Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” See all posts by Peter Stephens Cheap UK shares have made strong gains in the past two weeks. The FTSE 100 and FTSE 250 have surged higher as a result of improving investor sentiment in response to positive news regarding a coronavirus vaccine.Clearly, their performance still lags gold and Bitcoin’s price rises in 2020. However, their low prices and improving long-term prospects could make them more attractive investments than the precious metal and virtual currency.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…With that in mind, here are two FTSE 100 shares that appear to offer good value for money even after their strong gains over the past two weeks. I think they could continue to rise in a new bull market.Improving outlook relative to other cheap UK sharesTesco (LSE: TSCO) could offer improving performance relative to other cheap UK shares, I feel. The company has recorded a 10% rise in its share price in the past two weeks. Yet it trades on a forward price-to-earnings (P/E) ratio of around 13.5.This suggests to me that it offers a wide margin of safety, since the retailer is forecast to post double-digit profit growth over the medium term. Key reasons for this could be its position as the UK’s main online grocery retailer. And its capacity to become more efficient through increased innovation could count too.Tesco’s growing profitability is expected to lead to a rising dividend. The company is forecast to yield 4% next year from a dividend that is covered almost twice by net profit. This suggests that it is affordable, and could rise at a brisk pace over the long run.While consumer confidence could remain weak over the short run, Tesco appears to offer good value for money relative to other cheap UK shares.FTSE 100 outperformance at a reasonable pricePersimmon (LSE: PSN) could also outperform other cheap UK shares in the long run, I believe. The company’s P/E ratio of 12.8 may undervalue its prospects. After all, it is forecast to post an 8% rise in net profit next year.The company’s recent updates have shown that demand for new homes has been robust even with an uncertain economic outlook. Its solid balance sheet could mean that it is in a strong position to survive a period of weaker sales, should factors such as increasing unemployment hit demand for new homes.Persimmon’s share price has moved 20% higher in the past two weeks. However, it could make further gains within a diverse portfolio of cheap UK shares. Its investment in improving customer satisfaction scores seems to be paying off, with it trending among industry highs during the course of 2020.Clearly, risks such as a weak economic outlook and changes to government housing measures may limit its near-term prospects. However, its long-term performance relative to the FTSE 100 could be positive, as low interest rates provide support to the UK housing industry. Enter Your Email Address Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. Peter Stephens owns shares of Persimmon and Tesco. The Motley Fool UK has recommended Tesco. 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 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. Peter Stephens | Friday, 13th November, 2020 | More on: PSN TSCO Forget gold and Bitcoin. I’d buy these 2 cheap UK shares now in an ISA for the new bull market 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.