7 Stocks you need to know for Friday

Traders are watching for Wonder Auto Tech (WATG | charts | news | PowerRating) to report $0.16 EPS on Friday morning before the open.

Deere (DE | charts | news | PowerRating) beat earnings estimates, reporting that Q4 earnings gained by 52%. DE rallied over 5% on Wednesday despite broad weakness.

Circuit City (CC | charts | news | PowerRating) fell over 5% on Wednesday after a downgrade from Neutral to Overweight at JP Morgan.

Ericsson AB (ERIC | charts | news | PowerRating) fell for the second straight day, down 6%, after guiding earnings estimates lower for this quarter.

Freddie Mac (FRE | charts | news | PowerRating) fell to decades-old lows today, after posting the company's biggest quarterly loss yesterday. Related company Countrywide Financial (CFC | charts | news | PowerRating) also continued to tack on losses, dropping nearly 4%.

Leap Wireless (LEAP | charts | news | PowerRating) dropped over 6% on Wednesday after announcing creditor fees stemming from a late filing of Q3 results.