i know this is "fast money." >> jeff mills. >> play a little defense with cigna here. the chart looks good. i think it holds welcome to mad money. just trying to make some money. my job is to teach you, call me or tweet me. beware what you

wish for. on my career i've seen moments like these. were everything was on the way up to even wauseon way down and yet the latter fear proves me wrong. to set up a happened today when they closed down, now they gained 1.75% even though it was really ugly of the opening. let me give you some specific examples about hearing the same thing you will want typing for. this is not a heads or tails win lose game. this would camp down business investment and first of all we were told they were heading to recession and that was bad. now they have fallen to 2.8%, the same story, means they are going into a recession.

you can't have it both ways. can't be scared of higher rates and lower rates. they become more attractive in comparison, they will find it cheaper to borrow, credits easier and of course it is a sign that it is winning the war against inflation. that is good news. not bad news. don't be afraid to say that. remember when we were worrying about commodity inflation? they traded 5199 in march. resources, really a proxied for 4590, less than a month. these are full-scale, lumber, nickel, all of them crashed. today, finally they got to the company's. broke down under $100. there was the city guide just before us saying the crash is imminent

right in our face and i are senate president biden is angry that the price hasn't come down to but it is only a matter of time. politicians have relentlessly laws that make them impossible to build. so, gasoline is going to come down. i bring this up, though, because we have every dollar as oil climbed over 120 and now we're fighting over every dollar on the way down. they cannot have it both ways. cheaper gasoline is good for nearly everybody because it is impossible for the system. as crypto currencies rose we were told there were stores in value against inflation that they began to skies and we started to wonder whether it was one giant craze. people began to rant about how they were and the stocks fell, these things fell much harder.

they turned out to be not anything. again if you dislike speculation , it is good news. you can't about how these were surgery and be just as bummed if they are falling to the floor. that is exactly what they are giving us. most important let's talk stocks. last year we had literally hundreds to be treated raising billions of our hard-earned dollars. the idea that we had zero ipos is positive. positive for existing stocks.

now people whined that the lack of deals is a bad sign. give me a break. plus when companies buy back stock it is positive, not negative. finally, i can tell you is if that is the price for multiples have been smashed, just smashed from the way down and it is because of the companies themselves, they have that many, they had hard earnings as a translate into weekly results for companies overseas. a sure sign again. everyone hates it so much they could be winning. i expect them to be mixed or next to negative. a little less to the internet

things they are telling us which are still very strong. right before the disappointed where it was reported last week. initially after reported they dropped a couple of points. it didn't drop nearly as much of you would've thought. then we interviewed and he pointed out some pauses including most important lady that he felt they were nowhere near the kind of decline in earnings that they've seen in previous downturns. they recognize they have shifted much more into enterprise and the consumer. now, what happened? the stock rallied immediately. it rallied back to where it was and they finished and had three books. that move actually helped ignite a rally throughout the

entire technology group, when that might have some by shutting up and not cutting price targets., one hand weeping stocks might be too expensive. on the other hand the ones that come down can now balance some bad news. there are so many stocks that are so low, they just might not go down when we hear negative forecast. again, you can't have it both ways. there either one or the other which is why i think it is the real thing. is not to cheap. we should like the stocks that now sell at historically even record-breaking low valuations and recognize that they have gone to great versus the fundamentals given the fact that interest rates are coming down, not up. the bottom line! we could bounce around here doing nothing, digesting that but we can't act like they had

no requirements and stocks haven't gotten cheaper. in fact there is no group out there, that may be enough to justify thinking more positively about this. anything about stocks, they do still get cheaper as they go lower. provided there is some quality to our business. >> hey, i had a question, one of my favorite stocks for several years now, now you're sitting under 100. the short-term and long-term. >> i think that you are up against the amazon of the world now and i think that roku come all the money overlearned during the time of covid and so now it is going to have to pay the price.

let's go to new jersey. >> what's up? ford motor company, their 20 month sales demand, earnings, innovations, electronic vehicles are all looking picture-perfect or almost picture-perfect. the stress line has been deviated against snp and as you know there are recent reports within the next, by 2030, we will have a huge shortage of private charging stations. how do you see ford playing out? >> we sold a huge amount for travel trust and we are itching to buy it back. i am in disbelief video 3.5% and it is getting out of every single one of these cars or trucks that doesn't make any money and it has a very good business. it will be even better when they start rolling out the lighting.

i think it feels like my condit coming into today's session. stay with kramer.

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>> a lot of this was encouraging. still, the latter half of the year is worth looking back to see where we came from. this is how we take the temperature of the mark. down more than 20%. dow jones industrial average at 15% and of course nasdaq was ground zero.

you don't need me to go through the rampant inflation. the war in ukraine sending oil and food prices skyrocketing and lockdowns bidding processes on businesses messing up supply chains. when it comes to border stock, adjustments are too high and it could be rough. still, we have a new template just this morning we have more microns ahead. they have gone to cheap and provided the outlook has tempered somewhat by what can happen in the second half. i still think it is worth doing a deep dive. get a better sense of what actually worked. let's start with the dow jones industrial average. the companies that make real things or provide real services and return stock dividends and buybacks to you.

you don't get to join this index unless you've got a certain pedigree. they tend to be mature companies patronize dividends which is what protects you when it is tightening. it is pretty good comparably although 18 of them were down, so, what do we learn from the biggest winners and losers? it was the only energy name, chevron of 23% even as the stock tanked four weeks ago. it's now pulled back so hard. they will have more oil and gas later but for now you just need to know it is time to get selective for the highest quality names and best dividends. we kept most of our position because they still like the company. they have been feeling a little bit worried for this although i like some of the smaller ones because they have bigger dividends and you will hear about them later.

this pharmaceutical giant but really the better rotation and companies with dividends. even after this move it's so 3% yield. that is exactly they are supposed to own at this point in the business cycle unless rates continue go down and then it will be discarded. up 8%, one of the more mature biotech's out there. this one is a little tricky because while the next couple of years looks pretty good, they are taking some big expirations from 2025 through 2030. so right now investors care about the immediate future and there's a lot more they can do. this is not my favorite but i can see the appeal if they want something defensive. the only insurance company also updating, the stocks tend to perform well because people don't stop paying the premiums just because the economy is

doing worse plus these guys have big policy money and it means they can earn a better risk and return between the short-term that have a much higher yield than it did before. even though i thought results were okay. i think you might be better off for the brokers. i think they can stay up here, coca-cola come up 6%. i have kept that on the table all your. but those costs are now starting to come down. they are really much more open than the old coca-cola.

it is like the disney bloodstream businesses is all that matters. and they made a very big commitment to a down here. second, and likely down nearly 39% in the lake of a poorly received report that i did not think was all that bad. at the time a lot of this comes down for china, now that they are reopening i think it is safe to start building the position right here. another name we know well down 35%. for the last seven months they have been allergic to that. this thing still feels like a prisoner doing the annual dream

force conference sale. we haven't had one in two years thanks to covid. that changes in september so you might want to buy some ahead of dream force. i haven't said that in years but it is going to work i think. the stock is almost never the sheep. it really comes down to two things. investors are worried about the housing market thinking and they also had the garden season, that was all weather related. still, their numbers were much better than expected. i think this is a great company with compelling long-term story. keep in mind you get a better price including for the. i don't know if they can do that but i can tell you that home depot's stock is cheap and i like it. maybe down 10 from here is the only time to buy. finally the fifth biggest loser was cisco systems at 33%. got annihilated after the

forecast but the problem was a lockdowns in china. that is temporary although probably not solved yet. plus when we spoke to chuck robinson a few weeks ago he sounded much more confident about china. very tempting which is why we are holding onto the trust coming back online. we will have more coming right up.

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>> rather than focusing on the snp let's talk about this directly. especially a day like today where it plunged more than 8% which, to me, feels like a genuine opportunity. i don't know if it will truly peek but what i do know is we've got the market, there is the oil that goes to the west and the oil that goes to the east. they have tons of cheap things to russia's invasion of ukraine and no one saw that happening. simply put that is causing the

price to tumble, basically any east asian country with a port has now stopped taking western oil. it is a little bit for them to reorient sales which displays the big spike earlier but at the end of the day they need money and the chinese government needs to do business with them in the war against ukraine. sadly that means the government sections but the price included has gone back to where it was when he realized that ukraine wasn't going to rollover but not much more than that. however like i said i'm not confident they had a long-term peak, why? because china is beginning to reopen an economy. i think there will be much more driving at the same time it is not clear to me how much longer president biden can keep releasing 1 million barrels per day from the petroleum reserve. remember it is meant for strategy. the demand for the united states will keep oil at elevated prices but not necessarily that much higher than here because of the economy with the reduced

overtime. always have, always will. to me it looks like they had a blowup high lot not long ago, still, i think you need oil exposure as a hedge, even more so than gold or cash or crypto. the way the hedge against the client market. looking at results of the first half it is clear that they were the one group that thrived in the market. the rest of our portfolio will do just fine which is exactly what happened today. they have more oil exposure, plus if you bought an s&p 500 index fund. you will make money even if the rest of it gets hurt and of course vice versa. now, there could be a difference between the big winners, that depends on politics. they haven't dropped the price

and the margins were already high to begin with because of lack of refining. this disparity is at the heart of the twitter spec with the president. let me put it this way, given the current price of the pump i can't imagine biden letting them off the hook. fairly or unfairly they know all too well it is easy to paint what they are doing, wall street loves profit. as long as you don't mind the headline risk and you can handle it today, or this is your big four. i have to tell you i have trouble with it because i do think that the president is going to make trouble with it. next in the first half we have some major comebacks among the larger oil producers. now, i don't think they can repeat that because that would benefit from the recovery and

the position along with some amount is purchasing including yesterday. we started seeing the price target and estimated cuts. you can say that as a reason to avoid it because there was it is going purposely but it is over, they have been having ink sanely generous dividends. their yields will be insanely high. i think they should soon be washed out.

i like stocks with high yield and pioneers the highest yield in the s&p 500. next up, one of the big natural gas exports, that put a lid on the natural gas cohort, they have from 52 to 32. i still like that because at the facility it will basically come back might not be until the end of the year and many more are being built. they are having a second one down in this country which cost the whole group to get hammered once again. that said, i think they have incredible prices and it is given up almost the entire game since russia invaded ukraine. one thing is for certain, the pipeline stocks are making a real comeback because there is a major pipeline shortage. finally, i like the oil service price.

the only ones you need to consider is halliburton, they are more geared for the u.s. by pioneer and diamondback. every country wants to get more oil into the market. they literally just crashed like so many other parts of the market. it is frankly unbelievable to me how much these went down just in the last, say, 10 days. even though their earnings and their outlook should be superb. but, so either advanceslet's go two miles in louisiana.

it has been a tough first half. i'm so glad you said that. thank you so much. what's up? >> they have the high peak energy back in april. >> i think high peak is terrific . i think it's turning out to be the cheapest stock in the group. this was an opportunity. by the way, we did this a company that often did shipping the other day, which i'm looking at a lot of the shipping companies and i think those are very to shape. was go to sondra and colorado. >> thank you so much.

>> i totally understand it is up a huge amount and if you want to take some off the table that is fine but i don't know how you know whether it would be traded successfully. accelerate was the company i was thinking about. i do like oil but i expect it to be choppy. there is no harm in taking a profit of what a good company is . i want to think that first gentleman from louisiana, thank you so much. a big meeting next monday. run the club but we are doing our best. much more ahead now that we have covered that it is time to take the nasdaq 100. stay with

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let's talk about the best and worst performers. tech stocks were tremendous in the first half and it is the best index to tell the story more than the worst ones because it demonstrates just how little there was to like. just the names that show you it has become absolutely hated.

it might be so heated that i think we could see a serious bounds as i said at the top of the show. some of the best performers today, they were alphabet and never, even as almost all of the commentary was negative today. it made a ton of sense much higher, but down here, not so much. and uv light off a meta-verse or google, remember you are writing off the best in the industry. the biggest one for the first half, i've always like that ever since they came up with the cocktail fibrosis. this is horrendous to see the only company that has made any progress. they've got some other ones, however, the cystic fibrosis drug managed it increase in revenue for the period. what is crazy is those numbers were a disappointment.

they failed to show efficacy. i don't see the stock making the top 10 in the first half. they were very unsure about this deal. i will say the regime may very well try to squash the deal because it will produce too much concentration and make it harder for people who want to do games not to pit microsoft in .. these videogame stocks really just peak and have never come back since covid.

let's say covid got better. of course if you look at the precedents it would be enough for that. we saw the supreme court last week, nobody cares about precedent. i think it is something worth the risk. you are fooling yourself. i'm begging you to do some homework. you will know that it is very, very slim read to think the deal will go through. this is a great example of what i talked about before. this would be the third-best in the nasdaq 100. they are very consistent.

number four we recommend the constellation energy because it is all about nuclear power. unfortunately i have no hope whatsoever in this country that it will go up for the nuclear power plants. nobody wants to live next to a power plant and although i used to live near one and it was fine. i mean, presumably. meanwhile, they can estimate the cost of cut production but they can't shut down the darn things. that is the problem. another strange one, has to do with the firing of the now former ceo clay siegel for domestic violence allegations. they started speculating that they would make a business podcast. they have a stake in it

.: same willing to say, have at it. i like the franchise. and they needed no matter the cost i think that of these, it could be a real. on an earnings basis i am fine with this one. this is to dicey for me. now, the thing with all of these as they have in common is they are boring as all get out. now, how about the nasdaq 100 biggest losers? after still going to that game set match when it comes to sales, they paid the price in two ways. the company is not profitable. is going for broke. i think those are much better. it is one of the company is for the pandemic because they let

you sign contracts over the web but now they hit a wall and it is going back to normal. why hasn't anyone acquired this company? maybe because it just isn't all that special. i am still surprised. i don't know whether it is worth 1 billion or 40 billion. that is the difficult part. this company is doing fabulously and even better, but now they are going out of style. its earnings are not going to be equal. semi-baffled by this but i

think the key metric is margins which will be shredded by everyone including apple leaning as far as paypal, it could bounce here and then go lower. i don't think the government will let that consolidation will occur. i think you are taking your life in your hands if you are trying to bet on a potential takeover for paypal. it simply didn't sell as many of the products as expected. it may not stop at 25 times earnings where it is now even if your see you about $2 million for the stock market. surprisingly there is no new competition on the rise, though. i think you would make a slow and steady come back. finally there is netflix.

why do you deal with something like this that used to do very well but it is now doing worse? i think using netflix over earned during covid and now they proved something they definitely haven't done yet. that is why it is so much easier to go by disney. they have some lucrative theme parks that are parked over the world for the streaming service and a fantastic library. the bottom line, when it comes to tech, it went into a portfolio managed induced coma and netflix was the first to be put under. what else is there to stay that if any of them is falling hard enough then there is certainly hope for resuscitation. although there has been so many changes we have to come up with something real quickly for those that are no longer, chose. like, like, like the rest. we will be back after the break.

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it is time! are you ready? jim, i need your wisdom and knowledge to understand this new merger of lighting and

oasis petroleum into cord. >> this kind of happened on the radar screen and i think we ought to have them on because i think it seems very interesting but of course everybody hates that we got to do more work. but i like the idea. they will need to make as much money as it takes. let's go to bobby in california. >> i think matthew should come on the show because they were doing so well. may be pivoting to try to make money because i know they can do it. bob, in florida. bob? >> hey, jim, how are you? >> i am good. how are you? >> look, we need that for ev. this has been a company that the stock has just come down way, way too much.

it has been a good stock to buy and it is almost there. jeff in alabama. jeff? >> hey, thank you for taking my call. dow chemical. >> so, it is probably too high. that said it is at a 52 week low yielding 5%. i think you buy it in the 40s. the stock is down so much that i find it compelling. how about devon in florida? >> what is going on? >> my question is for the other financials -- >> they have a series of problems that management is trying to check the boxes off. i suggest you by morgan stanle . we bought some today for the travel trust but remember this group is right now awful and hated because there is not enough activity, there is not enough ipos. it is consistent.

>> you can just take everybody in there, they've got a themepark, i don't like the warner bros. discovery although i think they do talk a good game. let's go to robert in tennessee. robert? >> what i have been saying is i do not understand it. it makes no sense to me. but that said, i have no catalyst to recommend the stock. let's go to william in missouri. william? >> i am a long time listener, first-time caller they have sat

down 20% year to date. it is in the shipping industry. >> those stocks always look like that before they rollover and that is the problem. i can't recommend the stock precisely. in conclusion of the lightning round. like jack. he wanted a stream he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim® web. because platforms this innovative aren't just made for traders -they're made by them. thinkorswim® by td ameritrade researchers believe the first person to live to 150

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in the in the hole trajectory of is like a big joke and the players who got in late. they had all sorts of claims and 19,000s others that really never caught on. if you bought any of these thinking you could get 10, 20 or even 30% of your crypto, because, hey, it never goes up, now, the golden crypto is being forwarded the so- called bank you had it and they had frozen your account and stop all trading.

sure enough we had the same thing happened this year. two different crypto encouraging to be bold and brave . these particularly appeal to younger people many of whom put money in their crypto banks but a lot of them put in then in your firms with incredibly high interest rate, that is how the value got up to nearly $3 trillion at its peak before crashing down to 1 trillion. i don't know if there was too much at stake for the winners to let this thing fall below this level. bitcoin which is the best of the best lost more than percent of its value. when elon musk went on saturday night live a little more than a year ago change less than 7%. it seems like every day some goes under or ceases to trade

its own made-up currencies. it had more than 600 million in crypto currencies. maybe that will allow clients to get their money out. that is why 20,000 is so important. they need to create stability at any effort and cost. i have been a big believer a couple of years ago although i could never make up my mind whether it was legitimate. about when it went up too much i ring the register and used my props to put a down payment on a farm in pennsylvania. i did disclose it repeatedly. i also disclosed the trunk left over from the nonrefundable token by time magazine. they said you had to bed so i took dollars and put it in and then proceeded to bid up to $100,000 worth to get to the nfc for the legendary cover from april eighth, 1966. at that price i had to do that

with my wife, lisa. she said i was out of my mind. fortunately someone else outbid me. that is when i said almost everything because i felt like i was really pressing right. i cut some back and i couldn't transfer it into j.p. morgan, my banker, because they wouldn't take it. i got out of it in what was considered the nick of time. losing money because you went something and it went down is one thing for losing money because you can't take money out of your account, nothing is worth financially. crypto is no laughing matter. especially if you put your money and around the time of the big super bowl ads. i wish i could be more

constructive about the remaining amount but they are making a serious and strong hand at 20,000 that claims that i'm afraid will suck people in, creating one more excellent opportunity for those who got it much lower as it sure looks like it turns out that is exactly how we gained this. . seven dead, dozens injured the charges just filed part of new reporting on the fourth of july sniper murders in illinois i'm shepard smith. this is the news on cnbc the parade attack planned for weeks, say police. >> primo fired more than 70 rounds from this rifle into the crowd of incident people. >> how police say the suspect reached the rooftop. why the womens clothing and the vial content uncovered from his online history sp