Investors may need to dig deep to find upside plays during the fourth quarter earnings season, but there are still likely winners to be found, according to Goldman Sachs. In a note to clients on Thursday, managing director John Marshall said the options market suggests Wall Street will need to be blown away for companies to get rewarded this earnings season.
One stock on this list that Goldman analysts are particularly bullish on for not just the upcoming earnings report but the entire year ahead is agricultural company Bunge . Goldman projects that Bunge will beat Wall Street earnings estimates by more than 20% over the next four quarters. Bunge, along with mining stock Freeport-McMoRan , is also on Goldman's conviction list. Another industrial name on the list is Caterpillar , which is off to a hot start in 2023.
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