We are currently in a bear market $SPX500 with many headwinds ahead. These are the times to take opportunities in the markets and buy stocks. These are three stocks I'm buying in October 2022.
The first stock I'm buying in October 2022 is Icahn Enterprises $IEP . This is a stock with a 15% dividend yield but you have to be careful about its structure since it is a master limited partnership. This 15% dividend yield is worth less if you consider all the taxes involved. However, if you want to bet on Carl Icahn, it can be a good investment.
The second stock I'm buying in October 2022 is an arbitrage opportunity, that is, Activision Blizzard $ATVI which is going to be acquired by Microsoft $MSFT in an all-cash transaction. The spread is currently 20%, making it a good stock to own in this volatile market. Even in the worst case scenario where the deal fails, it is still. a good stock to hold.
The third stock I'm buying in October 2022 is GEO Group $GEO . The company is cleaning its balance sheet at a fast rate and risk of bankruptcy is not here anymore. Trading at X4 FCF, it represents a value opportunity.
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Full analysis of GEO Group: