Stocks to Watch: PPHM, GOOG, AAPL & More
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.
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.
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