Stocks to Watch: Chevron, Yahoo! and More ...
The markets continued to push higher on Wednesday, as there was no economic data to weigh on stocks. Trading volume continued to be light as well.
One event that traders were watching, though, was a $29 billion Treasury auction of 7-year notes planned for Wednesday. The auction follows one for 5-year notes held on Tuesday, which drew the lowest demand for Treasurys since June.
But what about stocks? Which individual companies are worth watching? Here are six that are on the move:
Chevron
The oil-and-gas bellwether is trading at levels not seen since July 2008.
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Riverbed Technology
Riverbed is up more than 3 percent on Wednesday thanks to Wedbush Securities upping its earnings estimates for 2011. Wedbush also boosted its price target for Riverbed to $40 from $34.
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PPG Industries
The old Pittsburgh Plate & Glass is trading at an all-time high on Wednesday morning.
-----------Devon Energy
Devon Energy, meanwhile, has reached a price not seen since November 2008.
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Murphy Oil
Making its second appearance in a row on "Six in 60," Murphy Oil is trading the highest it’s been since September 2008.
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Yahoo!
And finally, Hudson Square Research has initiated a “buy” rating on Yahoo!.
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