You guys are crazy (not you Soft Enerji).
Ok, for more info on audio wave form scaling see this help file...
http://www.cakewalk.com/Documentation/default.aspx?Doc=SONAR%20X2&Lang=EN&Req=EditingAudio.13.html So... reasons for using gain or normalization can include 'gain staging'
http://www.soundonsound.com/sos/sep13/articles/level-headed.htm Gain staging is really the main reason to use the 'Gain' nob, thus the name. :-)
You can bring up the levels into your FX and etc so you can mix well.
Keep in mind that you also have Gain nobs on busses and they can be turned down as easily as up. If you are clipping slightly on the master bus, you can turn down the master bus gain a little to solve your problem, rather than re-setting the levels of all 100 tracks individually.
Normalization has less justification, imho. As I described in my post, if you are doing gain staging that you want to stick, you might try auditioning the tracks dialing in gain and then apply normalization to stick that gain permanently to that tune. (specifically, listen to the track noting the loudest moment during the tune when the gain is set where you want it. If the loudest moment is -2.5, then normalize to -2.5 and remove gain adjustment). Then you can set gain back to 0 and if you return to that section of the recording, you're good to go. This only applies if you try mixing multi-track recorded concerts in an efficient manner where your goal is just to bounce out that tracks and you don't plan to spend a ton of time on it. If you are going to really polish each track, you're better off breaking each track into separate projects.
I have a video in my signature walking you through some of these ideas in a way that I think of it.
If you are only mixing one song per project... your friend's stems only apply to a single song... then you probably don't really need to normalize anything. Keep in mind that you don't have to normalize so that every available bit is used during the loudest moment of the selection. You can normalize to -3 dB or any other amount you choose.
Cakewalk FX (and others) often emulate real hardware... thus, they permit you to overdrive the hardware, just as you could in real life hardware. For that reason, you don't usually want to normalize to 0 (as loud as it will go). If you do, you will send the loudest possible signal into your compressors or EQs or whatever and they may distort for you on purpose... like that's what you want!! So back off a little. Use the gain nobs and listen to what you get back from the compressors and EQs and etc.