This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Facebook, Zynga, Apple: Tech Premarket

NEW YORK ( TheStreet) -- Facebook (FB - Get Report) shares dipped 2.19% to $27.64 before market open Tuesday after the social networking phenomenon received a downgrade from Bernstein Research.

The analyst firm downgraded Facebook to "market perform" from "outperform," citing uncertain potential upside for the stock, according to CNBC.

Facebook shares closed down 1% during the previous trading session. The Menlo Park, Calif.-based firm was also the most active premarket Nasdaq stock on share volume of 525,982.

Zynga (ZNGA - Get Report), however, continued its recent momentum, gaining 1.63% to reach $3.73.

Shares of the social gamer have been on a tear recently, closing up 7% on Monday, boosted by last week's strong fourth-quarter results and the possibility that New Jersey could legalize online gambling.

The San Francisco-based firm was another active premarket Nasdaq stock on share volume of 419,196.

BlackBerry (BBRY - Get Report) slipped 0.25% to $15.69 on share volume of 124,859.

NetApp (NTAP - Get Report), which reports its fiscal third-quarter results after market close on Wednesday, rose 0.76% to $35.63 on share volume of 90,200.

Shares of Apple (AAPL - Get Report) slipped 0.24% to $478.80 before market open on Tuesday as CEO Tim Cook prepares to take the spotlight at the Goldman Sachs Technology and Internet conference.

The Apple chief's comments at the San Francisco event will be closely monitored by investors, particularly following hedge fund manager David Einhorn's decision to sue the tech giant. The Greenlight Capital president wants his fellow shareholders to vote against Apple's proposal to do away with preferred stock, which he said restricts "the Board's ability to unlock the value on Apple's balance sheet."

Apple shares closed up 1.04% during Monday's trading.

TheStreet will be live-blogging Tim Cook's keynote, starting at 9:45 a.m. EST.

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.24 0.70%
BBRY $9.30 0.22%
FB $83.01 0.11%
NTAP $35.55 -0.55%
ZNGA $2.72 -1.60%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs