NEW YORK ( TheStreet) -TheStreet Ratings' stock model upgraded Hess Corp ( HES) to 'Buy' from 'Hold'. Net income at this $25.4 billion market cap, integrated energy company jumped 238% to a profit of $1.2 billion in the third quarter compared to the same quarter last year.

TheStreet Ratings released rating changes on 14 U.S. common stocks for January 3, 2011. In total, 14 stocks were upgraded and no stocks were downgraded by our stock model.

In the third quarter, Hess reported $7.9 billion in revenue, an increase of 8.2% over the year earlier quarter. Learn more about Hess Corp: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

$3.9 billion market cap, telecom company, Telephone & Data Systems Inc ( TDS) was upgraded to 'Buy' from 'Hold'. In third quarter results, Telephone & Data Systems reported a 10.5% increase in net income to $40.6 million and a 0.7% increase in revenue to $1.3 billion when compared to the same quarter last year. Learn more about Telephone & Data Systems: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

-- Reported by Kevin Baker in Jupiter, FL.

For additional Investment Research check out our Ratings Research Center.

Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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