Facebook (FB - Get Report) shares were recapping some of Wednesday's losses, tacking on 0.87% to $30.11 as Wall Street warms up to the Graph Search initiative the company outlined on Tuesday. Graph Search will be powered by users' friends, and their likes, photos and recommendations to help answer questions in a more social manner, CEO Mark Zuckerberg noted at the event. Several analysts, including Sterne Agee's Arvind Bhatia, recently raised their price targets on the social networker on the prospects for Graph Search. "We believe FB's "Graph Search" will enable it to expand beyond Display Advertising into the much bigger market for Search Advertising. We felt it was inevitable FB would get into Search. However, the timing is a bit sooner than we had anticipated," Bhatia wrote in a note. He raised his price target to $37.
Intel (INTC - Get Report) shares were up 1.22% to $22.38 as the chipmaker gets set to report earnings after the close Thursday. Analysts surveyed by Thomson Reuters expect Intel to report earnings of 45 cents a share on $13.53 billion in revenue. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull