These cheap shares are up 20% and 30% in a month. I’d keep buying today!

first_img 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. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has recommended HSBC Holdings and Lloyds Banking Group. 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. Cliff D’Arcy | Monday, 16th November, 2020 | More on: HSBA LLOY Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! These cheap shares are up 20% and 30% in a month. I’d keep buying today!center_img 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. Enter Your Email Address See all posts by Cliff D’Arcy I expect UK shareholders are enjoying November so far — and with a sense of relief that share prices are finally rising again. After all, the FTSE 100 index slumped to a six-month low late last month, closing at 5,577 points on 30 October. Since then, a definitive outcome to the US presidential election — plus news of two efficacious Covid-19 vaccines — has sent shares soaring. As I write, the Footsie stands at 6,425 points, up almost 850 points (15.2%) since Halloween. Even so, the index has dropped roughly 1,120 points (14.8%) in 2020. That’s why I still see value hiding in the FTSE 100, including these two cheap shares.Cheap shares #1: HSBC is bouncing backHSBC (LSE: HSBA) shareholders have had a horrible year. First, the global mega-bank’s profits collapsed as it set aside billions of dollars to cover loan losses. Second, the UK banking regulator forced the Asia-focused bank to cancel its dividend, upsetting millions of shareholders. Third, the Big Four bank has been battered in the ongoing trade war between the US and China. Therefore, HSBC stock was hurled deep into the FTSE 100’s bargain bin.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…On Halloween, I said I liked HSBC’s cheap shares, arguing that they were a snip at under 325p. As I write, they change hands at 389p, up a handsome 64p (19.7%) in 11 trading days. Happily, two recent events have moved in HSBC’s favour. Joe Biden won the US election and is expected to tone down the war of words that Donald Trump waged with China. And that news of two effective vaccines against Covid-19 point to a post-coronavirus future with banking profits.Today, HSBC remains on my ‘deep value’ watchlist. After all, the Goliath among Britain’s banks actually made a pre-tax profit of $3.2bn in the third quarter. Furthermore, it has a fortress balance sheet with more than enough excess capital to absorb 2020/21 losses. And why wait until the return of the hefty dividend in 2021? I’d buy these cheap shares today, ideally inside an ISA, to enjoy future capital gains and the resumption of tax-free dividends.#2: Banking on Lloyds for recoveryAh, Lloyds Banking Group (LSE: LLOY), the perennial value share doomed to disappoint. I’ve written about Lloyds so often recently, what can I possibly say that I haven’t already said? On 30 October, I questioned why these cheap shares just kept on falling in value. At that time, the Lloyds share price was a lowly 27.95p, only about 4.4p above the 23.59p low it crashed to on 22 September. Like HSBC, Lloyds shares were in the doldrums due to concerns about the Covid-19 pandemic and loan losses. But they were all set to bounce hard.As I write, the Lloyds share price is 35.64p, up a whopping 27.5% since my end-of-October article. In addition, Lloyds shares have leapt 30.7% over the past month, making this one of the best periods for long-suffering shareholders in many a year. However, as with HSBC, I see a brighter future for this Big Four bank. When the coronavirus pandemic recedes, Lloyds’ loan losses and bad debts will decline, pushing the bank back into profit. Actually, Lloyds already made a £1bn pre-tax profit in the third quarter. When Lloyds’ cash dividends return in 2021, it’ll be far too late to buy these cheap shares. Hence, I’d buy Lloyds stock today, banking on a strong recovery in 2021! “This Stock Could Be Like Buying Amazon in 1997” 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.last_img read more