7 Stocks you need to know for Friday

The final day of the week brings the Retail Sales report and the Consumer Sentiment figure to an otherwise slow release day on Friday. President Obama announcing that he is "fiercely" pro-business added to the bullish optimism prevalent during the session. Word of the EU getting close to helping Greece combined with positive news from the U.S. unemployment front pushed shares sharply higher. The DJIA climbed by 105.81, the Nasdaq jumped by 29.54 and the S&P 500 advanced 10.34

Here are 7 stocks you need to know for Friday.

Ingersoll-rand Ltd Cl A ( IR | Quote | Chart | News | PowerRating) reports prior to the open with an expected EPS of 53 cents.

Power company, Firstenergy Corp ( FE | Quote | Chart | News | PowerRating), wants to purchase Allegheny Energy Inc ( AYE | Quote | Chart | News | PowerRating) for $4.7 billion dollars. However, regulatory issues may foul the deal.

Echelon Corporation ( ELON | Quote | Chart | News | PowerRating) suffered a downgrade to "underweight" by Piper Jaffray.

Citigroup ( C | Quote | Chart | News | PowerRating) has agreed to sell its Italian credit card division to Barclays Plc Adr ( BCS | Quote | Chart | News | PowerRating).

Alcatel-Lucent ( ALU | Quote | Chart | News | PowerRating) posted its third in a row yearly loss today.