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Early Buzzers: Apple Investor Cheers UP Ahead of WWDC, Facebook Growth SLOWS

Apple Inc. (NASDAQ:AAPL) shares gained more than 1 percent in early trading. The tech giant is holding its first developers’ conference without former CEO and founder Steve Jobs. The company is expected to unveil the details of a new operating system.Investing Insights: WWDC Cheat Sheet: iOS 6, Mountain Lion, Maps, and an All-New Mac Lineup>>Shares of NVIDIA Corp. (NASDAQ:NVDA) jumped over 2 percent this morning. The company received an upgrade from UBS (NYSE:UBS) on Sunday from Neutral to Buy, with a price target of $15.50 over the next 12 months. UBS said the recent pullback in shares made NVIDIA more attractive and cited its strong presence in the non-Apple sector.Facebook (NASDAQ:FB) shares are climbing over 2.75% after the opening bell. A report by comScore recently showed that Facebook’s growth in the United States came in at 5 percent for April, down from 24 percent in the same period last year. In 2010, the social-media company witnessed 89 percent growth in April. Investors appear to be looking more at April’s growth this morning as the bright spot and the fact that Facebook to will join Russell 3000 index, a catalyst for more funds to seek out the company’s stock for their portfolios.Don’t Miss: Are Americans Really More Wealthy?Major banks such as Citigroup Inc. (NYSE:C) and Morgan Stanley (NYSE:MS) bounced more than 2 percent in pre-market trading and have since fallen flat. Over the weekend, Spain became the latest member in the eurozone to seek a bailout, with a request for as much as 100 billion euros ($125 billion).Forest Laboratories Inc. (NYSE:FRX) shares fell 1.74 percent Monday morning. The company lowered its 2013 profit target to 65 cents to 80 cents per share, below expectations of $1 per share. Forest Labs cited issues related to Lexapro expiring, its anxiety drug.Investor Insight: WWDC Cheat Sheet: iOS 6, Mountain Lion, Maps, and an All-New Mac Lineup Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now! To contact the reporter on this story: To contact the editor responsible for this story:

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