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

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By Douglas A. McIntyre Published
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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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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