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Stocks to Watch: VZ, T, SNE & More

Take a look at some of Friday's midday movers:

Verizon and AT&T - Both telecom giants traded near fou-year highs following an upgrade from Credit Suisse.

Leap Wireless International - Shares jumped as investors bet that the company could be acquired by AT&T.

Sony - The stock plunged to 32-year lows as investors express doubt it can turn around its struggling TV and Smart Phone business.

Career Education - The stock tumbled as total enrollments fell more than analysts projected. The company said students were showing less interest in for-profit education.

Edwards Group - The stock jumped in its IPO debut. The company makes vacuum pumps for the semi conductor industry.

Ignite Restaurant Group - The stock surged in its IPO debut. The Houston based restaurant group operates Joe’s Crab Shack and Brick House Tavern.

Roundy’s - The stock down more than 10 percent after the retail grocer lowered its 2012 earnings forecast amid sluggish consumer spending and increased price competition.

AVG Technologies - The stock up surged after the company handily topped first quarter expectations and forecast a strong full year. AVG is know for its free suite of anti-virus products. AVG shares had fallen 20 percent until Thursday’s close.

Towerstream - The broadband service provider fell as much as 10 percent after posting a bigger-than-expected quarterly loss as expenses rose.

Arena Pharmaceuticals - The stock nearly doubled after an FDA panel of experts recommended approvalof the company’s obesity pill. Shares of

Rival Vivus and Orexigen Therapeutics , which have obesity drugs in pipeline, were also higher.

JPMorgan - Citigroup , Goldman Sachs, Morgan Stanley, continued to trade lower, hurt by JPMorgan’s trading loss. Meanwhile, Bank of America moved slightly higher.

Major European banks including Barclay’s , Royal Bank of Scotland and HSBC also declined amid added pressure from British regulators to toughen financial oversight in the wake of JPMorgan’s trading losses at its London operations.

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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