zoomed in. >> it's hard to see what it was a bit. >> now you're criticizing some guy's photography. >> unless you're a good 10 to 15 meters back you just think it's a black andual stripe van. >> on that note. >> on that note out of time that does it for "closing bell." >> "fast money" begins right now. yes it does live from the nasdaq market site over looking new york's time square this is "fast money. i'm brian sullivan in for melissa lee once again traders are tim speerm karen finerman, dan nathan guy adami the coronavirus spreads. the w.h.o. meeting again we hit up the cnbc. >> and big money impact. en the big winner on the session netflix nearly topping the tape. we'll tell what you sent investors streaming in electrified call, nothing to do with tesla a big upgrade that caught our attention today. welcome everybody, we get to that and more come up but lets begin with intel

the earnings were out. beat the street. the stock is higher. conference call just kicking off. lets get to josh lipton with more on intel. >> so brian intel beating on top and bottom guidance q1 and 2020 higher than expected digging in results ccg, chips for pcs, 10 billion better than expected dcg, chips for server came in at 7.2 billion. analysts were looking for 6.4 billion. had a chance to catch up with chris roland at susquehanna. easily exceeding a low bar the dgc business in his words was outstanding this quarter, driven by cloud growth his checks indicated microsoft was a buyer. broadly indicating he said that the big cloud giants, the amazons, microsofts are stepping back in here 4.9 billion in op ex more than preferred but bottom line this stock is surging in the after hours. for more on this name be sure to

tune in tomorrow intel ceo bob swan will be on cnbc on "squawk alley" with jon fortt. tune in for that conference call as you indicated kicking off right now. >> we'll call it a bob swan event. thank you very much. lets trade intel pc shipments up, guy adami. data center shipments up loolkts a good quarter but the stock is already up. i wonder if people bought into it. >> a lot of the chip names have had a big move the reason to own intel i think tim talked about this, valuation. and valuation i think is as compelling as it is now in the after market as going in given the first quarter guide. the first quarter guide on eps and revenue is extraordinary but the one thing that i looked at and said wow is operating margin guide they guided for 35% operating margins which is about 15% better than the street was looking for, coming in at 30.3%. the product mix is getting better despite the fact that it's had a

significant move not only in the last hour but over the last couple months, stay with the name. >> what's interesting also is when you think about the upgrade on the guidance you think about the things that were issues in terms of execution, supply shortages, the 10 nano meter and may have helped with mix with data center in the last quarter reported and the beat may be the tail nds may be giving people more confidence. execution was a big deal for a company that ran a long way. but it had been underperforming the group. the question is do you beat up on amd on the back of intel strength i'm not sure. >> massively underperforming you think of the sm is the h up 65% last year. intel is up 40% off august lows but only up 20% on the year. underperformed the s&p and nasdaq and peers the setup coming into the week was interesting. most analysts rated this a hold

or sell. jeffers upgraded tuesday from sell to hold which sound like a table pounder or anything. but they highlighted some of the issues you mentioned, some supply constraints that stuff, valuation. also noted the fact that new management bob swan now the ceo may be the potential for restructuring. that could be something in 2020. the stock is below the all-time highs there are nom not megakwap tech stocks below the all the all-time highs $76 was that i suspect this trades that first half of the year at some point. >> you think ha multiple expansion here. >> 13 times. >> which is by the way half of texas instruments and almost a quarter of the price to earnings trailing of course of amd. >> i mean just so you know real quickly i'll kick it over to karen. the jeffrey a analyst said they divest the memory business there is things they could do to get the earnings growth going. it's been low single digits for years.

that's how the stock is rerated. >> amd up a bit after the hours. i don't know if it's a share shift back to intel. the run amd has had is -- >> shocking. >> right i don't know i have to wonder if intel is better from here than amd. >> amd is now trading at 44 times trailing earn earnings, intel 13 times that's trailing earnings but on almost five-year metric intel is still below the averages on price to earnings, growth, everything to cash flow. but it's closing in. doesn't appear cheap >> doesn't appear cheap. but the discount -- it's kind of apples and oranges first of all when you consider intel is diversity of the business and different parts of the chain that they're in in the chip space. but if you think about the performance and somewhere where intel was getting punished for execution issues where amd is looking like they're in the sweet spot of the high mix and

the valuation differentials don't make -- i don't think it's worth talking about them but it's worth talking about that intel was being punished on execution. and this means we're getting a turn around. you have the ceo further in place. that's something the market wants to believe. >> i agree again it comes back to that guiding operating margin means the product mix is much better not unlike a couple days ago when i butchered her name and ibm in terms of the turn they are making you can absolutely own intel at these levels it's not an indictment on amd by any stretch. it means intel might be catching up. >> i got da call from gina rometty's people. >> i didn't say roman etty i'll give you the gina but thank you. >> here is the thing the analyst community the average price target is $4 below the stock now. they're saying it's over with you, you maid the money orp have to see the new round of analyst

upgrades. >> they have to -- i think we will see upgrades. clearly up $4 in the after hours that's a lot having been up a big run going in. >> dan thinks we see 76. >> i think you broaden the conversation out a bit we had guidance from tsmc. we know there is excitement about the 5g upgrade cycle obviously intel without the mobile business that's less of a thing for them more focused on other businesses but you think about when you have guys like microsoft going in buying data center again. we know there is a massive cloud war here this is something that intel was not well positioned for. misexecution as you called it over the last 18 months or so. and they paid for it in underperformance is the stock cheap trading well below a market multiple and the peers especially when the higher growth names that took share, you know, i just don't know. i mean, listen if you get it to 76 hypotheticalically and you

guided eps for 2020 up 10% -- i don't know the number. you can see it at 15, 16, still below the market multiple. >> i like how you broadened it broaden to texan too into the analog chips and talk about this more excitement about industrial things and things that were not so good. is this a read through to the economy, ceos now exhaling a bit on confidence? i'm not one of the people that thinks the trade war signing change the economic focus of the world. i do think we heard from people throughout the network ceos talking about more confidence post trade deal maybe that's part of what you are getting. >> the same guy we were mad talking about tesla so much. probably saying why are you talking about intel? i should spay it's a member of the dowen a sixth best performer in the dow even if you don't care about the overall market intel's call is now under way. josh lipton is listening in. if headlines cross he will bring

them to us or we bring them to you. either way we all benefit. we are getting started on "fast money. up next, netflix making investors a lot of money today why the sudden pop there is a reason. we'll dig in but fear is growing as the deadly coronavirus spreads the latest impact of the biggest three threat as always live from the nasdaq times square and back right after this alexa tell me about neptune's sorrow. it's a master stroke of heartache and redemption.

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we are following new developments on the coronavirus outbreak fierce mouning globally as the virus spreads. we have full team coverage standing by. contessa digging in on the casinos. lets begin with new numbers on the outbreak for that to meg tyrrell at hq. >> well the numbers are climbing by the day now more than 650 confirmed cases and 8 deaths more countries reporting the first cases including singapore and vietnam. still just one case confirmed here in the united states. now the world health organization warned today it's likely there will be more international cases and said all countries should be prepared for containment. still it's emergency committee after meeting for a second day

stopped short of declaring the coronavirus a public health emergency of international concern. citing limited international spread thus far. some chinese cities and locked be chl transportation in out of wuhan where this decease originated last month has been severely limited other cities imposing restrictions, all in affecting about 23 million people. w.h.o. declined to weigh in on the actions. but encouraged china to continue openly sharing information more broadly it did not recommend restrictions on travel and trade. questions remain about the virus, including just how well it spreads between people. the w.h.o. committee said about a quarter of confirmed cases are reported to be severe. for some context as the case count tops 650 with 18 dead, here is how that compares with previous coronavirus outbreaks sars and m efrmt rs sars athenaed more with a mortgagorlety rate mers affected fewer than sars

but the mortgagorlety rate higher. >> meg, thank you very much. the world is obviously watching in very closely, karen this is a big deal it's -- i don't want to say contained. so far the numbers are fairly favorable. i think it's fair to say give. the risk of this outbreak. but the market docent seem that bothered by it visa vee the vix and what stocks are doing. >> right, the vix isn't. but luxury stocks have been going down a lot today i bought yummy china today. i don't trade around a lot but it's worth 10% less than it was january 17th before this started. that seems aggressive on the downside very aggressive. so i mean we've seen it before seen it with sars. ebola, with swine flu. these things do generally pass other than the 1,300 bubonic plague they pass so i think there is opportunities out there that i think we'll see them quickly bounce back.

>> hard -- it's hard to say -- i'm not suggesting i know it's candy but the other side you can't come out and say categorically that it is but to karen's point, i mean it's extraordinarily difficult to trade this. you're not trading the broader market around it but individual names have been taken out to the wood shed to the extent she talked about make sense. you can. but if you are trying to game the broader market, i think it's as hard as the game is you made it harder. >> so there is the new in the macro. now digging down a bit perhaps starteding with the most exposed secretary forecoronavirus, that of course is travel. a lot of individual stocks there really have been hit hard. seema modi stroing us with more on this side of of the story. >> news of the virus spreading not good news for travel industry that has enjoyed a rising demand from chinese travelers around the lunar new year in 2019 travel within the mainland jumped 8% in the two-week period around the holiday season according to government data now analysts warn the travel

restriction and fears over getting infected will likely disrupt travel the question is to what extent shares of travel operators booking holdings sea trip are down in trading. the cruise lines investing in china the past couple years under pressure of the three sun trust analysts say royal caribbean has the highest exposure to china accounting for 6% of the full-year capacity carnival is 4% to 5% sun trust says while travel stocks sell off following the health care. no most instances they rebound about one to three months after. experts say it depends how fast the virus spreads, how long it takes health officials to contain it and, you know, at the same time the impact it could have on the chinese economy, brian. >> seema, thank you very much. lets talk about and trade maybe some of the names, dan. >> it's interesting. so we just talked about how it really shouldn't have a huge

impact on u.s. stocks but obviously multinationals she mentioned. it's affecting the chinese stocks shanghai down 3% last night. what does it mean for economic growth in an important, the chinese new year who knows. this might be the lowest gdp print in 2020 for mcin decades below 6% in year not good timing and the longer it sticks around is the longer you have uncertainty and the consumer is the issue with debt levels in china. to me this is not the sort of story. it's not fitting in the bucket you want it to fit in it's lingering. >> historical context op mcand travel cathay pacific was a name i traded in 2002, 2003 the stock on the announcement in fall of 2002 fell 20%, 25% before a multi-year rerating that was a catalyst realizing this is not the issue it is. don't want to be insensitive to the potential tragedy that could be out there

but i will say if you look at the travel stocks overall, look at bookings, the biggest name in the bunch as far as i'm concerned, they are expected to grow mid-kind of upper single digits and the room night lodging supposed to grow over 10%. buying back shares if you listen to cow which had this as a top idea for 2020 this is a name under appreciated. a lot of the travel stocks have done nothing which made them vulnerable on the news. >> and we talked on the exchange rca royal caribbean the analyst said 8% of the revenue you is tied to china. it's not just hotels could be airlines. cathay, which doesn't trade in the u.s. also dealing with hong kong unrest which hasn't gotten a lot of attention china to your point is facing the hong kong threat, the trade war and now this. >> more persistent, the hong kong threat. >> it's still going on i mean nothing is resolved in one of the key financial markets

in the world. >> right that to me is more of a drag to me, i also think even if travel stocks report a bad quarter, i think that people would just look through it they'll get a pass. >> on the streets of hong kong if this spreads to hong kong they're in the streets back in sars there were administrators of cities kicked out and stuff like that. depending upon how this thing is felt, it's being dealt with that's another issue but there are other ways to play it too i want to mention a name today up 4%. jet blue they had good results petition li they don't have the exposure as a lot of the major u.s. carriers. pretty much domestic no boeing exposure that chart i don't know if we have a five-year that broke out of the five-yeardown trend looks like a rocket to me i think consensus was for 238 in eps guide alleged to 2.50 to $3. >> we had a analyst on yesterday

suggesting southwest could make a bid for jet brew and they complement each other but southwest may look tody vees away from the 737 pl you can do that by buying the company with airbuses. >> the industry could see consolidates southwest ceo talking also about the dynamics could they go to an airbus plane but i think a lot of in is certainly all in the mix i think also look at the chart -- we are talking about energy later charts and oil and copper and anything impact on global demand anded to dmodties falling here and i -- i think right now, i would be watching for being overdone. >> okay. now lets get to another group hit hard this week that is the casinos. macao on high alert. a second person infected with coronavirus. more from contessa brewer with the fallout on these stocks. down 8, 14, 15% this week.

>> looking at melco down 15% macao was hoping for a booming business over this major holiday. instead now it identified the second case of coronavirus cancelled large public innovations. the macao government order the casinos to put on masks on all customer facing employees and air lifted a marilyn delivery of face masks in the region though the casinos do not reveal the cancellation information for this week, one pointed out to me that the majority of visitors come from beijing or guangdong where there has not been the outbreak mgm is proactively following government regulations vigilantly enacting hygiene pl they are prioritizing the health of their guests and of their employees, all the casino stocks in macao have taken a hit this woke mgm did gain back more than a percent of ground today.

still the gaming analysts i talked to expect share prices to suffer more before they're on the mend the question is will the week's impact stretch on be enough to impact the quarter results brian. >> we'll find out contessa, thank you very much. anybody on the desk buying any of these casino stocks on this week >> no we talked about this earlier in the week and wynn resorts topped at 150 in the spring over the summer we said it's been in a strain from 105 to 150. held that 105 level. we talked about getting back to that that level. and that happened. despite it's got from 150 to 139 appear where it is in a straight line i don't see any compelling reason to buy this stock into earnings at the end of the month. the answer is no. >> i do think that the expectations onomah: going into 2020 weren't high. i think the bar was reset. there was some regional headwinds that are there and the comps are relatively easy. so, you know, going into this

tragedy or to this event and these headwinds i don't think the industry was priced for growth therefore i think, you know, again, we think at some point this is going to get past this point where the things are trading on in a moment but rather on longer term fundamentals and get very interesting >> we just don't know how many people -- lets say the casino is 25% full some people still go and it's 25% full for two weeks. and then it's over and then they get full back again. the revenue loss may not ultimately be that great if it gets more serious it will. but yet the mechanic especially melco almost entirely in that region is got getting crushed. >> i think that's true this is one you can trade around going back to wynn as we get for the market that seems vulnerable here why get in front of it now when you can wait seven or eight days that's the way i would play it. >> good stuff contessa

thank you. more coming your way on "fast money. here is what's still on top. >> announcer: a bold call on bitcoin. one top wall street strategist sees it doubling by year end he tells us why. and later, your call of the day. this stock seeing some electric returns following a big upgrade. we'll bring you that name. and as always, you can watch or listen to us live on the go with the cnbc app isert money" is back right aft th whatever happens out there today, remember, you have the hilton app.

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well even the dow ended lower on the day overall it was a record day on wall street. the nasdaq closing in on yet another new high now up nearly 34% in 12 months but it's not just stocks getting

bought this year bonds have caught a bid recently because the buyer's yields moved down the 10-year at 1.73% lets talk about this and cryptowith tom lee head of research at fund saturate, global advisers. stocks up, bonds up. gold's up. real estate's up how? these are great questions. >> yes i think it shows that people may have owned too much cash in the past two years and now. >> somebody had a bunch of cash sitting around, a couple trillion. >> the federal reserve. >> not just central banks. i actually think there is money flowing in when he we see the tick data we will see foreign inflows into the risky assets in the u.s. as well the story looks like risk ream yummy shrinking. continuing of last year pe multipling expand. >> we have have been talking about guy adami talking about.

any way to quantify how much of this run is central bank driven? if central banks weren't easing, lets say the fed kept rates where they were, just reversed the december 2018 cut but nothing else, where would the market be? >> i think markets would stall maybe not because fundamental flows would stall. but i think perception would change and people would pause to see how things would unfold and therefore stocks would stall. >> i mean, the growth of the balance sheet -- i mean it's historic bush -- dsh but balance of sheet of fed larger than ever in history in an environment where according to people in the administration it's the best economy ever why are we taking emergency measures in a situation where -- what's the emergency >> yeah, i mean, i sympathize with that view, because, you know, at this point in the expansion government debt should be shrinking but i think there are problems outside the u.s. i think the central bank is still carrying the weight of the world. that's why we have the

accommodation. for the moment it's good for risky assets good for the economy. >> but in terms of asset allocation, tom, is the thing to do here -- it seems the megacaps are catching the large basket of money. do you stay in the trades that work -- google is not a difficult valuation. apple is not a terrible valuation. relative to itself it might be. but how do you play this or do you go to under performers because they under performed. >> i think there are two themes you can play this year one is the pmi recover and you want to be long the teb, the industrials, that cyclical trade and really led by tech but the other is risk premium coming down. stock equity risk premium to bonds is elevated. and you want stocks that have high risk premium. health care is the cheapest on that basis. >> back to the bonds, though for a second last summer when we saw the 2/10 yield invert obviously the fed fixed that that was an issue. and the 10-year treasury go down

to multiyear lows. had the bounce couldn't get through 2. heading back now it's breaking the uptrend it had been in since the summer if you were to see that yield curve flatten again, are we having thesame sorts of concerns, especially after all that easy money we had in the last six months or so? is it really speaking to just really that the growth is not there and then when you talk about these risk premiums that maybe they're just getting too elevated. >> yeah, i mean if the curve flan flattens or inconverts, it's bad stocks will tumble or have some stumbles but i'm not surprised yields are kind of falling. because with coronavirus i would imagine people are doing some risk off i think people made a lot of money last year. i'm more attributing this to sort of potential risk because this could be 2003 sars again. >> when you talk about industrials are you looking for u.s. centric or u.s. contained industrials as opposed to

internationals. >> yes, i think it makes sense you should see the short-term effectiveo effect from the quarantine and slowing trades. basically materials may be hit harder but with industrials they do well when the pmis recover we are anticipating a recovery in the ism of 50 guys like dover. maybe domestic less aerospace. >> we talked about doefr last week. >> sure we did. >> the all-time high -- go back to fonzy to see the last time. >> which is where people go back to, that reference. >> where is inflation? the fed is pumping money at the problem. we still don't have real inflation above 2% we haven't forever are they going to keep going until they get that inflation target because at some point you either just give up. >> yeah. >> or it's going to double down. >> i mean, i would say anchored inflation expectations will take a long time for people to start to think about inflation

it should start to rise year because labor markets are tightening i think for 2020 it's less of a doctor dsh part of the calculus for investors which means the fed you know might be easy longer than we need to to be but that might be the problem in 2021. >> quickly bullish on bitcoin. >> yeah, 2020 should be great for bitcoin, because you got number one the block rereward for miners cut in off. i think last year the white house killed the bitcoin rally with the opposition. but with the presidential election cycle under way it's not going to be in the headlines. that's bullish for bitcoin and then with geopolitical tensions in the middle east, i think that's good for crypto so should be a lot of tail nds we are getting more interest clients. >> you are seeing more interest. >> yeah. >> tom, a real pleasure. >> great to see. >> you guy adami people are criticizing you and everybody else for saying it's the federal reserve. it is the federal reserve. at the same time it's just benefitted people and at some

point even the biggest fed haters in the world, the had jekyll island rejecters have to at some point acknowledgeage say forget it -- >>ky add to that second part of the question. >> yes. >> what did you think of chuck of happy days. >> he had a brief stint, he played basketball went to college and people raeltzed you know we don't need chuck and ritchie. give it to ritchie let joany play a minor role. it doesn't the matter the reason the stocks go i higher the money in the account is as real as going up for the right reasons. but at what cost where is inflation, it's in everything we talk about every night because asset inflation in here i'm paying for education health care is through the roof and technology is the most deflationary force in history and dealing with it now. the fed is fighting the wrong enenemy.

inflation is everywhere except where they look for it in my opinion. >> tom lee will agree with me. if the 10-year breaks the double bottom low from 2016 to last summer i think alarm bells go off. >> if we get close to that we'll have had alarm bells 1.36 to 1.40. >> when it broke 2% last year went straight back to the low and held only held because the fed got in there and they cut rates three skeskt meetings, starting in july 31st. then started buying you know $100 billion a month in treasurys. >> i share the frustration and not saying that it couldn't happen i'm telling you if we challenge even 1.50. we have structural issues that are not here and now and i realize we all believe the fed greased the rails here and certainly the coronavirus could put headwinds in the global growth forecast but 1.35 to 1.40 tells you we have bigger problems. >> still ahead crude oil hit

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well back to "fast money." shares of ge getting a pop following a big upgrade. it's up 3.5% the call of the dap. morgan stanley bumping to overweight seeing a budding turn around in key sectors. says you don't need to worry too much about the 737 max crisis. ge built the engines so guy do you believe that a budding -- i want to get to tim too i know he owns the stock and likes it do you believe that a budding turn around is in store on a stock that's already at 40% on the year maybe the budding turn around thesis has been bought into. >> a lot of people -- steve grasso comes on at 20 and 20 think it's going to $20 in 2020. but i respect morgan stanley por putting it it out ahead much earnings on the 29th a bold call. but you are in the infancy stages of the turn around. to your point you had a big

move turning around the power business takes more than one or two quarteringos i don't think they are there yet and the stock is a bit ahead of itself into earnings at the end of the month. >> it certainly whenever the stocks is making a big move you can have the debate, whether it's ahead of itself there is a lot to fix here but notably the balance sheet. and if you think about the aviation business it's the crown jewel, the one thing working you think about the power business it's a disaster and it's a cash flow surking sound you hear out their power business in terms of visibility into free cash flow, that's what we need to hear out of the company as long as you get a sense that mr. kulp and company are slowly improving, the stock goes higher. >> okay. good look at ge. it was your call of the day. now lets talk about netflix. netflix today was the second best performer in the nasdaq 100, missed the top spot by a skoech half a% to credit ricks systems. netflix up 7% today.

best performance since june of 2019 stifleo stevele analystist talking about the ability to grow with the competition. is it one our betting on. >> tom rogers was on -- what did you call him. >> he is a stud. >> he is a sudden stud i was skeptical about some of the international growth he took me apart on email. in a very friendly way in a systematic way talking. >> happens to you a lot. >> a little bit. but pricing trends in western europe where they have this pricing power to get to the sort of ad revenue peruser we talk about in north america and some places they can grow listen he has it down. he made the case the other day i was skeptical. today investors took tom rogers side on that i give him all the credit in the world. to me i don't think one day that was a bit of a short squeeze i think investors got off sides a bit. i think these issues will persist in the near term. >> you think today was a short

squeeze. >> a bit. >> unrelated to the. >> ever at call we didn't think the subgrowth was particularly great. the stop traded up a bit by the next morning trading down traded down 3.5% op the day. to have the reversal intraday off the comcast data that didn't seem like a -- >> but wouldn't there have been -- day before wouldn't it have been short covering or do you think shorts were saying i'll let. >> and the news karen references is that comcast the parent company had the earnings today overall good but in the numbers were subscriber loss on the video side dan, correct me if i'm wrong led people to believe that maybe people are sticking with netflix. >> where did they go right. >> forget tom's brilliant argument about international growth and he is on it my smu is the here and now they are not growing in north america. all the best content is leaving. any had a price increase a year ago. spent $15 billion. 3.5 billion more than cash flow terms. so that was the bleed last year.

so this year they're spending 17, 18 billion losing marvel, all the disney, all the other stuff. losing the office. at some point they are going negative growth in north america and that will be the story that's one of the reasons the stock has been underperforming. >> i agree with all of that. my issue with the company is doesn't make money and i don't see how it makes money in the short term with prize brycing pressure and content spend but they had the tune to get growth with subgrowing growth. while you have apple out there disney in the game, everyone bringing gun forward december 4th disney records reports and we see the subnumbers again this could be another catalyst for netflix. i'm not changing my tune on netflix. i don't think you need to own the stock. but look, reed hastings is not to say i'm scared of competition. he says the move from lynn yap yar tv is helping us all and plenty in here for. >> with the comcast predicting

maybe weaker than prediction for subscriber growth they said. i guess the idea is everybody else sticks with or goes to other ones but to dan's point and see necessitating a 7% move in netflix? a couple of comments from comcast. all right. coming up. is your portfolio losing a little energy? if so stick around because the one oil name you might want to own even as oil came down in the last couple weeks. later american express is slogan used to be make life rewarding but is it rewarding if you own the stock? don't leave home without us. we'll be back after this

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oil hitting the skids today. down 2% coronavirus fears out impacting global growth. two things behind the drop for more on what it might mean for the energy trade and maybe parts of the stock market lets go off the charts with our friend todd gordon with assent welt partners. >> look being at crude nothing positive in the chart. range bound market slammed in the mid-60s heading back down. a deflationary trend going with the bond market acting so strong maybe a strong dollar.

i don't see much to push crude higher i'd like to focus on the weak secretary ner energy, xop, oil and gas exploration. there is a lot of natural gas influencing here natural gas breaking to a new four-year below. below the 2 handle we have a failure it at 200-day moving average hanging on for dear life at the $20 region. that's vulnerable point. take xop make a ratio into the energy xle you see the the xop underperform energy no touch here. one of the names that was formal a strong relatively speaking stock was eog. it's begun to roll over. failure at the 200-day if you do a trend line there, do your perfect parallel, again we have collision at the channel. 200-day starting back off here i don't like eog

if you must have some energy exposure look atkinder morgan. we reported earnings, kind of missed but good news in terms of investments next year. 2.5 billion going forward. so i like the stock here we have begun to push up i added it to my personal portfolio here about the $23 mark we might have room up to 27. kmi looks good after earnings report there. >> but no touch on xop. >> if you want to short it, perhaps. but in whole value -- this value argument that energy has been underperforming for so long and it's a compelling valuation. it's weak for a reason i would say -- go no where near it other sectors moving under performing the s&p energy, energy underperformed the s&p by 37%. for me i'd wait for technical evidence, compelling reason buyers to step on a thesis to say the energy trade is back. >> with esg vechg growing i don't know if the buyers are

coming bab thank you todd we haven't even talked about it. but the -- tim there is a libyan war lord shut off all libyan oil exports. they are not huge. couple hundred thousand. >> it's a major zplie disruption. >> and oil continues to fall even before the coronavirus fierce it was falling. >> even with a draw today. right. >> inventory. >> inventory draw as expected. >> two weeks ago i did a thing on the exchange where i just did the math two to three billion barrels in storage in thewell world two to three billion. >> we spent a couple of weeks ago around the conference and the goldman event talking about the fundamentals for the companies. conocophilips is down in in run. trading near the bottom of the range and oversold this is one of the smarter company with a long-term plan in terms how they handle assets and not overinvesting in the sector.

congo and chevron those are the best companies, balance sheets i think you are not overextended. >> and we had the ceo of chevron on the conference said i'm not increasing capital spending remaining fiscally disciplined whatever happened to the price. legendary terrain in telluride,

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final trades tim, kick it off >> bookends travel stock i think the upper single digit eps growth is enough here. i'd buy this stock >> karen >> yes talked about it earlier. yum, china i think it's overdone. i think it's worth getting started. >> tlt

up there at 150. >> brian, you're playing hurt tonight. we all respect that. you're a pro we talked about jetblue last week, broke out today. i think that breakout will continue >> thank you everybody, "mad money" with jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach. call me at 1-800-743-cnbc. or tweet jimmy chill @jimcramer. ♪ hallelujah unless