Target and Lowe's Lead the Retail Earnings Parade, Red-Hot EVs vs. GM & Ford in the Market Cap Battle, and Activision Blizzard Under Fire.

Carl Quintanilla, Jim Cramer and David Faber began the show with a look at how investors should view a new batch of retail earnings amid inflation and supply chain worries. Target shares fell despite a quarterly beat, but shares of Lowe's and TJX -- the parent of T.J. Maxx -- among the S&P 500's top performers in reaction to better-than-expected results. On the electric vehicle front: Should you buy Lucid and Rivian? Lucid briefly jumped above General Motors and Ford in market cap during pre-market trading but proceeded to fall along with Rivian. David provided an update on Activision Blizzard one day after the stock tumbled on a Wall Street Journal report which said CEO Bobby Kotick knew for years about sexual misconduct allegations at the videogame giant. Also in focus: Roku gets slapped with a “sell” rating, plus Why Cramer says a buyback is not a reason to buy Apple stock.