7 Stocks you need to know for Friday

After the market close, American International Group (AIG | news | PowerRating | PR Charts ) missed earnings by -$1.85, reporting a loss of $-1.25 versus estimates of $0.60.

Dell (DELL | news | PowerRating | PR Charts ) missed estimates by -$0.05, However, the company announced plans to buyback at least $1 billion of common stock in Q1.

Earlier today, Freddie Mac (FRE | news | PowerRating | PR Charts ) reported much worse than expected earnings, missing estimates by -$1.63. FRE's fourth quarter loss came in at $2.5 billion.

Shares of Sprint Nextel (S | news | PowerRating | PR Charts ) tumbled after the company also disappointed. Sprint reported a net loss of $29.45 billion after virtually writing-off the cost of its 2005 Nextel acquisition.

Before the market open tomorrow, Sepracor (SEPR | news | PowerRating | PR Charts ) is expected to report Q4 2007 earnings of $0.53.

Mirant (MIR | news | PowerRating | PR Charts ) is also scheduled to report before the market open on Friday, with analysts expecting $0.68.

And finally, do you think Cisco Systems (CSCO | news | PowerRating | PR Charts ) will close up or down on Monday? Play TradingMarkets Up or Down Daily Stock Contest for the chance to win $1000 every month by predicting the direction of a stock.