The first stock I'm buying in June 2023 is GEO Group $GEO . This is a stock that I took profits on recently but is now undervalued again. The expiration of Title 42 creates a new catalyst for the stock.
The second stock I'm buying in June 2023 is WarnerBros. Discovery $WBD . Even though the stock did very well this year, if we are thinking about the long-term, it is undervalued.
With the ongoing banking crisis, most financial stocks are doing poorly. I took some profits on Genworth Financial $GNW and now I believe it is time to start buying again. The GSE have lifted restrictions on the subsidiary of GNW, Enact, giving more tailwinds for the business to grow.