3 Stocks Trading Near $5 With Massive Earnings Upside

Earnings Growth Outlook - For calendar year 2026, earnings growth for S&P 500 companies is forecasted at 15%, exceeding the trailing 10-year average of 8.6%, marking the potential for the third consecutive year of double-digit growth [1] - Some companies are expected to grow earnings by more than the S&P 500 average, with three identified stocks projected to grow earnings by at least 74% [2] Offshore Drilling Sector - The offshore drilling sector is anticipated to see a recovery, with Transocean Ltd. expected to achieve 100% earnings growth, following its first profitable quarter in five quarters [3][4] - Transocean's fleet is well-suited for deepwater drilling, and favorable conditions for rising oil prices are expected in 2026 as demand may begin to test supply [3] Stock Performance and Predictions - Transocean's stock has increased over 28% in the last 12 months, with a recent price target increase from BTIG Research to $6 from $5, indicating positive analyst sentiment [4] - Three stocks trading near $5 are expected to deliver earnings growth ranging from 74% to 150%, with upcoming earnings reports serving as near-term catalysts [5]