3 FTSE stocks to buy to take advantage of the market sell-off

The huge volatility we’ve seen in the market over the past week or so has created more than a few buying opportunities. Here are three stocks to buy when they’re down.

massive yield

Shares in the financial sector are arguably the worst performing assets across Europe today. Some go down for good reasons, but many don’t, in my opinion.

For me, the manager is retired Legal & General (LSE: LGEN) is the baby that was thrown out with the bath water. Shares are down 13.3% since the banking crisis began on March 9.

This does not mean that the sale of L&G shares is completely illegal. The company has an innumerable portfolio of assets, many of which will have some exposure to banks. That can be a concern.

However, I don’t expect this to be too damaging. For example, I note that Legal & General European Equity Income Fund only have 0.84% ​​of the portfolio Credit Switzerlandthe bailed-out Swiss bank.

The company has extensive experience in the global pension risk transfer (PRT) market and reinsurance capabilities. PRT is the process of transferring financial responsibility from a defined benefit pension plan to a sponsoring employer.

If that sounds a little complicated, that’s because it is. This is a specialized area where the company has deep expertise and therefore a competitive advantage. So, it is unlikely that new competitors will come and eat L&G’s lunch here.

The current stock market dividend yield is 9%. I will add some more stocks to hold in the coming days.

Mega-project

Another stock I bought without hesitation during this volatile market Ashtead (LSE: AHT). The stock has fallen 16.7% in just two weeks.

As a reminder, Ashtead is a US-focused company that rents out everything from diggers and generators to scaffolding and traffic cones.

While there are risks associated with economic downturns – construction being a cyclical industry – the company continues to grow significantly. The change in the share price of 17.0.F for the last period is -17%.

As the company explains: “We continue to build our market share because we are in the right location, provide better equipment and provide a higher quality of service than our competitors..”

the”right location” part is especially true. It is poised to benefit immediately from the construction mega-projects initiated by the US government’s $1trn infrastructure bill.

This will see the US upgrade its transport links and manufacturing activities on land to strengthen its own supply chain. Catering for every construction imaginable, Ashtead should continue to thrive for years to come.

I am very tempted to buy more shares.

Diversity

The last stock I bought was BlackRock World Mining Trustwhich is down 12% in two weeks.

This trust operates a global portfolio of mining companies that will directly benefit from the green transition. Iron ore, copper, lithium, and more will all be needed to build a net-zero future.

The mining sector can be volatile. But the trust provides diversification and portfolio management expertise.

Additionally, the projected dividend yield is 6.3%, which is higher than the market average. If I didn’t already have a large position in this stock, I would take it today at 647p.