The Motley Fool | Aug 30, 2020 07:40
2020 hasn’t all been doom and gloom for UK shares. Broader market confidence might still be in the gutter following the stock market crash of late February and early March. But a decent number of UK shares have enjoyed electrifying price growth despite the social, economic, and geopolitical upheaval caused by Covid-19.
But that’s not to say that they need to pull up the drawbridge entirely. Investors in UK shares can protect themselves by investing in companies with rock-solid balance sheets. They can also buy firms with ‘economic moats’ (in other words, advantages over their competition) to help them continue growing profits. It’s a good idea to buy stocks that operate in defensive sectors or even companies that have seen increased business following the Covid-19 outbreak. This can include UK shares involved in e-commerce, or software providers that help people to work from home.
2 FTSE 100 shares I’d buy today Many firms that fall into one or more of these categories have seen their share prices fly in the year to date. Here are a couple that I’d buy for my own Stocks and Shares ISA today:
The post Stock market crash: These UK shares have skyrocketed in 2020! I’d buy them in an ISA today appeared first on The Motley Fool UK.
Royston Wild owns shares of Bunzl. The Motley Fool UK owns shares of Flutter Entertainment. 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.
Motley Fool UK 2020
Written By: The Motley Fool
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