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Stocks to Watch: PPHM, GOOG, AAPL & More

Friday, 7 Sep 2012 | 1:36 PM ET

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

Peregrine Pharmaceuticals surged after a Phase II trial showed the company's Bavituximab drug boosts lung cancer survival.

Google crossed above the $700 a share level to hit a four-year high as investors remain bullish on the tech sector. And Apple hit an all-time high of $681.50.

Mining and metal stocks, including Cliffs Natural Resources, Alpha Natural,Peabody and Barrick Gold surged on China’s $157 billion investment plans. Caterpillar rose on China’s investment plans as well.

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ASML fell after Intel warned its third-quarter revenue would be weaker than expected. In July, Intel took a 15-percent stake in ASML.

Kraft lost ground after the food and beverage conglomerate detailed its initial outlook for its soon to be spun-off North American grocery business.

Kroger moved lower despite posting stronger-than-expected earnings. The company also slightly raised its guidance for the year.

Strayer Education and Apollo Education both fell after Deutsche Bank initiated coverage on Strayer with a "sell" rating and downgraded Apollo to "sell" as well.

New Oriental Education popped after a bullish recommendation from Morgan Stanley.

Questcor Pharmaceuticals rose after strong August sales of its multiple sclerosis drug, Acthar.

—By CNBC's Rich Fisherman.

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

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  • Patti Domm

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

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • Sharon Epperson is CNBC's senior commodities and personal finance correspondent.

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.

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