Buzz Stocks: Tesla Motors Inc, Chesapeake Energy Corporation, and Canadian Pacific Railway Limited (USA)

U.S. stocks were higher after Bank of England (BoE) announced an interest rate cut, but have since retreated into the red. Among equities in focus today are electric vehicle maker Tesla Motors Inc (NASDAQ:TSLA), natural gas company Chesapeake Energy Corporation (NYSE:CHK), and railroad stock Canadian Pacific Railway Limited (USA) (NYSE:CP).

• TSLA is down 0.2% at $225.36, after an earnings miss, despite reassuring investors that yearly production goals will be met, and that new technologies will soon be unveiled. Tesla Motors Inc is down over 15% since hitting a year-to-date high just south of $270 in early April, as the past few months have seen controversies such as the acquisition of solar power concern SolarCity Corp (NASDAQ:SCTY) and an investigation into TSLA's autopilot  technology after a fatal crash in May. There was still a fair amount of pre-earnings optimism in TSLA's options pits, however, with TSLA's 10-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 1.12 sitting higher than 74% of all other readings from the past 12 months. 

• CHK is down 5.9% at $4.98, following an earnings report that missed analysts' expectations. The oil-and-gas company also raised its production forecast and asset sales target for the year. Since touching a decade-plus low of $1.50 in early February, Chesapeake Energy Corporation has made significant headway, but remains nearly 28% lower on a year-over-year basis. CHK option players have been especially bullish as of late, with CHK's 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 4.60 sitting in the 98th percentile of its annual range.

• CP is down 3.6% at $142.05, on news that activist investor Bill Ackman's Pershing Square Capital Management LP had sold its entire stake in the company. According to Ackman, CP "has completed an incredible transformation" since his 2011 investment, and he sees "continued success" for CP's future. Canadian Pacific Railway Limited (USA) has more than tripled since its 2011 low, but is still 35% off its 2014 high north of $220. Analysts seem largely positive toward the stock, with 67% rating CP a "buy" or better, and without a single "sell" on the books.

Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check