The Motley Fool
Published Aug 22, 2020 07:48
Updated Aug 22, 2020 08:10
Forget the Lloyds share price! I think these are the best UK shares to buy in an ISA today
Investors buying shares in Lloyds Banking Group (LSE: LON:LLOY) remain extremely thin on the ground. Those seeking UK shares to buy after the stock market crash tend to put their money elsewhere. I’m quite encouraged by this as I believe the FTSE 100 bank could end up costing investors a fortune.
The Lloyds share price is down 54% since the turn of 2020 as Covid-19 has hammered the British economy. And I’m tipping it to collapse through the eight-year lows around 25p hit in recent weeks too as signs of a second wave of infections grow.
Even if the news flow surrounding infection rates improves, Lloyds finds itself in significant peril. Low interest rates have crushed profitability at the FTSE 100 bank over the past decade. The Bank of England will need to maintain doveish policy well into the next decade following Covid-19, too. Meanwhile this UK share faces a murky revenues outlook as the domestic economy splutters. A new Reuters poll suggests that Britain won’t recover from the current downturn for at least two years.
Better buys than the Lloyds share price Why take a chance with the Lloyds share price, then? And especially when there are so many other top UK shares going cheap following the stock market crash? Here are a couple of top British stocks I’d rather buy for my own ISA today:
The post Forget the Lloyds share price! I think these are the best UK shares to buy in an ISA today appeared first on The Motley Fool UK.
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Motley Fool UK 2020
First published on The Motley Fool
Written By: The Motley Fool
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