I think these are 2 of the best UK stocks to buy right now

In view, in London Stock Exchange looks packed with investment opportunities right now. This is good news for investors like me who are willing to buy and hold stocks for the long term.

In scanning for the most profitable opportunities, I have identified two companies in particular that I believe are among the best UK stocks to buy for my current portfolio.

A company with an ambitious growth strategy

I am always on the lookout for companies with serious growth potential. One example that has caught my attention for a long time is sportswear retailers JD Sports (LSE: JD.).

JD recently unveiled an ambitious growth plan that I’m excited about.

The company’s plan is to increase revenue and profit by double digits over the next five years. It also started rapid store expansion in unpenetrated markets.

If it goes ahead, I’m sure these plans will ensure JD is well-positioned to become a global fashion sports powerhouse.

What’s the catch?

That said, I am aware of some future risks and uncertainties that may impact the company’s stock price.

For starters, expansion can be very expensive. JD needs to be careful with cash to ensure profits are not affected too much.

In addition, a sharp decline in consumer spending will be a major blow to JD. After all, the fortunes of sports fashion retailers are inextricably linked to consumer sentiment.

Despite this, I believe that JD has a proven retail formula with buckets of room to grow.

Ultimately, I’m confident in the retailer’s long-term prospects, which explains why I think it’s one of the best UK stocks to buy right now.

Going for the gold

Multinational commodity trading and mining companies Glencore (LSE:GLEN) is the second company I’m interested in.

Not least because despite being below market expectations, the company reported full-year revenue of $256bn. It is an increase of 26% from the previous year.

In addition, underlying cash profit (EBITDA) increased by an impressive 60% to $34.1bn, reaching a record level.

This strong performance is largely due to higher and more stable energy prices. Higher prices benefit the energy product portfolio and especially marketing and industrial coal assets.

What’s next?

High inflation and tighter monetary conditions pose a major risk to the company’s outlook in 2023.

Moreover, commodity demand over the next few years looks uncertain at present. This uncertainty can be a drag Share price of Glencore.

However, the company appears to be in a very stable position to me. After all, the healthy conditions of the previous years have helped the balance sheet to improve.

What’s more, the net debt is almost non-existent. As a result, the company’s distribution policy is to return cash to investors to bring net debt back to the target of $10 billion. That’s good news for dividend seekers.

That’s why I rate Glencore as one of the best UK stocks I’d buy right now if I had some cash to spare.