7 Stocks you need to know for Monday

The S&P 500 fell for its 4th straight week despite the Volatility Fear Index, VIX, dropping simultaneously on Friday. Surprisingly lower consumer confidence figures combined with pessimistic words from noted economist, Robert Shiller, prevented any rallies from materializing. Despite the negative sentiment, rising shares of Technology companies enabled the Nasdaq to close in positive territory. The DJIA lost 36.65 to 8146.52, the Nasdaq eased ahead by 3.48 to 1756.03 and the S&P 500 gave back 3.55 to 879.13.

Here are 7 stocks you need to know about for Monday:

An analyst at Thomas Weisel upgraded shares of Yahoo (YHOO | Quote | Chart | News | PowerRating) to "market weight".

The FDIC may not guarantee bond sales of old time bond trader, CIT Group (CIT | Quote | Chart | News | PowerRating).

The original discount broker, Charles Schwab (SCHW | Quote | Chart | News | PowerRating), reveals earnings before the bell with a consensus estimate of 18 cents/share.

Novellus Systems (NVLS | Quote | Chart | News | PowerRating) announces second quarter earnings after the bell on Monday, with an expected loss of 38 cents/share.

Philadelphia based insurer, Lincoln National (LNC | Quote | Chart | News | PowerRating), funded its underwriting unit with $1 billion dollars of TARP money.

Rumors of job cuts at Cisco (CSCO | Quote | Chart | News | PowerRating) have been denied by the company.

A federal jury rejected Altria's (MO | Quote | Chart | News | PowerRating) $24 million dollar tax refund claim.