Also reporting earnings Tuesday morning was home-improvement retailer Home Depot (HD). The company announced that third-quarter earnings dropped 8.9% to 41 cents per share thanks to weak housing and home renovation markets. That was a nickel better than analysts' expectations.

Revenue dropped from a year ago as well, but the $16.36 billion in revenue was better than the expected $16.27 billion. The company also expects full-year earnings of $1.55 per share, which is better than the forecast $1.52 per share.

"I have four Hurricane Season stock picks -- two bullish, two bearish -- to play this summer's potentially wild weather," says Sean Broderick in his Uncommon Wisdom advisory.

"Last year's stormy weather spawned 16 named storms, which was higher than the long-term average of about 10 tropical storms and six hurricanes per year in a typical Atlantic hurricane season.

"The major hurricane forecasters have now made their predictions, and it's for a 'moderate' hurricane season. That's good news for America's oil and gas industry.

Home improvement retailer Lowe's (NYSE: LOW) said Friday its fourth-quarter profit fell 60% from a year ago, as consumers continued to shy away from big-ticket items, such as appliances and cabinetry.

Lowe's said it earned $162 million, or 11 cents per share, in the quarter ended Jan. 30 -- down from earnings of $408 million, or 28 cents per share, last year. Revenue fell 4% to $9.98 billion as same-store sales, a key measure of performance since it tracks growth at existing stores rather than newly opened ones, dropped 9.9%.