6 UK stocks I’d buy now for my Stocks and Shares ISA

first_img Jonathan Smith | Monday, 15th February, 2021 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 Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” 6 UK stocks I’d buy now for my Stocks and Shares ISA 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. Enter Your Email Addresscenter_img Simply click below to discover how you can take advantage of this. 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. The deadline to buy stocks via my Stocks and Shares ISA for my 2020/21 allocation is coming up. Fortunately, I’ve still got plenty of the £20,000 allocation to take advantage of over the next couple of months. Therefore I’m on the lookout for UK stocks to buy now. Any stock I add into the ISA will allow me to benefit from relief from capital gains tax. This means I can sell my stocks for a profit, and keep all of that profit within my ISA, untaxed.Stocks within the finance sectorThe first sector I think offers me some good UK stock to buy now is finance. Shares like Barclays, NatWest and Legal & General look appealing to me. The banks have survived the large impairments needed due to the potential for bad loans last year. Several have also mentioned that dividend payments could be resumed in 2021. Legal & General (as a non-bank) has maintained the dividend payout during Covid-19. It’s got an attractive dividend yield of 6.76% at the moment.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…Companies in this sector do carry risks. If I bought these UK stocks now, I’d need to be conscious of the impact negative interest rates would have. It would likely reduce the banks’ margins on lending, reducing profitability. If we saw another market crash like last March, the funds operated by investment managers such as Legal & General could also see large outflows. This would reduce the fees generated from the assets under management.Are supermarkets super stocks?UK stocks within the retail space look attractive to me to buy now too. These include J Sainsbury, Tesco and WM Morrison. These three supermarket firms controlled 53% of the total market share within the sector as of 2020. I think they’re worthy buys right now as their performances should be good regardless of the UK economy this year. Even with a recession and Covid-19, J Sainsbury saw total retail sales growing 7.1% year-on-year through to the middle of September. The nature of the merchandise sold allows for consistent revenue during bad and good times.The risks to buying these stocks now is stiffer competition. For example, Ocado grew retail revenue by 35% last year. Online grocers like Ocado offer an alternative for consumers from having to physically go to the supermarket. Another risk of buying is the low profit margins in the industry. The average profit margin of goods is between 1% and 3%. This doesn’t leave much room for error, particularly if indirect costs rise or volumes sold fall.UK stocks: buy now or later?With the uncertainty still surrounding around the UK economy at the moment, I could hold off from buying right now. We could see another dip in the market like we saw last March. However, I can’t predict the future. I certainly can’t perfectly time the market. Given that I fundamentally believe the potential rewards outweigh the risks for the above, I’d prefer to buy these UK stocks now.  jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has recommended Barclays and Tesco. 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. 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. See all posts by Jonathan Smithlast_img read more