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Bernstein Upgrades Chesapeake Energy

Thursday, 3 May 2012 | 12:00 PM ET

The FMHR traders discuss whether value exists in stocks that have drastically fallen on weak earnings. Meanwhile, Sanford C. Bernstein upgraded Chesapeake Energy to "outperform" from "underperform." Pete Najarian, OptionMonster.com co-founder, weighs in on the catalysts.