anadarko, i'm staying with the horse that brought me, you should too >> bk?sla, i think here you've got to take some off and sell tesla. >> amd we mentioned the other night. >> the world didn't get any safer overnight, raytheon comes out rtn. >> i bet sean. >> how about mark? see you back tomorrow at 5:00. meantime, don't go >>> 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 money. my job not just entertain you but teach and coach you. call me at 1-800-743-cnbc or tweet me @jimcramer.

you want a bunch of calls, anadarko, hess, weatherford. >> i like slumber a lot.ust have been in anadarko for a while and like that one the most of that small group so i like that she's in that one as well slumber is one i've had a hard time picking >> what's interesting about anadarko is the ceo was buying stock at about $48 to $50 and the stock then fell to $40 but then you had six other directors being and buying stock in that time period so i kind of thought that was an endorsement. they have 6 billion in cash an everybody was so nervous about what anadarko was going to do. would they make a big purchase for bhp's assets or not and the buyback that came back yesterday, that was a big, big number stock down 30% even after yesterday's move so that was interesting as well. >> nike reports earnings after the bell on tuesday. that company getting a price target cut from cowan this morning, piper jaffrey reiterating its cautious view on the stock this week. would i love to find out where you guys come down on what has become a real battleground stock. the commentary

. >>> anadarko said it would launch a $2.5 billion share buyback program. the oil and natural gas company also reaffirmed its 2017 production guidance for its assets in the gulf of mexico. shares of anadarko petroleum rose 8% to 48.49. >>> all state said it expects catastrophe losses for august to reach nearly $600 million. much of that attributable to the damage caused by hurricane harvey. the company has yet to release estimated insurance losses from hurricane irma. all state's shares fell fractionally. >>> the fda warned that a liver disease drug made by intercept pharmaceuticals could lead to death if given in the incorrect dosage. prior to the the fda's letter, the company issued a similar message earlier this month to the medical community, warning physicians to closely follow the dosage guidelines for the drug, called akaliva. intercept's shares plunged to $73.73. >>> mcdonald's is raising its quarterly dividend to $1.01. the yield on that dividend now, 2.5%. mcdonald's shares fell slightly today to 159.03. sue? >>> bill, the most powerful women in b

i stay long halliburton and anadarko. >> we talk about this in the middle to the end of august.was going lower back then if you recall, exxon 76, 76, 76, held, held, held, held, held one day it magically rallied. >> did you say magic >> magically like unicorns and rainbows magic. >> i lost my train of thought. i'm getting old now. we said today for the first time in almost seven or eight months exxon looks interesting. here's exxon at $81. exxon is in a three-year down trend but it could still trade up to $87 to the up side and remain in that down trend. i played it to play your game. >> for more on energy's big comeback we'll bring you none other than dennis garthman good to see you. >> good to be seen. >> i was taking a look at the chart of brent and was amazed it's up 12 boin point.5%. >> without getting too esoteric and too wonky, you've taken the brent futures. you've narrowed the contango markets that have gone to backwardation are telling you that that commodity has gotten extraordinarily strong it used to be that crude had to bid to go into storage now they're bidding it

talked about, maybe now for the first time in a long time, exxonmobil looks interesting tim pitched anadarko petroleum yesterday. look at general mills, by the way, over the last year or so. you talk about money coming out of a sector. gis is probably the moster chpod but it's happening in other stocks as well >> all the costs are starting to roll china is rolling over. those are vulnerable names you look at materials in general. i think the prices will continue to fall. >> dave, i'm surprised you're alive and kicking in breathing, you said not in your lifetime would get above 50 bucks >> it's struggling at 50 >> you've been negative, i've been positive, that's -- >> i have been right and you've been wrong >> believe it or not, that's not my point you had a place in energy where we've stabilized in terms of oil prices, where the indices, you're seeing where the 200-day is starting to see the 50 passover it's also called the golden cross. it means the momentum has finally started to shift the trade in brent, which is what i follow, is above 56 i think it spikes higher >> this actually might b

obviously you might expect volume to be light with rauosh hashana but anadarko continues, 2.5 billionanies buying back a huge percentage of its float, that will do it. >> a couple of smaller stocks making runs today. gopro up better than 5%. i mean sneakily year to date, that stock up nearly 30. >> and ge leading the dow. haven't seen that in a while let's get over to brian and "the half." ♪ >>> and welcome to "the halftime report." i'm brian sullivan in for scott today. your top trade this hour, rates and the rally. can stocks really keep going up, even as interest rates are expected to rise it is a question literally with trillions on the line. so here is your trillion dollar lineup joe terranova, john najarian and pete joining us from his castle in the north woods of minnesota. guys, welcome. let's begin with the fed the odds of a rate hik

big stocks leading the way higher for these particular industry groups, take a look at names like anadarko, of course, shares down quite a bit over the course of the last year marathon oil as well both those stocks. in fact, out of the 32 stocks in the s&p 500 energy sector, 19 of them have gained at least 10% or more, again, over the course of just one month check out this one the oil and gas exploration and production etf versus the oil services etf, both of those guys showing some real strength versus just that xle overall so if we talk about the overall sector, these are some of the big etfs that track them it's been many of the exploration, production, services names individually, melissa, that have done the heavy lifting. back over to you. >> thank you, dom chu. >>> uber, requiride-sharing ser losing its line in london. >>> first to sue herera for a news update. >> jimmy carter returning to his alma mater dedicating presidential plaza in his honor. both he and mrs. carter attended the university in the 1940s. >> one of the things that i did when i got the nobel peace prize was give a

we've seen anadarko, marathon, devon, hess.n 10% overall some of the dow leaders moved aggressively chevron and exxon were up in the high single digits exxon is up more than 9% we've seen there's the line here. dow industrials there. exxon and chevron up notably this is a one-month chart. refiners at new highs. holly, valero, phillips 66 refining stocks have hit new highs. a real oil rally going on here supplies have been tightening. opec compliance has been increasing share activity is higher not as high as some feared demand is increasing a little bit. the question is is this rally for real it's the biggest rally for the year look at the xle. etf for big oil names is up 10%. this is far and away the biggest rally of the year. we've seen many attempts to buy bottoms that have all indended n heart break. the good thing about it is investor sentiment is terrible nobody wants anything to do with this sector. money is very small. the energy and the s&p is only 7% right some analysts are saying it's improving and it's cheap i can't

shares of petroleum trading higher, anadarko, a repurchase program.xtends through the end of next year, pbut till target $1 billion by the buybacks by the end of this year the stock up 7.5% right now. >>> nvidia falling on the back of the reports that tesla is working with advanced micro devices on an a.i. chip for cars current tesla vehicles use the i v nvidia chips nvidia down 2.5% right now. >>> apple's iphone 8 and 8 plus will be available starting tomorrow but the latest phone is rolling out to just lukewarm reviews and there are concerns that some consumers are just going to wait for the iphone x >> shiares of apple down 5% sinc the new iphones were revealed last week. joining us, ben dunbar, investment adviser from gerber kawasaki welcome to you both. ben, you're bullish on apple what do you make of the price declines we've seen? >> well, apple's run up over po 30% this year. when a stock runs up, it's a very normal thing do it's not a problem when you look at long-term investment wise. >> tom, what's your problem with apple right now? >> basic

alix: we saw anadarko issue a buyback. where does that fall for you?ok for energy stocks that would be willing to return money to shareholders or those that would just final it back into their business? jim: i want to think of energy as more of a tech play. ago, a 300 horsepower car got 30 miles to the gallon and now -- and today, it gets nearly 45 miles. if you cannot make money at $30 because -- you are in trouble because that is where the technology is ringing us. if you are not ready for that, you will have trouble. hopefully they are putting the money back into capex. goid: jim bianco of beyond -- of bianco research is going to be staying with this. janet yellen in cleveland, ohio at 12:45 eastern. we hope you will keep watching bloomberg television. you can tune in to our colleagues, tom keene and david gura on bloomberg radio. york, this is bloomberg. ♪ taylor: this is bloomberg daybreak. coming up, you can watch a chair janet yellen's cleveland speech. this is bloomberg. now to your bloomberg business flash. -- backing janet yellen for a second