kathleen gaffney. >>> let's hit the biggest pops and drops in midday trading.el is up and it's popping. pete? >> it's popping nicely. and a lot of that has to do with jeffries came out today, moved the target from 27 up to $30. it's also the fact they talked about the billions of dollars that intel has paid to get themselves into that market, out of the pc, more into mobile. they think it's working. i think it's working. the stock's going higher. >> joe, safeway? >> raised outperform from underperform at credit suisse, which i do not understand. why not first go to market performance, like going from sell to buy. i disagree. you take the buy. >> big quarter. short interest. pete's obviously gotten it by the bit. >> thank you, steven. >>> still ahead, investors in cliffs natural resources enjoying a nice rally recently, but it's too bad one of our traders made a bearish call. next, we'll find out how that person is managing their losing trade. yeah, you. >>> the s.e.c. is also giving exchanges 60 days to figure out how to stop the high-profile tech glitches. wha

kathleen gaffney portfolio manager. >>> another big story of the day, apple looks like a lot of investors and analysts sowered on that stock which recorded the worst one-day decline since april closing well below $500 as you see there. the reason, no wow factor over the new iphones or operating system unveiled yesterday, along with concerns that the plastic backed iphone 5 c is still too costly for emerging markets like china and an expected deal with china mobile to sale the iphone in china didn't happen. feeling the bite from apple, some suppliers like chip makers like qualcomm, cirrul logic and sky works, all were lower today. >>> tyler a completely different story at facebook today. shares of the social networking giant hit an all-time high today this comes 15 months after it's initial public stock offering. the stock closed at 35.04, a gain of more than 3%. some analyst say the boost was sparked by speculation over chief operating officer's visit this week to china that could lead to an expansion to the biggest market of the world. >>> you throw around the world disruptor a lot, espe