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I sold my Cineworld shares this week! Here are 2 UK shares I might buy with the proceeds

first_img 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. I sold my Cineworld shares this week! Here are 2 UK shares I might buy with the proceeds 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. Royston Wild | Friday, 9th October, 2020 Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” 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.center_img Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Iomart Group and Keywords Studios. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Enter Your Email Address See all posts by Royston Wild Earlier this week I finally bit the bullet and sold my shares in embattled cinema chain Cineworld Group. This UK share had fallen around nine-tenths in value from the levels I bought in at a couple of years ago. I hung on in the hope that it could recover some of this ground. However, some chilling new over the weekend fanned my fears that the Cineworld share price could eventually be reduced to zero. So I got out.It’s a sobering experience for investors to throw in the towel and book a big loss like this. Take it from me! Still, there’s no point crying over spilt milk, or sitting on your hands and hoping things get better. When you believe that the value of your investments are only going to carry on going south, you need to take it on the chin and salvage what you can, while you can.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…2 top UK shares on my radarIn fact, UK share investors can take negatives like this and turn them into positives. I myself plan to use the little capital I pulled out of the Cineworld wreckage and use it to buy some exciting shares I’ve had my eye on. What’s more, by using it to buy shares after the recent stock market crash, I’m hoping to turbocharge my eventual returns by buying low and then watching the value of those UK shares rebound spectacularly in value as economic conditions improve.Here are two top-quality and mega-cheap UK shares I’m considering buying for my Stocks and Shares ISA today:Buying IT specialists in the realm of cloud computing looks to be an extremely good idea today. The tough global economy means that many tech specialists might suffer in the short to medium term. However, the rocketing growth of home-working means that UK shares like Iomart could prove highly lucrative. One survey from the Institute of Directors this week suggested that three-quarters of employers will maintain increased levels of home-working even after Covid-19 peters out.I’d also buy shares in Keywords Studios for the post-coronavirus landscape. Video games usage has boomed in 2020 as citizens have either chosen or been forced to stay indoors. The boffins at Statista reckon the number of gamers will continue to climb, too (by 14% between now and 2023). I’d buy Keywords, a provider of a wide range of services to games developers, to get rich off the back of this trend.Helping you to get rich!These UK shares are just a couple of the top stocks I’m thinking of buying after selling out of Cineworld. There’s a world of opportunity for eagle-eyed investors to grab a bargain or two after the stock market crash. And The Motley Fool’s vast library of special reports can help you to find even more. So do some research and get investing today.last_img read more

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