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Facebook, Apple, HP: Tech Premarket

NEW YORK (TheStreet) -- Facebook (FB) shares gained 0.31% to reach $38.53 before market open after the social networking giant unveiled its plan to connect the entire world to the Internet.

In a blog posting on Tuesday, Facebook CEO Mark Zuckerberg outlined his proposal to connect another 5 billion people to the Internet.

The Menlo Park, Calif.-based firm was also one of the most active pre-market Nasdaq stocks on share volume of 247,340.

Apple (AAPL) shares rose 0.51% to $503.64 as rumors continue to swirl around a possible iPhone launch next month.

UBS analyst Steven Milunovich raised his price target to $560, after raising his earnings estimates on the potential for an iPhone 5C and a deal with China Mobile (CHL).

The iPhone maker was another active pre-market Nasdaq stock on share volume of 62,038.

Tesla (TSLA), which received the U.S. Government's highest safety award this week, gained 0.37% to reach $150.13.

BlackBerry (BBRY) crept up 0.09% to $10.55.

Shares of HP (HPQ), which reports its fiscal third-quarter results after market close, were up 0.04% to $25.85.

Analysts surveyed by Thomson Reuters are looking for revenue of $27.29 billion and earnings of 86 cents a share.

The PC maker, which is in the throes of a massive restructuring effort, closed down 0.15% at $25.84 during Tuesday trading.

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

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