Image source: Getty Images FREE REPORT: Why this £5 stock could be set to surge 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. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Here’s how I’d find cheap UK shares to buy now Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Manika Premsingh owns shares of AstraZeneca. The Motley Fool UK has no position in any of the shares mentioned. 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. It is great that stock markets have got some of their mojo back. But a downside is that cheap UK shares are getting harder to find. Many shares’ prices are either back to pre-pandemic levels or well past them. Even in terms of valuations, as measured by the price-to-earnings (P/E) ratio, they are at high double digits. 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…But all is not lost as far as bargain hunting goes. I think there are still buying opportunities for me in three kinds of stocks.#1. Reopening stocksNot all reopening stocks have been lucky enough to reach pre-pandemic highs so far. An example is the FTSE 250 cinema chain Cineworld, which is still at half its pre-market crash levels. The challenge with Cineworld and the like is that its financial health is now compromised. But I think that the stock still has good prospects as cinemas have reopened in both its key UK and US markets. Over time, as its performance improves, so can its share price. The downside here is that it can take time to bounce back. In other words, these stocks are for the long-term investor in me. #2. Under the radar stocksThere is also a buying opportunity for me in smaller UK shares. Sometimes high-performing companies can remain under the radar for a while before investors catch up to their potential. I like to keep an eye out for these stocks. One such for me is the FTSE 250 iron ore miner Ferrexpo. When I wrote about it in March, its P/E ratio was 3.6 times. It is at 6 times now, clearly because other investors too saw value in this commodity investment. I still think it is still a cheap UK share, though, with its P/E is still way below that of its FTSE 100 mining peers. Sometimes there can be a catch to stocks that look good but that have a muted share price. I think is the case for tobacco stocks. Imperial Brands has a P/E of 5.5 times, despite being a profitable company because the future of tobacco is in question. So I consider low priced shares carefully. #3. Out of favour stocksInvestors tend to favour different stocks based on where we are in the business cycle. During times of economic growth, cyclical stocks like mining, retail, and restaurants tend to perform because consumption is on the rise. This makes them attractive to investors. Similarly, during slowdowns, safer stocks like utilities and healthcare with relatively stable demand make more attractive buys. With a cyclical upturn underway, safe stocks are out of favour. As a result, they are now available at relatively lower prices. An example is the FTSE 100 healthcare giant AstraZeneca, which is still way below the all-time-highs touched last year. That its Covid-19 vaccination has also been mired in controversy has not helped, and neither has its acquisition of US-based Alexion. But its latest results clearly indicate that it is still a good buy for me for the long term. Simply click below to discover how you can take advantage of this. Get the full details on this £5 stock now – while your report is free. Manika Premsingh | Monday, 31st May, 2021 See all posts by Manika Premsingh 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.