7 Stocks you need to know for Monday

The Dow fell 122.42. The Nasdaq Composite ended the day down 26.21. And the S&P 500 closed lower by 15.50.

Here are 7 Stocks You Need to Know for Monday.

Among the companies reporting quarterly earnings Monday morning before the market opens are high-end retailer Tiffany & Company (TIF | Quote | Chart | News | PowerRating), which is expected to report EPS of 80 cents, and Walgreen (WAG | Quote | Chart | News | PowerRating), which is expected to announce earnings per share of 0.66.

Optimism toward drug sales encouraged UBS to upgrade Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) to "buy" on Friday. UBS has a price target of $63 for the pharmaceutical giant.

Indicative of the profit-taking in financial stocks was the 10% pullback in Bank of America (BAC | Quote | Chart | News | PowerRating) on Friday as well as the 7% drop in JP Morgan Chase & Co. (JPM | Quote | Chart | News | PowerRating).

The pressure remained on American International Group (AIG | Quote | Chart | News | PowerRating) on Friday as attorneys general from 18 states announced intentions to begin investigations into bonuses paid by the increasingly publicly owned insurer.

Cisco Systems (CSCO | Quote | Chart | News | PowerRating), which was recently added to Goldman Sachs' "conviction buy list", on Friday announced its plan to purchase Pure Digital Technologies, makers of popular, inexpensive mini-video camcorders called Flip.