Are you worried about the market selloff?
The market opened with the Dow down over 400 points on Tuesday morning.
During morning trading, all major indexes were in the red.
Jim Cramer touched on a multitude of subjects for investors wondering what their next steps should be.
Target (TGT) released earnings Tuesday morning.
TheStreet's Martin Baccardax reported on the earnings.
Target said adjusted earnings for the three months ending on November 3, its fiscal third quarter, came in at $1.09 per share, missing the Street consensus of $1.12 and rising 20.2% from the same period last year. Group sales, Target said, jumped 5.4% to $17.59 billion, matching analysts' forecasts, but noted that same store sales grew 5.1% compared to a 5.2% forecast. Target also said its third quarter gross margin, a key metric for profitability, fell 90 basis points to 28.7%, thanks in part to higher supply-chain costs as part of its drive towards digital sales and rising wage and training costs.
"We've made significant investments in our team heading into the holidays and they are ready to serve our guests with a comprehensive suite of convenient delivery and pickup options, a wide range of new products and unique gift ideas and a strong emphasis on low prices and great value," said CEO Brian Cornell. "We plan to leverage our current momentum into 2019, when we'll achieve greater scale across the full slate of our initiatives - creating efficiencies and cost-savings, further strengthening our guest experience and positioning Target for profitable growth in the years ahead."
Jim Cramer gave his thoughts, reiterating what he had tweeted out previously Tuesday.
Thoughts on Microsoft?
Twitter user @texaspetejerry sent in a question about Microsoft. He was wondering what Cramer's thoughts were on the software company.
Cramer said that he likes Microsoft (MSFT) , but he wants to see the company come down to $99 before buying.
The company was trading around $101 on Tuesday morning.
Got a question about the market? Reach out to @KatherineRooss on Twitter or email her at Katherine.Ross@TheStreet.com for a chance to have Cramer answer your question.