2 of the best FTSE 100 stocks to buy!


I seek the best FTSE100 stocks to buy right now. Here are two top blue chips on my wish list.

The FTSE 100 fashion star

I’m tempted to load up JD Sports Fashion (LSE: JD) to make big money in the casual sportswear (athleisure) market. Of course, trade could come under pressure as inflation soars in its key UK, US and European territories. Tesco President John Allan said over the weekend that food prices could rise by up to 5% by spring.

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Many consumers will therefore need to be more careful about how they spend their money, which is a risk for a business that sells discretionary items. However, as a long-term investor, I think JD remains an attractive buy.

The demand for athleisure is expected to continue to grow at an impressive rate as people embrace more versatile and healthier sports-focused lifestyles. The rise of working from home is also encouraging people to trade in their suits and pants for more comfortable clothes.

Reportlinker.com analysts believe the athleisure market will grow at a compound annual growth rate of 6.54% between 2020 and 2026. JD will also be well positioned to exploit this industry boom as it expands its global store base and e-commerce channel. .

I think the company’s failed takeover of Footasylum last year is just a minor setback in its quest for global dominance.

10.4% dividend yield!

There are many macroeconomic and geopolitical tensions that make Polymetal International (LSE: POLY) attractive to me. In my view, there are many factors that could send gold prices skyward, and with them the profits of precious metal miners like this.

Rampant inflation is perhaps the most obvious driver of the price of gold. This has the potential to derail the economic rebound. The price spike also has the potential to spook investors out of the value of paper currencies and spur demand for more “hard” currencies, such as gold.

There is also the threat of further economic turbulence if further Covid-19 restrictions are introduced. Finally, an escalation of the Ukraine crisis would likely increase demand for safe haven bullion.

As everyone knows, the prices of traded assets can go up and down. And gold could actually reverse sharply — along with Polymetal’s stock price — if central banks raise rates more drastically than expected to curb inflation.

But as things stand, gold demand is steadily improving. According to the World Gold Council, exchange-traded funds (ETFs) backed by bullion saw inflows of 46 tonnes in January. This is the highest figure for eight months.

Polymetal produces metal from sites in Russia and Kazakhstan. It is therefore understandable that its share price has fallen as concerns about the war in Ukraine have increased. Still, I think the magnitude of the sell-off to investors has been harsh. And at its current price, I think Polymetal’s stock price might be too cheap to miss.

The gold miner is trading on a P/E ratio of just 6.3 times for 2022. It also boasts a dividend yield of 10.4%, making it one of the biggest producers in the FTSE 100.

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Royston Wild has no position in any of the stocks mentioned. The Motley Fool UK recommended Tesco. The opinions expressed on the companies mentioned in this article are those of the author and may therefore differ from the official recommendations we give in our subscription services such as Share Advisor, Hidden Winners and Pro. At The Motley Fool, we believe that considering a wide range of information makes us better investors.


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