The Week’s Stock Market Winners: Chevron, Heinz, And Hershey

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S&P 500 WEEK TOP 10 (18 FEB -24 FEB) Ticker Weekly Price Change (%) Close Price 24Feb11 Close Price 18Feb11 Market Cap($Mil)
Chesapeake Energy Corp CHK 12.9 34.35 30.43 22462.0
Cabot Oil & Gas Corp COG 9.6 44.80 40.87 4658.0
Range Resources Corp. RRC 7.8 52.09 48.31 8338.2
V.F. Corp VFC 6.9 96.00 89.80 10412.5
CONSOL Energy Inc. CNX 6.4 48.84 45.89 11049.4
Heinz (H J) Co HNZ 3.9 49.57 47.72 15899.4
Hershey Co HSY 3.9 52.28 50.33 8718.1
Noble Corp NE 3.5 43.55 42.07 10986.8
Chevron Corp CVX 3.4 102.03 98.72 205328.0
DIRECTV DTV 3.2 45.72 44.30 38117.8
Source: Capital IQ

It was a particularly bad week for investors who have counted on surges in individual shares over the last two months. Only one stock, Chesapeake Energy (NYSE: CHK) rose more than 10%. The firm’s earning were strong, but more important to the markets were a potential decision by the energy company to spin off some of its services business.

The price of oil moved above $100 and several energy companies benefited. The shares of Cabot Oil & Gas (NYSE: COG) jumped 9.6%. CONSOL Energy (NYSE: CNX) shares were up 6.4%.

The stock price of energy mammoth Chevron (NYSE: CVX) closed the week 3,4% higher.

Douglas A. McIntyre

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