we have heard from slchlumberge and haliburton. that could mean a crude price might be bottoming, maybe this year. today we hear from core labs known as the scientists of the oil patch because they use the technology to analyst rock and fluids in oil reservoirs so clients can find the best ways to drill. even though the stock has fallen nearly 60% from the high two years ago the company has remained profitable. core labs reported today a company delivered in line earn ings higher revenues and declined year over year. it is in the oil business. manage's guidance for the next quarter came in below what analysts aring looking for but it shrunk to share to a low and is doing better than new mexico every other company i follow in this area. let's go to david demshur, the ceo of core labs. welcome back to "mad money." . >> hey, jim, thanks for having us back on "mad money." >> when i read through the things you are doing i realize that the reason why drilling budgets have been able to produce far more oil than they used to is they have h

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you stay away from haliburton, schlumberger and if you want to trade, maybe haliburton against the $30el that we flagged a number of times, otherwise stay out of the space. >> coming up, the traders will tell you the four names you need to watch that could surprise the street. that is right after the break. >>> plus the consumer could be in trouble, according to one trader. we'll tell you why some of the biggest names to take a huge hit. much more "fast money" still ahead. >>> welcome back to "fast money." where we've been listening in on the alcoa fourth quarter conference call. the ceo saying in large part thanks to acquisition and continued growth in aerospace business. suggesting that aluminum prices which hurt the upstream business last year are unlikely to be repeated in 2016. but alcoa is expecting continued strength and demand. >> we are also projecting robust aluminum demand growth for this year of 6%. and we are believing that illuminum deficits are going to happen in this year. >> now as it looks ahead to splitting the business into two in the second half of the year, one fo

i bought haliburton today. >> you did? >> just in the options. i look at the energy right now as a trade. i look at the ovx, and guy are always looking at this the oil volatility index, it's grinding in the low 40s. it was up in the 0880s. 25 to 35 35 to 40, 40 to 45. maybe now we're 45 to 50. >> they're chasing yield as well. >> there's no doubt about it. the big names. >> xlu is up 15%. xle up 18 1/2% to date. our yield plays as well it's not a global recovery. >> what were you doing? >> for me, i'm lightening up on all my positions. >> the next guest said it is time to get short the market. former global macro hedge fund manager. great to have you with us. you just put on a short of the s&p 500 in the past week or so. why? >> the last time i came on the show was early in the year. i thought there was going to be a bounce based on the bit of economic strength. i think we saw that. we're now back at the top of the range, big volatile range. the risk reward of a short position is very high. the down side considering what's going on in the economy

. >> the valuation, like schlumberger, haliburton close to 50 times forward earnings. both traded close to three times book. they're going a lot higher than they thought they would. goldman sachs i think put schlumberger put them on the buy list. at a certain point, valuation will matter in this space. this, to me, assumes crude is not stopping at 50. it's going to 75, 80. >> it doesn't have to move. as long as crude stays at 50, and holds even in the 40s, 45 to 50, the service names grossly underperform. so guys that have been in the names have been rotating out trying to capture that. chevron, exxon, totally different story. >> some might make the argument that it's better if it stays at 50 or so. because we won't be in the self-defeating rally, where it gets high enough so people put production back on line and it lowers the oil prices. >> they get the little extra turbo boost because of what they did when things didn't look very good. outperformance of something like a conoco, the question i would have, because i'm in the trade, i like the trade, is something like

haliburton posted a loss. it was hurt by a steep decline in its north american business. revenue was cut by 50%. shares were off 3%. the drop in oil is having ripple effects throughout the economy. business activity tied to oil and commodities is one of biggest pressure points. the manufacturer sector is feeling the pain. we look at the damage and whether it might get worse. >> more signs depressed oil prices are taking a toll on manufacturing. the dow federal reserve saying business activity in texas has tumbled to the lowest level since the recession of 2009. the data speaks for itself and reflects the major recession the energy match is in and the ripple effect on other industries. it's the latest sign they aren't the only ones feeling the adverse effect of the crude collapse. it has joseph concerned. >> investors need to be worried about the manufacturing sector because even though it's a small piece of the overall economy, it tends to be a very leading indicator of what happens. >> with the economy growing at 2%, the risk of broader recession is much higher than in e

dave lessor, the ceo of haliburton. as we look forward, we expect an increased commodity price to stimulate rig count growth. things are getting better for us and our customers. the numbers are now positive for the third quarter, earnings and revenue positive for 2.5%. this is for the whole s&p 500. here's the trend so far. i know it's early but i'm making a prediction. right now the number of companies competing are more than average. how much they're beating by? above average as well. guys, back to you. >> we hope the retailers don't spoil them, bob, but as you mentioned, more positive signals. there's a lot at stake tonight for hillary clinton and donald trump in the final -- can you believe it -- final presidential debate. john harwood out in vegas with the latest. john? >> reporter: kelly, last of the three presidential debates three weeks before the election. last big moment for them to directly communicate with tens of millions of americans at one time. but i want to give you a little reality check about just wha

haliburton, giddyap, the thing's going higher. >> "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 is always a bull market somewhere and i promise to help you final 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 not just to entertain but to teach you. tweet me @jim cramer. one year ago today this market hit an all time high. and ever since then it has been stuck in see saw mode. that inspired a level of gloom that simply doesn't fit the facts or the stocks involved. although on a day like today it reminds that you after three week of being down, a rally can move the see saw higher. the dow gained 170 points. in addition dam, 1.22%. nice to see that index come alive. still i'm constantly hearing how dangerous this market is. how it is one step ahead of the possie or one slip away from falling off a cliff am i like to return to the craft. the craft of valuing the

for most the cases i had in front of him the haliburton case and others were where you knew your chances of winning him over weren't great and what was most important is that you did not let him either side track you and get you off message or get you to concede something that might give trouble to justices that may be favorably inclined to you or not persuade somebody in the middle so you had to protect yourself so you didn't go down too far of an intellectual debate with justice scalia though you wanted to respond directly to his questions. >> when you think about him and what he had did on the court how woul you define originalism? >> originalism asks the question what did the people who drafted and ratified the constitution mean by it and that means injustice scalia's view if they weren't thinking about abortion the constitution has nothing to say about abortion. if the weren't thinking about same-sex marriage the constitution has nothing to say about it. he would say it's not an evolving document but a dead document. it's like a contract, like a will, like a statute. you figure out

dick chany, ceo of haliburton, michael bloomberg in new york city. in those cases you have selling stakes, blind trust, some sort of arm's length arrangement so much the enterprise in question could be fired off. trump says he'll give it to his kids. what do you think of that as a possible ethical solution to this incredible list of possible conflicts? >> it's absurd. donald trump is a smart guy in business. he knows what a blind trust is. he is saying i'll put the company in a blind trust. a blind trust is when you take a series of investments, a portfolio of investments, turn them over to an independent person who then does the trade fg r you. you don't know what's in them. if i said i am sticking to trump organization into a blind trust, well, that would be the most transparent thing in donald trump's life is that blind trust. we know what's in it, it's the trump organization. plus it's supposed to be somebody independent. he's saying i'll let my kids manager it. >> it will be the family business. >> exactly. and ivanka trump went on another netwo

josh fox: the haliburton loopholeas the exception to the safety water act. toxic chemicals in the ground and not report them to the epa or have a permit, which is fairly outrageous. [speaking simultaneously] right away. we are not actually phasing out fossil fuels with the power plants. we are trading them out. we are trading coal for gas. that is very clear the way the power plant is created. we do not replace all the old coal plants with new fracking gas plants which will last for 40 years, we have to replace -- retire coal plants, retire natural gas, and replace them with renewable energy. i have been across the country in the last three months, toured for the by new film and 60 different cities. gas are fighting mega frack plants, which will create toxic pollution in their neighborhoods. they are fighting pipelines, power plants, fracking lines, that is a huge fight, and the democratic party does not want to be on the wrong side of. when it comes to what is happening on the ground in america right now, people are outraged. we are going out of the firebra

if you look at individual companies, explorers in the bakken specifically, whiting petroleum, haliburtoning is up 37%. halliburton up double digits, hess up big time. that far outpaces gains in the dow. what does this do to the overall economy? well you know, we famously made about 27 billion extra dollars not spent on gasoline in the past year. what will the increase be? it won't be terrible but i don't think it will soar. look what patrick dehaan, gas buddy told us on fox business, he thinks increase 20 to 40 cents in the coming year, a rise in the national average highest since 2014 by spring. not terrible news. not great news. guys in the oil patch, they're happy though. david: jeff, you're right, i don't drive a lot in manhattan. but new jersey, refinery close by it was $2.15 a gallon. that is lot less what you're paying out there, right? >> it is good to live near a refinery. you take a lot of heat. but living in hoboken. david: happy new year, jeff. >> happy new year, david. cheryl: happy new year, jeff. fighting to save your favorite pastrami on rye. this man is trying to save a

on the corporate front before the bell, we'll get results from haliburton and xerox to name a few. >>> and the fed's two-day meeting begins tomorrow with the post-announcement at 2:00 p.m. eastern time. a lot of other data to look out for like gdp on thursday and personal income and spending on friday. and apple is the big one, the tech giant reports after the bell. also worth watching, dupont, proctor & gamble, at&t and chipotle. on wednesday, facebook and thursday is the busiest day of the earning season, tons of firms including ford and amazon will release their results. finally, friday, we see chevron and exxon, particularly two to watch in the number space. i would say well worth watching the earnings season. two weeks ago banks were the main focus. they surprised and drove on the upside. last week looked to tech names disappointing on the downside and the nasdaq ending the week in red territory. so earnings are moving markets very little this week. we look at the futures down .40% in prix markets following european trade softening at the open. guys? >> the s&p 500, though, seein

haliburton, national oil well. tesco up 6% today, huge. i leave you with the gas prices. a time, liz, during the year when we see a fall in gas prices because of a switch to the winter blends. in last week indiana up double digits, michigan up double digits, west virginia, florida, up all over a nickel in the past week. i think more may be to come. liz: okay. i'll take it. listen, i much prefer cheaper gasoline. i know it hurt as lot of stocks involved but hey, i'm speaking for many -- >> you about you take a cab anyway, there you go. liz: no, i drive my car. i'm from l.a. all we ever do is drive ourselves. jeff flock, seven minutes to go before the closing bell rings. the dow is still gaining. we had been up more than 120. we're watching nasdaq very closely, not just the dow. the nasdaq is extremely close, 12 points away from a new record close. the number to watch, 5339.52. we may see it. leaving nasdaq a few minutes into the close, twitter. while twitter is down, it is well up off the floor after a report charlie gasparino just made in this hour that bankers are tellin

we could be out of the woods when it comes to a decline to the teens judging by comments from haliburton and schlumberger. we could see a cut back in supply. what do the saudis hing? i will ask the ceo of core labs about the rapid recovery. let's see whether he sticks by that. i think we'll see the mid 20s level again. a little bit above 30 before a we wanted to see geez political tensions die down down. remember i came out with the list when it seemed north korea just detonated an h-bomb. you know what? this box, all right. i feel better about that one. i don't want to get out a pen and mess it up. i'll get yelled at. but i will check it out. i'll do it in pencil and erase it if it comes back. seven, i wanted zombie companies to be euthanized and reorganized. now with the stressed-out list of stocks, it's funny. all the companies on the list get new life support from a temporary lift in fortunes. how about the chinese zombie companies? those state owned enterprises are a buzz kill. so are valet and petrobras. life. the zombies live. eighth item, i was cope ing the super strong dollar wo

do you expect regulators to look at this ge-baker hughes deal as they did the haliburton-peter hugheseal? martin: it is a very different set of circumstances. as we said on the investor call, very little overlap. it does have a grouping of jurisdictions around the world, like any other large global transaction. we have done our homework. both sides have. we have very confident outside counsel on both sides. and we think of the customer community is going to be very supportive of this for some of the reasons lorenzo mentioned in terms of bringing the synergy and helping them get their cost ton, which is only going occur as a result of bringing these capability sets from both baker hughes and ge together. so, as a regulatory bodies should, they will look at competition and any concentration in markets and look at what this does for the customer. in this case, and you are right, we have experience at this and feel very comfortable with the outlook. alix: one area where there is overlap is artificial -- before toill you spin off any assets to satisfy regulatory concerns? lorenzo: very ear

i think haliburton over schlumberger. i think that's something that will recover. >> you're in the same camp with him? >> in the same theme, but i would like to mute a little bit of my index here. in the last month, this did not participate in that rally chris talked about. the aggressive rally across the board in every other energy sub sector i would go osx. it was down 3% month-to-date. 20% up in the last three months against the enp index, which was up 70% for the last seven months, osx. >> perfect segway. >> in the long run, i still think we see much lower oil. we're talking about a short-term of what is called a tactical trade here. oil in the very short term, we could see 50 to 53. that's kind of my target. i'm looking for something that i'm going to buy on a breakout thing, xlp, the etf for the oil and explorations. this sa quick trade. around $36. i think maybe up at $40. that's where you get resistance. you've got a little bit of a pop here. if you start to see oil go what i would say go the last leg. >> national

state department worked to export fracking throughout the world to reward companies like chevron, h haliburtonexxonmobil and conocophillips. in my view, that is unacceptable. >> as the race plays out now, the all-important superdelegates are back in the news as well. case in point, while sanders won wyoming over the weekend, he essentially split delegates with clinton, both getting seven apiece. that means clinton still has a massive lead in both pledge and superdelegates. let's bring in msnbc's kasie hunt who is at the bernie sanders rally in albany. also with me, alex seitz-wald covering the clinton campaign. is there some belief in the clinton campaign that some superdelegates could switch over to the sanders campaign at the convention? >> reporter: this is all predicated on the idea that sanders would get more pledged delegates. the spokesperson tweeted that there is a 0% chance that clinton doesn't clinch the nomination by june. even if that doesn't happen, there is not much precedent for movement for superdelegates. in 2008 as barack obama was gaining momentum, only about 30 superdelegat

haliburton deal falling apart. also big loser is banks.ey stood to make millions on m&a fees and financial advisors only get a lot of their money when it goes through. it is not all bust. today charter communications won final regulatory approval to buy time warner cable. >>> buckeye state embracing for chaos. republicans to hit cleveland for the gop convention but are they ready? coming up. at ally bank, no branches equals great rates. it's a fact. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on in. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medic

the haliburton loophole which exempted the industry from the state's drinking water act. the other two benefiters are less well known. one is the repeal of that bill i talked about, the public utility holding company act of 1935. that was repealed. and its repeal means that utilities could get as big as they wanted, they could engage in any kind of activity, including the trading and the speculation on the stock market that was forbidden before. in fact natural gas was not even really traded before the 1990s. and today we now have 20 giant utilities that operate in this country and provide more than 50% of power. they use the "all of the above" strategy and encouraging fracking and really a party to it. and the other thing that changed in the energy policy act of 2005 -- i didn't have the name quite right before -- is that it gave the federal energy regulatory commission that was created under the carter administration, new and big powers. it put ferc in charge of the environment, putting in charge of our are our most important environmental law in terms of building new t

reporter: haliburton and baker hughes say their deal is pro-competitive and will allow the company's customers to benefit from more flexible, innovative and efficient oil field services of the department of justice says the proposed merger one of those deals so antitrust risky, they never ought to make it out of the executive suite or corporate boardroom. david, think of all different potential deals killed by regulars or at least threat of going to court. there s the at&t, t-mobile potential deal. there is deal in court. staples fighting for ability to purcha office depot. federal government says it would be anti-competitive but the federal government may actually lose that t suit. we'll get ruling potentially next two or three weeks. david: halliburton is standing its ground. pfizer turn tail and ran today. but halliburton -- you know who is happy in all of this? the lawyers, they will make out like bandits, aren't they? good to see you, my friend, adam shapiro. melissa. melissa: here to weigh in on the obama administration push to regulate corporations,onathan hoenig from capitali

and say, i made a contribution to poorest areas and remember, when cheney was in office and of haliburtonid share in iraq, they that -- they did things were illegal and moved their headquarters out, so cheney did a conflict and got away with it. mr. trump could be the greatest had.dent we've ever guest: i continuing is an interesting idea, sounds like an op ed d be put in piece and maybe the trump foundation will take you up on it. it is possible, certainly for the trump foundation to donate abroad legally to help poor people abroad and if it is of scholarships, you know, that is fine, too. the only thing that can't happen is a foreign country subsidize public ow benefit employees here in the u.s. host: atlantic city, new jersey, independent line, boyd, you are next. morning.ood host: good morning. caller: my comment is this. years ago, approximately, george bush stole the election al gore, a man that was environment ut our and atmosphere, not turning the try loose to pollute air, our water and our means of planet earth.is here comes donald trump, did the thing, same thing and he's pollut

before the bell we are going to hear from abbott labs, haliburton, morgan stanley. then look for qualcomm, american express. don't miss an interview with james gorman at 10:45 eastern time. >>> pimco is stepping up ranks. named manny roman as new ceo. roman is a former banker at goldman sachs working in fixed income vice president babanking he has served in one of the world's largest hedge funds. >> and donald trump officially becoming the republican parties presidential nominee at the gop convention yesterday. joining us now with more. i don't think i've seen in american history the son of the candidate be the deciding delegate to put someone over the top. regardless of where you are or which side of the aisle what you think about either can at tdida that was kind of special. i thought it was a good moment. >> yes, absolutely a big moment last night for the donald trump family. as you say, they were all on the floor to put trump over the top. this is now officially donald trump's republican party here in cleveland. he clenched the nomination although there were lol