Here are the best stocks I’d buy in June

first_imgHere are the best stocks I’d buy in June Our 6 ‘Best Buys Now’ Shares I can’t quite believe that we’re basically halfway through the year, now that we’re in June. Yet that’s indeed the reality, and so I need to look at what are the best stocks I’d buy this month. The key element is looking at what’s impacting the key stocks now, and buying with the right outlook.The current situationTo start with, what’s going on right now? Well lockdown restrictions eased further in late May, allowing more businesses to operate unhindered. Retail sales data for April showed a large monthly increase of 9.2%, highlighting consumer spending.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…The only negative that rocked the market was that all of this good news could lead to higher inflation. Higher inflation could mean the Bank of England might need to raise interest rates sooner rather than later. This would hurt companies with large amounts of debt.In my opinion, the outlook for the rest of the year is positive for stocks. When looking for the best stocks to buy now to take advantage for the rest of the year, I think I need to look at the consumer discretionary sector. With spending increasing as people feel more confident about the outlook for the economy, this is an area that could really benefit.My best stocks to buy nowThere are plenty of stocks that fall into the consumer discretionary bracket. For example, I’d look at buying shares in Burberry. The luxury fashion house struggled during 2020 due to physical store closures. Even with rising online sales, I still think the company will rely heavily on in-store purchases going forward. With stores in the UK and beyond now operating at close to full capacity, I think it’s a good time to buy right now.I’ll need to wait until quarterly results come out in the autumn to prove this, but by then the share price might have already priced in the good news. Therefore, I think I’d be better off putting it on my list as one of the best stocks to buy now.Another example from this sector is Auto Trader Group. I’d say that cars are a discretionary item, but even if you think otherwise, I think Auto Trader is still a buy right now. Car dealerships reopened recently and I think that higher consumer spending naturally will flow into buying new and used cars. Over the past year, demand for driving has been almost non-existent due to the lockdowns. Yet with traffic returning, I think a lot of people will now think about whether to upgrade their motor. Auto Trader is best placed to capture this business, being the largest digital automotive marketplace in the UK. The company commented last month that used car prices have risen 6.8% year-on-year, highlighting that demand is there.The risk to saying that both stocks are the best to buy now is that my top-down thinking could be wrong. Further easing of restrictions on 21 June could be delayed. Variants of Covid-19 could not be covered by the vaccine, forcing us to rethink summer plans. In this case, I’d expect consumers to tighten their pockets, particularly regarding luxury fashion and cars. Image source: Getty Images Get the full details on this £5 stock now – while your report is free. 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. 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. 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Enter Your Email Address FREE REPORT: Why this £5 stock could be set to surge Jonathan Smith | Wednesday, 2nd June, 2021 jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has recommended Auto Trader and Burberry. 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.last_img