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Smith & Wesson, PetSmart Report Earnings, Jim Cramer Takes Profit

Jim Cramer says in our daily Action Alerts PLUS newsletter that he's taking profits--including with Honeywell, where his fund has notched gains of 15 percent. We break down why Jim's selling stock ahead of today's analyst meeting. Plus, PetSmart will report earnings--the company's share price growth has stalled as of late, but it was an outperformer following the global financial crisis. Smith & Wesson shareholders are locked and loaded for gains this morning--we break down the gun maker's big quarterly report. And we'll cover what impact global warming is having... on Chipotle. ​Jonathan Marino at the Nasdaq Marketsite, Wednesday, March 5, 2014.