Best UK shares to buy now? I’d pick these stocks

first_imgBest UK shares to buy now? I’d pick these stocks “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves owns shares in Admiral Group and Diageo. The Motley Fool UK has recommended Admiral Group, Barclays, and Diageo. 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. 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. The best UK shares to buy now are not necessarily the cheapest. Indeed, while there are plenty of cheap socks on the market, some of these businesses are struggling to survive. As such, it may be best to target high-growth businesses with strong balance sheets. Even though these businesses might be more expensive than other UK shares to buy, they have the potential to produce better returns over the long term. 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…With that in mind, here are some of the stocks that are on my watchlist. My best UK shares to buy now Many UK-listed companies have cut their dividends this year. However, some firms have been able to stick with their payouts due to their strong balance sheets and defensive operations. These companies include insurance groups Admiral and Direct Line. The latter has recently announced that it will be paying a special dividend to investors after a bumper first half.As car insurance is a legal requirement in the UK, these businesses have some highly defensive qualities. Their size is also a competitive advantage. They can offer policies at a lower cost than competitors. These advantages indicate that these two insurers could be some of the best UK shares to buy now. Another company that is on my watchlist is Diageo. The pandemic has hit this company’s sales, but looking past the near term headwinds facing the business, it’s long-term outlook is bright.It’s highly likely consumers will still be drinking Guinness and Smirnoff 10 or 20 years from now. These are two of Diageo’s flagship brands. That suggests that the firm is a great business to buy and hold in a portfolio. Financial companies like Barclays could also be some of the most attractive UK shares to buy now. These companies have fallen out of favour with investors this year.Nevertheless, Barclays remains one of the largest banks in the UK. Consumers will always need banking services, which implies that the firm can churn out large profits for decades to come.As such, now may be a great time to buy a share of this beaten-down stock for the long haul while it offers a margin of safety. The bottom line The best UK shares today are companies that have a strong competitive advantage, such as those listed above. This advantage should help these businesses navigate the coronavirus storm.They may then be able to take advantage of the UK economic recovery when it starts to gain traction. Their size and scale may also allow these businesses to capture market share. That would help these businesses grown back bigger and stronger. As such, now could be the perfect time to buy a basket of these companies while they trade at post-crash levels. Our 6 ‘Best Buys Now’ Shares 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.center_img Rupert Hargreaves | Saturday, 22nd August, 2020 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Simply click below to discover how you can take advantage of this. See all posts by Rupert Hargreaveslast_img read more