Jim Cramer’s tackling the top headlines from Tuesday morning.
Home Depot’s Disappointment
Real Money’s Stock of the Day Home Depot posted weaker-than-expected fourth quarter earnings Tuesday, thanks in part to a $247 million charge linked to Interline brands division while forecast slower 2019 profit growth.
3:26 Macy’s Newest Plan
Macy’s posted stronger-than-expected fourth quarter earnings Tuesday and said comparable 2019 sales could rise thanks to a cost-savings program worth around $100 million.
7:00 Talkin’ Tesla
The Securities and Exchanges Commission asked a Federal court Monday evening to hold Elon Musk, CEO of Tesla, in contempt for violating his agreement with the Commission on his use of social media.
8:43 Amazon Taps Indra Nooyi
Amazon tapped Indra Nooyi to join its board of directors Monday, Feb. 25. Nooyi is the former CEO of PepsiCo.
According to Amazon’s SEC filing, Nooyi will also be joining the Audit Committee of the board.
Nikki Haley Gets a Boeing Nomination
Boeing announced Tuesday that it nominated Nikki Haley, President Trump’s former U.S. Ambassador to the United Nations, to the company’s board of directors.
Haley resigned from her role as the ambassador back in December.
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