Retail Rollout Continues, Fed’s Neel Kashkari Slams Crypto, Robinhood Preview

Carl Quintanilla and Jim Cramer began with a breakdown of the latest retail earnings as Target, Lowe’s and TJX Companies all reported before the market open. Although Target and Lowe’s both beat analyst expectations the stocks moved in opposite directions, with Target shares in the red. The anchors also discussed Minneapolis Fed President Neel Kashkari slamming the crypto market, saying “Cryptocurrency is 95% fraud, hype, noise and confusion.” For Cramer’s ‘Mad Dash’ he highlighted the growth in Nucor with that stock up more than 150% over the last 12 months. Also in focus: Big earnings to watch after the bell with Cisco, Nvidia & Robinhood set to report. This will be the first quarterly results for Robinhood since going public.