7 Stocks you need to know for Monday

Concerns over the weakening economy led Macy's (M | Quote | Chart | News | PowerRating) to warn that annual profits might be lower than previously forecast. At its lowest on Friday, the stock was off by more than 9%.

Among those financial stocks rebounding on Friday were shares of Wachovia (WB | Quote | Chart | News | PowerRating), up more than 34%.

Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the bell. Analysts are expecting EPS of 1.12.

Traders worried that Morgan Stanley (MS | Quote | Chart | News | PowerRating) might face a cut in its credit rating by Moody's sent shares of the stock lower by more than 20%.

Reporting earnings before the market opens on Tuesday, PepsiCo (PEP | Quote | Chart | News | PowerRating) is expected to announce EPS of 1.08.

Falling oil prices led to lower prices for major oil service company like Exxon-Mobil (XOM | Quote | Chart | News | PowerRating), which lost more than 8% on Friday.

Capital One Financial (COF | Quote | Chart | News | PowerRating) announced on Friday that it would no longer provide inventoary financing to automobile dealers in New York and New Jersey.