7 Stocks you need to know for Friday

National Semiconductor (NSM | charts | news | PowerRating) beat earnings expectations, announcing $0.33 EPS over a consensus of $0.31 EPS.

Cascade (CAE | charts | news | PowerRating) missed earnings on Thursday afternoon, reporting $1.00 EPS versus $1.08 EPS.

Herley Industries (HRLY | charts | news | PowerRating) also missed expectations, announcing $0.14 EPS versus $0.18 EPS.

Kellwood (KWD | charts | news | PowerRating) reports earnings on Friday morning before the market opens, with traders looking for $0.14 EPS.

American International Group (AIG | charts | news | PowerRating) rallied over 4% on Thursday, after a Goldman Sachs announcement that potential housing market losses are "manageable."

Analogic (ALOG | charts | news | PowerRating) rallied 15% on Thursday, after announcing earnings of $0.53 EPS versus expectations of only $0.36 EPS.

Tribune (TRB | charts | news | PowerRating) rallied over 7% on Thursday after announcing the company will need to borrow $500 million less than earlier estimated, to help finance its going-private transaction.