Yesterday's unstoppable momentum continued today despite a steep pre-open sell off of Index Futures. Shaky job data and negative news from the retail front failed to dampen the optimistic spirit permeating the stock market.  The DJIA added 36.58, the tech heavy Nasdaq advanced 10.63 and the broad based S&P surged another 6.92.

Here are 7 stocks you need to know about for Friday.

Sometimes controversial clothing retailer, Abercrombie & Fitch ( ANF | Quote | Chart | News | PowerRating) is expected to suffer a 6 cents/share loss in its fiscal second quarter 2010. ANF reports prior to the opening bell on Friday.

Discount retailer, JC Penny ( JCP | Quote | Chart | News | PowerRating), is also expecting to report a loss of 1 cents for its fiscal second quarter on Friday before the trading day.

King Pharmaceuticals ( KG | Quote | Chart | News | PowerRating) just won U.S. approval for its so called safe pain killer.

Bank of America ( BAC | Quote | Chart | News | PowerRating) has filed a $1 billion dollar law suit against near dead Colonial Bancgroup ( CNB | Quote | Chart | News | PowerRating) to return collateral.

Wal-Mart ( WMT | Quote | Chart | News | PowerRating) is considering expanding to emerging markets and was able to keep profits neutral despite a drop in sales.

China Sky One Medical ( CSKI | Quote | Chart | News | PowerRating) has its eye on an EPS of 51 cents for the second quarter 2009 before trading starts.

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