We're awaiting earnings before the open from the Cracker Barrel -- the company is looking for $1.22 a share, but private equity firms have been looking for potential investment opportunities in the consumer restaurant space. Could it be time for the restaurant to look for a private backer? Also set to report earnings is Michael Kors, see what Herb Greenberg has to say about this hot stock. And Jim Cramer's action alert pick of the day is for Johnson and Johnson -- he's still holding onto his shares, even after solid performance by the company to start 2014. See what Jim likes from J&J's most recent presentation.

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