Portfolio managers are looking at earnings season and seeing opportunities to buy up more of their favorite stocks either at a discount or as they gain. The construction equipment manufacturer reported adjusted earnings per share of $4.27, excluding an unfavorable foreign currency impact of $0.41 per share. She said she added to the stock, noting China's reopening as a tailwind for Caterpillar in the next year. For Sarat Sethi, managing partner and portfolio manager at Douglas C. Lane & Associates, earnings has also given one of his picks, General Motors , a boost. GM 5D line gm "This was kind of a perfect earnings report that we've been hoping for for a long time," Sethi said.

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