7 Stocks you need to know for Monday

Nortel (NT | charts | news | PowerRating) announces earnings on Monday morning; watch for $0.18 EPS.

Cosi (COSI | charts | news | PowerRating) reports quarterly earnings on Monday before the bell, with analysts looking for -$0.08 EPS.

Accredited Home Lending (LEND | charts | news | PowerRating) announced plans to sell $2.7 billion of its loan portfolio at a major discount to meet margin calls and stay afloat. LEND is down around 75% for the year.

Credit Suisse (CS | charts | news | PowerRating) gave Fremont General (FMT | charts | news | PowerRating) an additional $1 billion in credit to help the mortgage lender deal with the recent subprime weakness.

Cepheid (CPHD | charts | news | PowerRating) announced today that the FDA had approved the company's new test to distinguish between bacterial and viral meningitis.

In more drug news, the FDA issued a safety alert warning over Pfizer's (PFE | charts | news | PowerRating) antibiotic Zyvox.