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Bernstein Upgrades Chesapeake Energy

12:00 PM ET Thu, 3 May 2012

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.