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Buy these 23 stocks ahead of earnings season: Bank of America

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Buy these 23 small- and mid-cap stocks that will surprisingly beat Wall Street's first-quarter earnings expectations, according to Bank of America

Historically, high-quality, cash-generating stocks perform best in this phase.'A bird in the hand is worth two in the bush' is the theme Bank of America is touting during this earnings season, according to an April 14 note from the equity and quant strategy team led by Savita Subramanian.

In other words, as the economy moves deeper into a downturn, forget about expectations and go for high-quality, cash-generating, shorter-duration stocks, says the bank.

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