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Transcripts For CNBC Squawk On The Street 20120817

we have a mixed bag right now. the roadmap starts off with the facebook fallout. shares hitting a new low after the first lock-up expired. who s telling how much more downside for the stock when the massive lock-ups come later this year. a new milestone for apple shares, closing at a new all-time high as jeffries raises its price target to a whopping $900 a share. we ll talk to the analyst behind that call. and the turnaround at the gap continues. the retailer boasting a beat on earnings and raising its guidance. gap shares trading higher premarket. a phenomenal performance for that stock over the last year. and then as we mentioned, there is europe shares hitting a 13-month high fueled by comments from europe s angela merkel that the country remains committed to the euro. we stick with facebook. one day after the stock failed to all-time lows, $19.69, was that intraday low before closing at $19.87 following the first lock-up expiration. mark zuckerberg, according to t

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