Stocks strengthened even as oil prices rose above $100 a barrel, as the market waited to hear a second day of Congressional testimony from Federal Reserve Chairman Ben Bernanke.
TheDow Jones Industrial Average rose more than 40 points after bouncing between positive and negative territory a day after selling off as rising oil prices overshadowed strong manufacturing data.
So which individual stocks are worth watching today? Here are six that are on the move:
Peet's Coffee and Tea
The coffee retailer was a big winner early Wednesday, up more than 8 percent. The company was upgraded to buy from neutral at Janney Capital.
The consumer electronics retailer was trading at lows not seen in more than two years.
The Internet company was initiated buy with a $768 price target at B. Riley and Company.
The oilfield services company was getting crushed Wednesday after the company adjusted its results for the past four years by a total of about $500 million. The company said it had "material weakness" in its income tax reporting.
The electronics manufacturer was upgraded to overweight from neutral at JPMorgan.
Fresh Del Monte
The food producer was downgraded to underperform from but at CLSA.
Get the latest stock picks on the CNBC Stock Blog, and see what analysts and others are watching before the bell each day at Analyst Watch.