October 2023: Billionaire Stocks, Market Rebound, and Top Buys

Despite the historical reputation of October as a spooky month for stock market investors, there is evidence to suggest that it can also be a time for market rebounds. Historical data shows that the fourth quarter tends to see market gains, especially in pre-election years. Additionally, when the market experiences weakness in the months leading up to October, it often sets the stage for a strong fourth-quarter rally. Investor sentiment is currently leaning towards bearishness, which could indicate a potential rebound. Forbes recommends four stocks held by billionaire investors that may be poised for a rebound: Oneok (OKE), Acuity Brands (AYI), Atlas Energy Solutions (AESI), and RB Global (RBA).