Happy Monday.

Heading into the first hour of trading, the Dow was down 327.96 points, the Nasdaq was down 105.14 and the S&P 500 was down 28.69. 

Caterpillar Gets Bulldozed 

Caterpillar (CAT) - Get Report posted weaker-than-expected fourth quarter earnings Monday and forecast a "modest" in increase in 2019 sales, sending shares in the industrial equipment marker sharply lower in pre-market trading, TheStreet's Martin Baccardax reported

The company is Real Money's stock of the day. 

Adjusted earnings for the three months ending in December came in at $2.55 per share, Caterpillar said, up 16% from the same period last year but well shy of he Street consensus of $2.98. Group revenues, Caterpillar said, rose 11% to $14.34 billion and were largely in-line with the consensus forecast. Caterpillar said it expects 2019 profit to increase to a range of $11.75 to $12.75 per share, compared to the Refinitiv consensus forecast of $12.73 per share.

"In 2018, Caterpillar achieved record profit per share and returned significant levels of capital to shareholders," said CEO Jim Umpleby. "Our global team remained focused on serving our customers, executing our strategy and investing for future profitable growth."

Nvidia's Weak Guidance

Nvidia (NVDA) - Get Report shares traded sharply lower Monday after the chipmaker cautioned that quarterly revenues would fall far short of analysts forecasts following weaker-than-expected demand for its gaming and datacenter products and slowing growth in China, Baccardax reported

Nvidia said sales for the three months ending in January, its fiscal fourth quarter, would come in at $2.2 billion compared to earlier guidance of $2.7 billion. The company also said GAAP and non-GAAP margins would be hit by charges of around $120 million, adding that after a number of deals failed to close over the final months of the year.

"Q4 was an extraordinary, unusually turbulent, and disappointing quarter," said CEO Jensen Huang. "Looking forward, we are confident in our strategies and growth drivers."The foundation of our business is strong and more evident than ever - the accelerated computing model Nvidia pioneered is the best path forward to serve the world's insatiable computing needs."

Howard Schultz's Run for President

Howard Schultz announced his candidacy for president on "60 Minutes" over the weekend. 

Jim Cramer gives his thoughts on the ex-Starbucks (SBUX) - Get Report CEO's possible presidential run.

Watch today's show and other Cramer exclusives below:

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