£3k to invest? 3 cheap FTSE 100 shares I’d buy right now

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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images The stock market crash in March has been followed by a powerful rally that’s left the FTSE 100 up by about 15% from its March lows. Finding cheap FTSE 100 shares isn’t as easy as it was two months ago, but I think there are still some bargains to be had.Today I’m going to look at three FTSE 100 stocks I’d buy today.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 right time to buyUntil this year, defence group BAE Systems (LSE: BA) has an unbroken dividend record stretching back to 1993. During this 27-year period, BAE’s payout rose from 1.75p to 23.2p per share.Of course, BAE has faced some problems during this time. For example, in recent years investors have been concerned about the outlook for new shipbuilding and aircraft orders.However, the company has generally handled the challenges it’s faced and kept new orders flowing in. Diversification has also helped — BAE is generating attractive growth in areas such as electronic systems and cyber security.The coronavirus pandemic is only expected to have a limited impact on the business, but BAE’s dividend has been suspended as a precaution. This is a disappointment, but I don’t think it affects the investment case.BAE shares have fallen by 25% over the last three months and are trading on just 10 times forecast earnings at the time of writing. When the dividend is reinstated, I’d expect a yield of 4%-5%. I rate this FTSE 100 share as a buy.Mining for winnersAnother FTSE 100 share that’s caught my eye recently is mining group Anglo American (LSE: AAL).Anglo shares are down by nearly 40% this year, leaving them lagging behind the FTSE 100. This big sell-off is being driven by fears that a global recession could hit demand for materials such as copper, iron ore and coal. Anglo American is also suffering from a slump in the diamond market, where its subsidiary De Beers is one of the world’s largest producers.I accept that things could get worse for Anglo. But boss Mark Cutifani has cut spending and paid off a lot of the group’s debt over the last five years. I think the company is in a pretty good position to ride out any storms that lie ahead.Analysts’ estimates price the stock on about eight times 2020 forecast earnings, with a dividend yield of 5%. A lot could still change as this year unfolds, but I think Anglo looks decent value at this level.A FTSE 100 share I’d buy todayMy final pick is packaging group Mondi (LSE: MNDI). Oddly, Mondi was actually part of Anglo American until 2007, when it was spun out into a separate business.This demerger has worked out well for investors so far. Even after this year’s stock market crash, Mondi shares are up 200% since 2007.Sales clocked in at €7.3bn last year, giving some idea of the global scale of Mondi’s business. The company says that disruption during the coronavirus pandemic has been limited so far, with strong demand in areas such as food packaging.Mondi enjoys strong profit margins and has €1.5bn of cash on hand to ride out the Covid-19 storm. Although the dividend has been suspended, I expect payouts to return fairly quickly. With the stock trading on around 11 times forecast earnings, I see this FTSE 100 share as a long-term buy. Simply click below to discover how you can take advantage of this. 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. £3k to invest? 3 cheap FTSE 100 shares I’d buy right now “This Stock Could Be Like Buying Amazon in 1997”center_img Roland Head owns shares of BAE Systems. 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. 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. Roland Head | Sunday, 17th May, 2020 | More on: AAL BA MNDI Our 6 ‘Best Buys Now’ Shares Enter Your Email Address See all posts by Roland Headlast_img read more