we're a buy on ge. >> halliburton, what did you get from their earnings call about future demand? numbers with schlumberger were fantastic they grew even with the writedown in russia. they got all russia off the books. that's great they're looking at increased demand, saudi arabia, the middle east, united states, great north american drilling. they're passing on increased supply cost and labor costs to the emp companies that are expecting a 16% increase so i think their margins are pretty safe and i think you got a good outlook for oil and gas there. their ceo is excited i'm a buy on halliburton. >> and apparently not a lover of schlumberger's new name, slb i'm not sure what that means but that is the new name for schlumberger let's talk about pulte home builder, one of the biggest in the united states you got rates, mortgage rates that have doubled or tripled in some cases in a year but, the stock is up because margins did well i got to imagine if you're a new home builder you can do things to reduce your own cost to maybe make things more affordable. just cut, you know, make the

it's next 12 month earnings pe of 8 just like halliburton continues to execute i don't think you have to just look at services with services, with mineral rile rights, you can get really high quality companies with dividends, and also it's a volatile space not going to stop, so you can still sell calls against these names as well, a lot of them to collect extra income on top of the yield. i think there's so much optionality away from the space. energy makes a host of sense for so many different reasons. >> we were talking about this earlier other areas showing leadership today energy obviously a place where we've seen a lot of interest from traders and moves to the up side what do you think about this call from halliburton and just the sector in general? >> i'll take the sector perspective overall and up 60% year to date energy equities they're outperforming spot oil and spot natural gas year to date for the month we're up about 22%. a lot of people will look at that out-performance and say, okay, it's time to reduce your allocation towards energy, but all of the fundamentals right no

look how halliburton did in the services. energy is holding up.il, the underlying commodity. most of the companies make money when oil is $40, $45, but that complex is, also to natural gas, it is important and we do need it. we can't go to green unless we transition properly and that means fossil fuel. so that will be with us for sometime. maybe the market is also sniffing out, you know, a republican win? liz: okay. [closing bell rings] possibly but halliburton is up 40% quarter to date. thank you, quincy. major averages close up three days in a row. tomorrow, nathan hock man, california tax lawyer running for california ag -- ♪. larry: hello, folks, welcome to "k

halliburton is up 52%. you had terrific margin expansion.e more than doubled it beat the numbers handly this is what i'm talking about the stock is doing nothing another two or three days people will realize, holy cow, do they have earnings power. and they are sold out eve everywhere it's the private equity firms that are drilling. the large guys are not drilling. they're waiting for president biden to sit down with them. >> well, you keep saying they're not drilling of course they're drilling every day. i have been to exxon in the permeon. they are not increasing. >> here's what's going on. they could all produce a great deal more, but they're not they can't get it to market. the strategic petroleums, other people have drawn it down. maybe you think that the price of gasoline is strategic in that case, i don't think it was done for that. eog, pioneer, devon. >> slb, its competitor, is moving in aggressively to brand itself as a beneficial ear of the decarbonization. are these guys >> that's what happens >> by the way, look at that. >> that'

halliburton, one of the best october performers up 46% on strong earnings and an opec plus productionrwegian up 15% after they dropped all covid restrictions and gave positive updates on booking and the ability to pay down debts, best month ever for norwegian. >> our graphic says royal caribbean. >> didn't i say norwegian? >> let's see what tim seymour says. >> this sounds like when you reach into the trick or treat bowl and you pull out m mr. goodbar and hate peanuts you tell me where are we going here >> i think it's norwegian. >> i think it's norwegian. it's my countrymen, go ahead. >> talking cruise lines, the tweet is that the exposure here is still very much to north america despite the name if you look at carnival, they're the ones that have the most eu drag the bottom line if you look at cruise companies and you were looking at royal or norwegian, it's a story of enterprise value and 2019 versus today. these companies are 2, 2.2 times the debt load they had 3 1/2 times net debt versus about 7 times. and while we're at pricing in the second half of the year that is ahead of 201

chevron is lagging, aft pa, halliburton and the ap production companies doing really well. let me show you a full screen that shows the last three days of trading action. most of the pick names are up 7, 8, halliburton, apa, exxon, chevron, these are just the last three trading days and we got word that was going to be an aggressive rate cut pushed over at owe pec plus. you see the big moves up there elsewhere, i just want to note the real estate investments just having a horrible year of course, higher rates hurting them some of the new lows on some of the big apartment rates and that's been a major, major problem this year, those rising interest rates >> tyler, back to you. >> bob, thank you very much. bob pisani, stocks sliding after the s&p 500 posting its best two-day rally in two years >>> the next guest says the tug-of-war not over yet, because the bears get hold of the market and rarely let go. joining me nancy tangler nancy, good to have you with us. we tested the lows, we go through them again >> i was wrong last time, tyler,ite thought we saw the evidence that in

to overweight the firm said halliburton will benefit, brian, from higher upstream spending. >> big run the oil stocks in the last three weeks. pippa stevens, thank you very much >>> why don't we stay squarely there. we talked about the supply and demand in natural gas. with an unusually warm start to the heating season, particularly in europe, but what happens now? joining us is emily mcclain. don't worry, emily, i'm not going to ask you about the weather because we don't know what's going to happen there, although i will say we've been really lucky one of the calmest storm seasons in texas and louisiana in 70 years. okay that said, why have natural gas prices absolutely collapsed in the last month or so >> hi, brian thanks for having me again so just to start here in the u.s., domestic prices. we've seen prices drop mostly on an improvement in supply so supply's been growing throughout the year and really on a year-over-year basis as well as an improvement in storage inventories. we've seen triple digit inventory injections and we expect by the end of season to be in a healthy positio

extended right through cramer fav and travel trust company halliburton. i bet it's got room to run, much more we got results from a company thanks to guilt by association united parcel. remember not too long ago fedex reported a short fall and the rest of the transports are awful. i expect more from ups pepsi co was a starter and we can see the same thing, maybe better there is so much to like from the ceo james quincy is pushing. general motors reports and i fear that like ford, they'll have to contend with higher costs and lower sales and then general electric and 3 m i hope they can explain the weaknesses behind the stocks i didn't just fall off the ststoc truck. in the morning we get results from the high tech defense contractor, lockheed martin delivered a high number and i beth ra raytheon does the same thing. it's very much a buy after the close tuesday, outfit reports and i'm expecting a good set of numbers thanks to the strength of youtube. this stock got dinged on snaps before rallying late in the day and finishing positive but the funny thing i

>> we're long slummerge and halliburton. it's tough in this market to try to chase what look like winners. five and a half years ago, schlumberger had almost twice the enterprise value we are well below all-time highs. right now, given the reduced multiples we're seeing in the marketplace it in a reasonable place, and of course we've got to advance our oil production. that's good for the oil service companies. if you don't want to risk too much, one way to do that is look out to december. i was looking at the 42.5/50 call spread. that was going to cost about 2.5 bucks. the idea being you're going risk less than purchasing the shares outright in the event that stock along with everything else begins to go lower what we do see in energy names is somewhat higher beta. saw that in another we own, devin, which was one of yesterday's big winners and today didn't do quite as well. you're going to see that there's leverage in the names. options is a way to elevate risk that would be time for call spread risk reversal but i wouldn't

halliburton is going to catch up. >> steve >> okay, i'm going to go with pfizer even though we talkedck, li'm looking for phaser to catch up. >> frank, great to have you here boeing, the minute you get more back here, that's the story to follow >> that does it for us on "fast money. don't go anywhere, "options action" coming up next stay with us you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. power e*trade's easy-to-use tools make complex trading less complicated custom scans help you find new trading opportunities while an earnings tool helps you plan your trades and stay on top of the market >>> it is friday, and it's time for "options action. i'm frank holland in for ms. melissa lee. the markets log their best weeks since june investor

seeing significant jobs crude oil jumps on the opec rumors the energy sector is higher right now, halliburton, devon energy semiconductors also making a night comeback, lamb research, applied material, western digital, even intel is higher, as it announces it would spin off its mobile io unit peloton is getting a nice lift it's announced it has a partnership with hilton to provide machines at all of its hotels listen, we don't want to make too much of it the stock has come down massively from the highs, so a tiny green shoot for one of the most beaten-up stocks the past year >>> now to the lead story, that is oil something big may be about to lap with opec. the group is set to meet on wednesday. this weekend they called a big-time audible they announced the meeting will not by virtual it will be in person the first in-person meeting since covid hit, that is leading to reports that they may be ready to cut production. if they do it, it will be the largest cut since the pandemic with the meeting in person in austria, it also raises the very sticky question of russia, whether the russian delegat

halliburton, baker hughes, all up.hes said some of those supply issues, think the rubbers they need, the fracking equipment, all of those supply chain issues, acre he was says it is in the rearview mirror. he can start to work on that backlog more and more. not just for baker hughes, but the industry broadly. does that now mean as they ramp up, the profits will follow? let's talk about those tech companies. some major moves in the social media space. snap chat down 31%. a couple of months ago this would have tanked the market. this idea that advertisers are this macro proxy for whether consumers are going to end up spending. there seems to be some consensus that maybe they will not be. for that reason they are going to pull their advertising. it is that fear driving snap chat shares lower. it is not alone. it has that ripple effect across meta-, pinterest, twitter as well, but twitter has its own story. perhaps down because of those national security concerns and reviews elon musk may have. the white house has since sa

if you look at the energy stocks that sector, exxon, halliburton and chevron as an example, 3. 5% and anything growth related at all is moving higher, you can pick out well-known companies like apple, microsoft and amazon also having a good day especially amazon with rogaine and the bond market is a big part of this as well, we are at $3.62 on the yield for the 10 year so forget 4% for now. we have come down significantly to the mid-3s on the 10 year yield, that is where we see this argument playing out, week data is a less aggressive fed and more than likely but that over 75 basis points in a month's time but expectations of how high the sky will keep the rates might be pulled back next year, that is where people are looking, 2023, not keeping as high as they were planning, 10% in august, layoffs off a little bit and the labor market is cooling off and the investor looks at that, the fed will cool little little bit with rates as well but whatever the case, good days back to back for the stock market. mcshane. to the white house, where they are digesting this report from the united na

he was angry you had been criticizing halliburton. >> i had been, yes. >> and he told you a phrase we can't repeat on c-span, a vulgar phrase what you should do with yourself. tell us about that. were you surprised when he said that? >> i was. you know, i'd known him before he was vice-president and i was surprised at that and i never said a word about it. there were the republicans saying they were so shocked, they didn't agree with him doing that. and would like to see him do, as vice-president have in both parties, now, go back and forth to the floor. and they told the press about it. so the-- i was up for reelection that year and somebody came up with the idea cheney, vote leahy and six days of cartoons about it and got his permission to have one of the panels on the shirt, they sold out immediately and we had to redo them over and over again. they still show up around the country. but then, as you remember dick cheney had been down in texas on a hunting trip and accidentally shot a friend of his in the face. i was in texas about two weeks later with our son is a pilot and we went

ex-ston, halliburton and pioneer. joining us, cio of pickering energy great to have you with us. >> hi, melissa. >> so surprise, surprise the white house has absolutely no say in terms of setting global oil production. i mean, really underscored by today's move by opec plus. >> sure is i think essentially no one's listening to the white house as relates to the energy market opec's not cutting production when the white house wants more production you've got u.s. producers that aren't drilling more flat since the summer and markets taking prices up when the president is telling us we want price down. so i think that the reality is that the recession or lack thereof is the driver, and opec is the second driver. >> we're seeing a move in wti and a move in particular in brent today. i wonder do you think that 2 million barrels cut is reflected so far there's doubt that that cut will actually happen. >> yeah. i think we look, we're up 10% on price of brent and pi in the last few days. that's filing in take somewhere between

certainly a little bit more, let's say, known and already being -- doing incredibly well, which is halliburtoning terrifically. let's go to dan in california, dan? >> caller: greetings from sonoma county. >> yeah, love so knoma. >> caller: china reopening consumer discretionary how about this tpr tapestry? >> it's interesting to me. it's good and i would like them to come on the show. good idea. let's go to robert in pennsylvania, robert >> caller: hey, jim. >> yes, sir? >> caller: how are you >> i am doing well how about you? >> caller: good. i want your opinion on carnival cruise lines. >> i don't like carnival i prefer norwegian cruise better balance sheet and i think it's going to do better even if the economy goes in a real tail spin let's go to dave in ohio, dave >> caller: mr. cramer. how are we doing tonight >> dave, doing well. how about you? >> caller: all right, man, i'm hanging in there i got my raincoat ready for the storm. speaking of, looking for high yields, low volatility names do you like kimberly clark -- >> i like kimberly clark one point dividend in yield, i'd much rather

he was, i think, angry that you had been criticizing halliburton, the company i had briefly left. yes. and he told you a phrase we can't repeat on c-span, vulgar phrase about what you should do with yourself. tell us about that. were you surprised when i was? you know, i don't in my dorm room before he was vice president and i were i was surprised at that. and it i never said a word about. it was the republicans were saying they were so shocked that they didn't agree with him during that. and a lot of them were like to see them do as other vice presidents have in both parties. you know, go back and forth to the floor and they told the press about it. so. they. i was up for reelection that year. somebody came up with the idea to have t-shirts to annoy cheney, vote leahy and doonesbury. garry trudeau had six, six days of cartoons about it, and we got his permission to have one of the panels on the shirt there. so now immediately we had to redo over and over again. they still show up around the country, but then i remember -- cheney had been down in texas at a hunting trip and accide

halliburton, schlumberger, outperforming xlp and xle. that is a area. could be short-covering. be good news to come about the election. charles: right. >> better power of drillers to start drilling, who knows this is simply an area to watch. oih is favorite within energy. charles: thank you very much, appreciate it, mark. folks, meanwhile the biden administration keep pushing the narrative everything is hunky-dory. how will they spend new projections of economists that there is 100% probability of a recession in the next 12 months, 100%? we'll go live to the white house next. the fed keeps powering, the fed powers keep growing and growing, they're omnipotent. should they be? should they be independent anymore? tweet me your thoughts @cvpayne. we will be right back. ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? ♪ what will you do? ♪ what will you change? ♪ will you make something better

leading the dow after the profit beat as payments volumes surge, and people tend to like the guidance halliburton higher after wells fargo upgraded the stack to overweight, raised their price target to $52 a share. stock up 36.5. so they expect continued research growth despite an extremely tight market right now why have stocks suddenly popped. some will say it's the recent sort of flattening or down move in interest rates. others say, no, no, no it's earnings and guidance, others, meaning this guy, thinks maybe it's a little end of fiscal-year window dressing from mutual funds so which is it we've got colonel bob pisani at the nyse let us start by you. make the case for rates being the real market mover. >> you've made a very good synopsis there, because the end of the fiscal year for many large institutional funds is a big deal, but i certainly do think that as you look at a one-week chart of tens, on the 21st, that was friday of last week, we made our high intraday yields on the cycle of 433 and it looks like we're toying with 4% today we haven't closed under 4% since the 13th of october. it'

now, that's good news for oil stocks, with names like marathon, apa, halliburton, devon.ding the market this week, up more than 20%, look at those moves in week-to-day numbers exxon, not far behind, up 17% since monday and on pace for its best week ever, on record, all-time! but opec's biggest cut to oil production since the start of the pandemic is drawing the ire of the biden administration. and it could have some big implications for the future. kayla tausche with us from the white house to explain hi, kayla. >> hi, tyler in the wake of that decision, the white house is retraining its focus on major oil companies, saying they're gouging consumers and profiting from it, but white house allies in congress want more concrete action to retaliate against saudi arabia and force officials they see as pro-saudi to defend their actions. earlier today, ispoke with progressive congressman ro kh khanna, who's been a vocal critic of the opec decision and the administration's response. he says he wants brett mcgurk, head of middle east policy, to testify in congress on why mcgurk pu

you've got baker hughes, you've got liberty, halliburton, many others those are the ones that are going to move it the vanek oil services etf, the official name, that is up 3% and your disaster de jure, that is carvana carvana, the car sales company, sinking 15%. that stock is down 93% this year i mean, you're down 93%. there's only a couple of things that can happen. you're going to zero, you stay here forever, or the stock rebounds, not today, we're down 17% to a $15 stock >>> all right. let's talk about yields, because we are now seeing decade-highs, all across the curve the two-year, 15-year peak ten-year, 14-year high 30-year, 11-year high. but it's not just the actual rates that are the issue it is how fast these rates have gotten to where they are we were just 2.5% on the ten-year about three months ago. and it is not just here in america. it is the same situation in the uk and europe. so what are the second and third derivative effects of this kind of superspike in rates joining us is ken rogoff, former chief economist at the imf and somebody, ken, you and i had long, extensive

permean is rocking energy stocks, same thing as the market today they ran baker hughes, devon, halliburton the biggest winners. pretty much every stock was up any way. guy adami, energy is one place in the green overall you and have i been talking about schlumberger for years it seems to be -- i mean, the numbers are going to be big. but again, the market has not given it a lot of love in the past 12 months it's kind of weird. >> no, listen, tim has been on this i'll say first of all, brian, you do a remarkable job in this space, and i mean that sincerely. i'll say this. we talked about it last week, we brought it up. very quietly, exxonmobil, chevron and conocophillips are all within a earshot of not just their 52-week high, the all-time high that's happening under the radar. if oil would just stay here and go nowhere for the next six months, the setup for them, i still think it's extraordinarily good i believe what's happened with a lot of these names as the commodity got whacked and dan had a tremendous call in the spring, i think people sold first, asked questions later with the underl

industry since the spring of 2020 with the departure of foreign companies such as schlumberger roxar halliburtonwindow of opportunity for our manufacturers. that's why, as they say, a holy place is never empty. they will soon run out of licenses. one way or another, it will be necessary to switch to russian manufacturers. we have a huge number of products, including a navigator from the sphere and rosneft king yury viktorovich the globalization of digital platforms may affect ordinary citizens. in particular, for example, the cost of fuel at gas stations, where projects like the well digital gas station are being implemented during a pandemic. we are all used to good remote services. this includes the delivery of products from the store and the delivery of products from the restaurant, including contactless refueling at gas stations when the driver can safely, sitting in the car through the application, and refuel their cars, but there is a small catch. the point is that this the commission is a digital platform, but is tied to the price of fuel and pays, just not the consumer will pay the owner

industry from the spring of 2020 with the departure of foreign companies such as schlumberger roxar halliburtonf opportunity for our air defense manufacturers, therefore, as they say, a holy place is never empty. therefore, all this is now occupied by russian manufacturers; moreover, almost every major company has its own division. where to find specialists produce this software. for example, rosneft, at our roundtable, shared that they have 23 products, which they have launched 16 in a series and 10 are even trying to enter the market with ten products, the company has the opportunity to share its product problems with other companies. it has been engaged in import substitution in terms of software products for a long time , so there were no big problems, everyone understood that sooner or later they would all leave, but today those who use foreign air defense systems will soon run out of licenses one way or another will be transferred to russian manufacturers. we have a huge number of products, including a navigator from the sphere and rosneft king yury viktorovich and how much the globalizat

a lot of oils on there as we were talking about marathon, halliburton, devo n.ng tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq - when you lose power, life stops. your home needs a hero. (motor rumbles) introducing power joe by sun joe, the easy-to-use portable generator that runs on propane. just like your barbecue grill. forget pull starts. power joe starts by pressing one button. the secret is power joe's exclusive pro power 3x technology. power start features a lithium ion battery to instantly turn on power joe's 4,100 watt max motor. power cool keeps the motor running cooler and longer. and power fuel uses cleaner propane, and its virtually maintenance-free. power all your devices with multiple outlet options. turn on lamps, the fridge, microwave, heaters, ac and electronics to stay informed. when the power's gone, power joe on! - now, we'll

no, no, we're going for people who are actually good and competing, like going to halliburton. go to another place. >> what are you going to do tonight? >> two stocks that are down badly. i'm going to explain why they shouldn't be down. and i think people should listen because they may be selling these very stocks and shouldn't be >> that's a good tease >> what a show. >> rest up for next week if you think this one -- >> no, no, i'm going to chicago. >> that's right. you are going -- >> i like chicago. >> you're going to chicago >> yeah. i'm going to recreate the future remember that movie with the green river and stuff. >> yes, on st. patrick's day. >> i don't care. >> you don't like snap still >> the what makes you think that >> i don't know. >> oh, just a second there's a new thing -- i don't care that snap just did. oh, look at this they're doing something about evil -- girl power the girl who lives in a basketball and it's right after a very important espn plus ad that i'm sure disney is reaping the benefits of, as they figure out how to digest the fox acquisition. >> pret

look at some of the leaders and laggards in the s&p 500 this morning marathon oil, devon energy, halliburtonay. dasla is the biggest decliner toy. it's off by 5.6% "squawk box" will be right back. ♪ >>> still to come, former dallas fed president richard fisher on the state of inflation and whether or not he thinks a recession is unavoidable >>> tesla missing delivery expectations for the most recent quarter. we're going to talk more about the state of the car market with former ford ceo mark fields. stay tuned, you're watching "squawk box" and this is cnbc. at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. it seems like things are falling apart lately. the economy. the market... everything. but upwork lets you strategically hire talent to weather all ups and downs your business might go through. look at all that talent. ♪♪ >>> a developing story this weekend, the uk government reversing a plan to scrap the top rate of inc

halliburton moving higher this morning. the stock is up almost 2.5%. over year earnings and cash improvements wti up about 10 bucks a barrel over the last month. silvergate capital, down almost 2% this is after a downgrade where analysts have a question about downgrade growth price target cut from $108 to 468. shares still up. shares down 2% right now joe, back over to you? >> frank, thanks. >>> coming up, youtube ad sales also disappointing wall street raising broader concerns about the economy. we're going to talk to industry analyst michael nathanson when "squawk box" comes right back. if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. >>> welcome back, everybody. shares of google parent alphabet falling after the company posted its biggest bottom line miss in a decade youtube ad sales down 2% year over year. that's the first decrease since google started breaking up the results in 2