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Stocks to Watch: JCP, CHK & More

Tuesday, 15 May 2012 | 5:09 PM ET

Check out which companies are making headlines after-the-bell Tuesday:

JCPenney - The retailer reported a loss of 25 cents on sales of $3.15 billion, missing expectations for a loss of 11 cents a share on revenue of $3.41 billion. In addition, the firm said it is discontinuing its 20 cent quarterly divident. Shares plunged in extended-hours trading. (Click here for after-hours quote.)

Chesapeake Energy - The natural gas company confirmed that it is increasing its borrowing to $4 billion from $3 billion, citing "strong investor demand." Shares edged slightly higher in extended-hours trading. (Click here for after-hours quote.)

Arena Pharmaceuticals - The biopharmaceutical company announced a common stock offering, but did not disclose the quantity. Shares dropped in extended-hours trading. (Click here for after-hours quote.)

Billionaire investor Warren Buffett's Berkshire Hathaway said it increased positions in Wal-Mart , Wells Fargo , Bank of New York and DirecTV , while taking new stakesin General Motors and Viacom , according to its latest 13F filing. Meanwhile, the company decreased its holdings in Intel , Kraft , P&G and DollarGeneral . (Click here for after-hour quotes.)

And widely-followed hedge fund manager David Einhorn's Greenlight said it took new stakes in Expedia and Computer Sciences , while decreasing its holdings in CBS , Dell , GM, Microsoft and Research In Motion . The company eliminated its positions in Yahoo and First Solar , according to its latest 13F filing. (Click here for after-hour quotes.)

Hedge fund manager Daniel Loeb's Third Point said it increased positions in Yahoo and Sara Lee , while adding stakes in Cisco and Apple . But the firm lowered its holding in GoldmanSachs , according to its latest 13F filing. (Click here for after-hour quotes.)

Akamai - The tech firm was upgraded to "neutral" from "sell" at Citi. Shares edged higher in extended-hours trading. (Click here for after-hours quote.)

Cogo - The computer components distributor posted better-than-expected quarterly earnings of 13 cents a share, excluding one-time items, topping expectations for 6 cents a share. Shares rallied in extended-hours trading. (Click here for after-hours quote.)

—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

Questions? Comments? Email us at marketinsider@cnbc.com

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AKAM
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ARNA
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BK
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CBS
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CHK
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VIEW
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CPB
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CSCO
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4331
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DG
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DTV
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EXPE
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FSLR
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GM
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GS
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INTC
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JCP
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MDLZ
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MSFT
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PG
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BB
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VIAB
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WFC
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WMT
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YHOO
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AAPL
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Featured

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • Sharon Epperson is CNBC's senior commodities and personal finance correspondent.

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.

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