Chesapeake Energy (CHK) held its first analyst day in two years yesterday–and it has many analysts feeling much better about the company than they were just a few days earlier. As we noted this morning, Nomura upgraded Chesapeake to Neutral from Reduce, while BofA Merrill Lynch raised its rating to Neutral from Underperform. But even analysts who left their ratings unchanged had kind words....more>>>
Weyerhaeuser (WY) wouldn’t normally top your list of big movers, let alone the biggest mover in the S&P 500. But thanks to a note from Goldman Sachs today, Weyerhaeuser was the hottest stock in the S&P 500.
Shares of Weyerhaeuser, which has a market capitalization of $22.7 billion, gained 5.7% to $32.08its largest move since February 2012while the....more>>>
U.S. stocks closed slightly lower Tuesday as investors weighed additional comments from Federal Reserve members that emphasized the central banks intention to raise interest rates sooner rather than later.