Stocks to Watch: GS, VIAB, FB & More

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

Goldman Sachs moved lower after Egan-Jones cut its credit rating on the financial giant by one notch to BBB+ from A, citing weaker second-quarter operating results and the potential cost of complying with the Volcker rule.

Viacom lost ground after Barrington Research downgraded the stock to "market perform" from "outperform" due to high valuation.

Facebook moved higher on a report that time spent on its website grew nearly 10 percent in July. Separately, Facebook board member Reed Hastings, the CEO of Netflix , bought nearly 50 thousand Facebook shares at an average price of $21.03. In addition, the FTC has accepted as final a settlement with Facebook resolving charges that it deceived consumers regarding privacy policies.

Manchester United got kicked by investors, barely moving higher in its Wall Street debut. But at $233 million raised it’s the largest IPO on record for a sports team, according to Thompson Reuters.

Monster Beverage got slammed on reports an unidentified state attorney general is investigating its energy drinks.

Farm stocks including Archer Daniels Midland, Tyson Foods, Pilgrim’s Pride and Deere lost ground in the wake of USDA crop report.

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Martha Stewart Living Omnimedia moved lower. The company appealing a preliminary injunction against its partnership with JC Penney that Macy’s won last month.

Fusion-io surged after the memory technology company reported better than expected fourth-quarter earnings.

Gambling machine company Bally Technologies moved higher after its fourth-quarter earnings beat analysts’ forecasts on increased revenues.

Asset manager Janus rose after it said it entered into a partnership with Dai-ichi Life Insurance Company in which the Japanese life insurer would take a 15 to 20 percent stake in the company.

Bottomline Technologies jumped after the provider of financial resources management software reported better than expected fourth-quarter earnings results.

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