. >> caller: wonder -- you bet hey, halliburton, not knowing future fracking and oil prices, stock basicallyleaming like its on sale, should i put that down or go slow or avoid especially with their chief financial officer about to step down >> halliburton is more levered than most oil service companies through this onshore oil rig cap we see on fridays that keeps moving up. i don't mind owning hall ba la burton at 45 understand you need probably an 18-month horizon before demands picks up and supply drops enough for halliburton to explode higher that requires a lot of patience. all right. when analysts speak, i listen. the team ap morgan stanley pointed to a troublesome situation and a low dollar stock called teekay. the bears might not win but i just don't think the stock is worth the risk, even though i know so many of you are drawn to it, which is why i had to spend some time telling you the bear case "the lightning round" is next. stay with cramer >> announcer: "lightning round" is sponsored by -- td ameritrade. >>> it is time -- "the lightning round." >> buy, sell, buy, sell -- >> and

that's the chief reason why schlumberger's earnings have been sub par versus halliburton.sometime next year, some of the older deep water wells that have been producing such sumptuous amounts for years, will begin to experience decline rates. only then will oil prices get tighter. it will take too long for new projects to come to the market. when that happens, it will be the first time the bountiful shale oil comes into question. right now, we're still in the grips of speculators. according to carly garner, who's made this point on and off the charts and been dead right for us. those speculators have too much oil in their hands. you can't expect a panic liquidation of these people to start until oil creeps down to $43 a barrel. $5 below where we are now. all the stocks will remain perilous until we work our way down there. we are in the grips of fast trading hedge funds, not actual producers and consumers of oil, until these deep water wells start to decline. that's going to take another year. until then, we're going to be in boom and bust mode among speculators, not oil p

halliburton and schlumberger bay be exporting some of that technology, good for the companies, bad foriced something, roberto friedlander, an analyst at seaport global, iraq is now sending nearly as much oil to the united states as saudi arabia iraq on the ascension and just blowing through every barrier that anybody trying to set for them. >> take a look at what's gone on in libya. >> libya as well >> a year and a half ago they were producing a quarter of a million barrels of crude oil, now 950,000 barrels of crude oil per day. it probably will get back to what it was producing four years ago, nigeria is coming up very quickly. there's a real problem out there in the crude oil market. you will get a rally and the market is rallying today, it is nothing but a dead cat bounce. i see we have nearby wti at near $45. we might get to 48, but that's diagnose to be hard-pressed to push beyond that much at all. >> it's energy week in washington and the president is expected to make a speech at the department of energy storm with the focus expected to be on exports of crude ago well as crude pr

halliburton, southwestern, and chesapeake bay are natural gas players.orter and there is coin flict between the saudis and qatar boycotting businesses and shugget down the border. banks, 87 basis points on friday, the lowest we have seen this october. here's where it's playing out for the bank stocks. they go nowhere. they got super hammered last week. citigroup ushering marginal weakness as we head past the open. we talked earlier about where can you go in the market that has nothing to do with what's happening in the risk parity funds. one could be tech. this says a blue line there, you can see hitting record highs, as well as apple, that yellow line hitting record highs. facebook, apple, amazon, netflix floog. the white line are s&p bad debt companies. this is an interesting hypothesiscy. are we seeing stocks outperform because of floog. the white line growth or becaus they don't have a lot of debt, they have a lot of assets. it's really all about credit and investors getting skittish over leverage. with us is peter cheer of brain capital. and chris b

halliburton is at 41. -- 14. there are a lot of stocks reasonably inexpensive.t of them have too much cash on their hands. david: who would have thought? >> i have to be right eventually. you will both be staying with us. coming up, an interview with the european commissioner for competition about google's record eu fine. live from new york, this is bloomberg. ♪ emma: i am emma chandra. more than 80 companies around the world have been hit by cyberattacks in the ukraine and russia. the danish shipping company said if i.t. systems they'll to hackers, as well. as we said, a russian cyber security firm confirms attacks on russian and ukrainian companies. no word yet on it attacks are related. david: thanks. shares are searching after soomberg reported the carbon --the car until company bloomberg reported apple is leasing a small fleet of cars self driving test technology. for more on that deal, we are joined by an analyst with a buy rating on alphabet with the price target of $1050. let's talk about google and then i went to get to that eu fine. waymog a move is th

we have chesapeake energy, halliburton, and many others trading higher.ay. on the year, the energy is the worst sector paired up but it does not seem to be hurting the s&p 500 or u.s. stocks versus european equities. take a look. year-to-date chart. in blue, we have the european index, and yellow we have the s&p 500. we see that for most of the year the s&p 500 has been outperforming with the brief exception around the time of the french election. now we have the french -- now we have the s&p 500 back on top. breaking news on the supreme court, taking the case on the religious objections to the same-sex marriage. they will be stepping back into that. and corporate whistleblowers, orders coming out and i 30 a.m. -- they have passed pentagon on a gun-control provision. these are cases that will be heard and decided next year. most important, they're stepping back on the question of the same-sex marriage once again. alix: interesting. we looking check of the headlines as they cross. with us we have brian and matt. joining us is oliver renick. so we of brian

results were helped by fewer promotions and controlling expenses also, take a look at halliburton into buy selmet esp it's an oil field equipment supplier that's backed by oklahoma billionaire george kaiser and american airlines testing new screening machines for carry-on bags. the machines have similar technology to ct scans can measure a bag's density and map it in 3-d. the new technology could one day allowpassengers to leave liquids and gels in their carry-ons. >> yay >> yes, that would be -- >> that would be a welcome -- >> huge improvement. >> welcome addition. in washington senate republicans are now hoping to get a vote on their health kier overhu bill after the july fourth recess that comes after yesterday's decision to postpone the vote amid disagreements among the gop senators senate majority leader mitch mcconnell says he will work on forging an agreement that will garner enough votes. >>> the kpmg women's leadership championship is taking place in illinois that's where we find deirdre bosa this morning. she's joining us right now with a very special guest deirdre, good m