Hot Stocks Of The Day (CHK, MCP, FB, DLTR, BIDU)

Chesapeake Energy Corporation (NYSE:CHK) stock climbed 6.20% to $16.79 in the early hour.  Oil India Ltd. (OINL), with as much as $1.3 billion of cash for acquisitions, will consider Chesapeake Energy “corporate governance issues” before investing in the explorer’s shale assets in the U.S. plans Chesapeake plans to sell as much as $14 billion in assets this year.
Molycorp, Inc. (NYSE:MCP) stock climbed 3.36% to $20.90 in the pre-market hour after analysts at Dahlman Rose increased their price target on shares of Molycorp from $50.00 to $55.00 in a research report issued to clients and investors today. The firm currently has a “buy” rating on the stock. Molycorp last issued its quarterly earnings data on Thursday, May 10, 2012. The company reported $0.18 EPS for the quarter, beating consensus estimate of $0.17 by $0.01. The company’s quarterly revenue was up 222.5% on a year-over-year basis.
Facebook Inc (NASDAQ:FB) shares declined 5.42% to $30.18. The New York Times reported, citing unnamed sources such as Facebook employees and several engineers that Facebook is hoping to release its own smartphone by next year. These people have been sought out by recruiters, as well as people briefed on Facebook’s plans. According to people who have been briefed about the plan says that the company has already hired more than six former Apple software and hardware engineers who worked on the iPhone, and one who worked on the iPad.
Dollar Tree, Inc. (NASDAQ:DLTR) shares fell 0.94% to $101.24 after the company announced that its Board of Directors has approved a 2-for-1 stock split in the form of a 100% common stock dividend. The new shares will be distributed on June 26, 2012, for shareholders of record as of the close of business on June 12, 2012. With the stock split, the number of outstanding shares of the company's common stock will increase from approximately 116 million shares, pre-split, to approximately 232 million shares, post-split.
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) shares climbed 3.37% to $121.55 in the early hour. The company is poised to launch a low-cost smartphone running its newest mobile operating software. The handset will be priced at roughly 1,000 yuan, or about $158. The handset is being made in cooperation with Foxconn International Holdings Ltd., part of Hon Hai Precision Industry Co. of Taiwan, and China Unicom Ltd., but will be launched under a separate brand name.