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Best shares to buy now: 2 stocks for a booming UK economy

first_img “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Edward Sheldon, CFA | Tuesday, 11th May, 2021 | More on: K3C KEYS 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. Image source: Getty Images Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Edward Sheldon owns shares in Keystone Law. 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. 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. Best shares to buy now: 2 stocks for a booming UK economy After a huge contraction in 2020, the UK economy is set for powerful growth this year. Last week, the Bank of England said that it expects the British economy to expand by 7.25% this year – its fastest growth in more than 70 years.For investors, this economic growth could create a lot of lucrative opportunities. With that in mind, here’s a look at two UK shares I’d buy to benefit from a booming UK economy.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…A disruptive companyOne stock that could perform well as the UK economy recovers from Covid-19 is Keystone Law (LSE: KEYS). It’s an innovative platform-based law firm that’s disrupting the legal industry. Last year, it won ‘Law Firm of the Year’ at The Lawyer awards.Demand for legal services is likely to rise as the UK economy picks up speed in the months ahead. In some areas of law, such as construction, employment and real estate, demand could rise significantly. This should benefit Keystone, pushing its revenues and profits higher.In Keystone’s recent 2020 results, the company said that 2021 had “started well” with “good levels of activity.” It also announced a big increase in its dividend. This suggests to me the company is confident about the future. For the current financial year (ending 31 January 2022), City analysts expect revenue growth of around 14%.It’s worth pointing out that Keystone is a small company. Currently, its market-cap is just £210m. Stocks of this size can be volatile. Another risk to consider is the valuation. Keystone’s forward-looking price-to-earnings (P/E) ratio of 40 doesn’t leave a huge margin of safety.Overall however, I think the growth story here is attractive. I expect this company to do well as UK economic activity picks up.This stock is flying Another UK stock I think could do well as the UK economy rebounds is K3 Capital (LSE: K3). It’s an under-the-radar business that provides advisory services to small- and medium-sized enterprises (SMEs). I expect demand for its services (which include company sales, off-market acquisitions, restructuring, tax planning etc) to be strong in the year ahead.K3 appears to have a lot of momentum at present. In early March, the group said that following a strong start to the second half of its financial year, the group was trading ahead of expectations. In April, the group also advised this trend had continued, and said it expects results for the year ending 31 May to be “significantly ahead” of revised consensus market expectations. It now expects revenue for the year to be around £45m – much higher than the figure of £15m posted last year.A key risk here is that the stock can be volatile at times. Early last year, for example, its share price halved. Sales can also be lumpy which isn’t ideal from an investment point of view.Overall however, I think this stock has a lot of potential in the current environment. At the current valuation (forward-looking P/E ratio of 23) I think it’s priced to buy. 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 Edward Sheldon, CFAlast_img

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