NEW YORK ( TheStreet) -- Yesterday, Facebook's (FB - Get Report) earnings release and the stock's subsequent run-up dominated headlines, obscuring most other company related news. On the day, Facebook added $19 billion in market cap after reporting better than expected revenue and earnings; an amount that is roughly the market cap of Hershey Foods (HSY).It looks like investors love affair with Facebook love affair is back on, at least for now, even as Facebook users are at least anecdotally becoming weary of the application. I still don't quite get it, but was somewhat amused to see a couple of firms raise their target prices on the stock to the low- to mid-$40's, near where the stock briefly traded on May 18, 2012, its first day as a public company.
Ingram Micro Misses View, Hits 14-Year High
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts