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Markets rebounded slightly Monday as stocks perked up late to erase much of the abysmal trading of the early morning. Even still "the fourth quarter did not start off on the foot investors would have liked," writes Real Money's Bret Jensen and I couldn't have said it better myself, Bret. With some names battered, however, there may be buying opportunities building. Jensen points readers of Real Money to William Lyons Homes (WLH) and Beazer Homes (BZH) , two home builders that have been badly beaten down by the threat of rising mortgage rates. Jensen says that these stocks appear to have bad news already priced into their shares, and they are worth a look, especially as we head into another earnings season. "Solid earnings reports should be just the tonic they need to get off the dime" Jensen writes.

Speaking of earnings, the banks will kick us off later this week and with those rising rates and markets still near all-time highs despite the last three-day sell-off much of the world is long on the banks. Citigroup (C) , Bank of America (BAC) , JPMorgan (JPM) and Well Fargo (WFC) are all on the list of buys for Real Money's Doug Kass who says he's "banking on banks." Not all banks are a sure shot, though. Our resident technical analyst Bruce Kamich digs deeper in PNC Financial (PNC) and explains why the company could be vulnerable after sell-offs earlier this year. PNC was also featured on Jim Cramer's Mad Money on Friday night.

The General Electric (GE) divestiture train is still humming along, now with a new conductor. PE giant Apollo Global Management LLC APO is snapping up an energy portfolio from GE Capital and teaming up with its GE Energy Financial Services unit for future deals as firms eye the main conglomerate's efforts to raise cash. Meanwhile, Baker Hughes a GE Co. undefined -- yes, that's its official name now -- has agreed to take a stake in Abu Dhabi National Oil Co.'s subsidiary Adnoc Drilling, in a bid to improve drilling efficiencies. GE, of course took a controlling stake in Baker Hughes in 2017 but has since decided to exit the company. TheStreet's sister site The Deal has more on those two deals and more on GE's continued restructuring. General Electric shares rose almost 3% Monday after analysts from Barclays boosted their price target on the stock as the group attempts to realign its restructuring plans under new CEO Larry Culp.

Markets Today: The Dow Industrials rebounded from a morning slide to end the day higher on Monday, Oct. 8. The S&P 500 ended only slightly lower and the Nasdaq trimmed earlier losses. The Dow Jones Industrial Average undefined rose 40 points, or 0.15% to 26,487 after earlier trading as low as 26,223. The S&P 500 ended down 1 point at 2,884.50. The Nasdaq trimmed earlier declines to trade down 0.07%.

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