Facebook (FB) Up on S&P 500 Addition Speculation

(Updated - December 4, 2013 2:27 PM EST)

Upside in Facebook (NASDAQ: FB) today is being attributed to renewed chatter that the company will be added to the S&P 500.

Driving today's talk is a note from UBS's Trista Rose. The strategist notes that Molex (NASDAQ: MOLX) is set to be removed from the S&P 500 after its merger with Koch Industries received final clearance and is expected close on or about December 9, 2013.

Facebook could be tapped to as soon as today to replace Molex, although other companies just as easily could replace it. Some other names include: HCA Holdings, Inc. (NYSE: HCA), Liberty Media Corporation (NASDAQ:LMCA), Activision Blizzard, Inc. (NASDAQ: ATVI), Tractor Supply Company (NASDAQ:TSCO), Lululemon Athletica Inc. (NASDAQ: LULU).

Shares of Facebook are up 3.4% mid-day on the speculation.

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