.Unlike most cheap UK shares, Astra hasn’t cut its dividend recently. And it doesn’t look as if it’ll have to either. The payout is covered 1.5 times by earnings per share, which gives the group lots of headroom to maintain, or increase, the payout.Therefore, if you’re looking for cheap UK shares that may be able to produce high total returns for your portfolio, it might be a good idea to consider buying Astra today.last_img

 

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