. >> i was taking a look at halliburton. we mentioned this last week when someone asked us about natural gas which of course did not actually really rally today. if we do see cooling demand that could increase a natural gas demand. halliburton would be the way to play it if you choose. they are heavily exposed to domestic production. the company is cheap. if they can live up to the eps that we are talking about. basically taking a look at capital return in the neighborhood of $950 million per year between basically share purchases and dividends. i think they will report earnings on july 19th. right now options are as cheap as they have been since the pandemic. i was looking at the 3440 in september. i was looking at that earlier today. about $2.40 per contract. your mileage may the -- may vary a bit. i think if you are inclined to be a long national gas, this is the way to do it. >> halliburton has underperforming shown recently, but a big day today. >> brian, what do you think? >> the fed might not stick the landing on infl

halliburton count on you to be able to give you money which pays back very quickly.e a company like s.a.p. money and it pays itself back? maybe you can describe to the people why halliburton needs as a piece of badly they're willing to spend up front in order to get a return later. >> many other u.s. companies actually want global business. we are running over 130 countries in the world. look at all the contention. there is no other company than s.a.p. then your software and your business over 130 countries in the world. second, when you want to change your business model you want to offer your product subscriptions or more pay-as-you-go business. you actually want to personalize your product if you want to sell more and have next day delivery. this is s.a.p. next year we are going to deliver because we are wanting the material flows of the world so we can measure carbon footprint not only for halliburton but for all their suppliers. you're certainly going to see her carbon footprint and that sets you up to all the d carbonized supply-chain and want a more sustainabl

they have optionality built in if you are looking longer term, look to slumbergais and al halliburton fan asks would you weigh in on the jepi >> i'm inclined to buy it. it's got a 7.9% yield and this is the kind of thing one wants to put trimmed profits into action >> unusual volume/open ask activity spotted in the imw etf. mike >> you know, i like this i might look a little further out than august 4th. this actually is very much in line with the theme we were talking about in the beginning small caps were big laggards iwm represents them. call spreads makes a lot of sense hear up next, final call. how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost is just another word for not as good as mine. the queen sleep number 360 c2 smart bed is now only $899. plus, free home delivery when you add an adjustable base. shop now only at sleep number. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [in

we've been talking about oil over $78 earlier there's halliburton.e oil stocks up, hess, valero, occidental, up 15%, 16% this month yet this sector is generally down for the year. halliburton is down. that's why it has plenty of room to move forward potentially. i've been talking about freeport, one of my favorite names in the world here. this is copper and gold primarily. freeport struggled because copper prices have been flattish this year. big problem with growth over in china. but it's starting to break out a little bit here. we're up maybe 8%, 9% so far this year, even some other sectors like mosaic and the materials group, that's fertilizer, also starting to break out. industrials are doing better we mentioned small groups of industrials hitting new highs recently not caterpillar, but it's almost there. the old high for caterpillar was $264, now $261 it was a new high a while ago. it's had an incredible two-month run. it was $210 two months ago there's the broadening out i know i'm beating the regionals to death it is quite remarkable keycorp,

energy stocks, halliburton up 4% . a record move. venting dickinson up 5.5% after encouraging fda updates. we have seen a decline in gilead sciences after a disappointment in the drug trials. spotify under pressure. they will have earnings and that will be one of the big themes in the week overall. matt: earnings is huge right now. a lot of people are saying don't worry as much about the fed, earnings are on the front burner . let's talk about what is going on in the macro. top economists say the risk of recession is fading fast. the record -- the message being sent keeps getting louder. we are talking about the three month, 10 year treasury curve, what jerome powell says is more important to him that has predicted last seven recessions. ed yardeni says it is all gained without much pain. rates of pleasure having you here. thank you for your time. i read your supposition about what the yield curve might mean and i said it is elementary. how had i not thought of that. it doesn't necessarily mean it was a recession but inflation coming

if you are looking longer term, look to slumbergais and halliburton. >>> next fan asks would you be inclinedn on the jepi carter, do you feel so inclined? >> i'm inclined to buy it. it's a bearish to bullish reversal it's got a 7.9% yield and this is the kind of thing one wants to put trimmed profits into action >> unusual volume/open ask activity spotted in the imw etf. 205/210 for august 4 expiration. your thoughts, mike? >> you know, i like this i might look a little further out than august 4th. this actually is very much in line with the theme we were talking about in the beginning small caps were big laggards iwm represents them. call spreads makes a lot of sense here >> up next, "final call. he snores like an angry rhino. you've never heard an angry rhino. baby i hear one every night... every night. okay. i'll work on that. the queen sleep number 360 c2 smart bed is now only $899. plus, free home delivery when you add an adjustable base. shop now only at sleep number. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? yo

if the production hasn't really been rallying, halliburton would be a way to play it if you think it will catch a bounce here. they're more exposed to fracking, heavily exposed to domestic production. 50% of revenues or so come from the u.s. the company is cheap if it is live up to what we're talking about and taking a look at capital return to shareholders, probably in the neighborhood 950 million bucks full year between share purchases and dividends. so i think they're going to be reporting earnings on july 19th. right now, options are as cheap as they have been since the pandemic so i like playing a call spread here to play for additional upside i was looking for the 34-40 in september. admittedly, i was looking at that earlier today the stock was i think under 35 bucks a share when i was looking at this. about $2.40 a contract your mileage may vary depending where it opens up monday, because we did rally almost 8% today. it's trading at probably 13 times full-year estimated earnings if you're inclined to be long natural gas, that's a name clever to it. >> you like the charts here

halliburton was the biggest gainer on friday there's a belief there hasn't been enough growth in americanway to get growth is to drill more or find out that your reservoirs have more in them and that's been core labs. >> i'm glad you brought up oil services, because a lot of them are bumping up on 52-week highs, whereas the crude itself is not far from 52-week lows. >> i know, but there's a sense that, for the longest time, they used to drill, drill, drill, and then they switched to a, let's make money, go for dividend, then oil prices collapsed, year over year, and so now people feel they have to start showing growth and the only way to show growth is to bring halliburton in it was much more expensive to drill not that long pack pricing has come down. the idea that you can drill for less expense because there's no longer the level of inflation, and you can show growth appeals to wall street halliburton being up so much on friday >> yeah. and overall, your view of oil prices how does that fit in with your macroeconomic views? >> look, my views don't matter as much as what people feel abou

broadest possible exposure to anything good that's going to happen in the space we talked about halliburton, 50% slb, looking at a bigger one, 50% if they manage to get up to it i will say as a caveat, their free cash flow was disappointing in the last two reporting quarters i think, again, expecting if there's going to be a move we're probably going to be getting it coming out of earnings. one of the things you can do, similar to the tests of trade, risk a little bit of the current stock price to make a bullish bet here. i was looking into august, 57 1/2, the call spread. lay out $1.50 for that going to be risking less than 3% of the stock price to make that bet i think that's the way to play it going into earnings here. >> carter? >> strong stock, a lot of immediate momentum and i think it goes higher we can look at a chart, but what we know is a big week for the stock, a big week for oi services, and this is the third big week in a row where you're up more than 5% on the week, and yet so far below where it's been i'm a buyer. >> brian >> yeah. i mean talking about stocks to own in a weak

i started thinking about halliburton and asbestos and 3m and is this what this is going to turn inton i thought here is the difference between at&t and those three, when this potential future litigation came out, it was trading as if it was worthless. they had aaa balance sheets which the class action attorneys love to go after i thought the stock is already so depressed hang in there, wait, try to get more information they didn't put out a press release right away, i want to wait for the earnings call and then i will make a decision. >> the street doesn't really know what to make of it, it feels like it was downgraded today. they're talking about new material risk, a quote from their note today from "the wall street journal" investigation. deutsche bank says we don't see it as a $34 billion problem. >> i think in the 1960s that was just protocol, they wrapped them in lead and buried them and put them up high on telephone poles. they've removed a lot. they said in "the journal" article over the years they've done studies where sometimes removing the cables is way more detrimental tha

halliburton leading the charge in that sector and of course, we have exxonmobil reporting later thisrades are coming up next on qw"halftime. i needed something to help me gain clarity. so i was in the pharmacy and i saw a display of prevagen and i asked the pharmacist about it. i started taking prevagen and i noticed that i had more cognitive clarity. memory is better. it's been about two years now and it's working for me. prevagen. at stores everywhere without a prescription. (bobby) my store and my design business? it's bwe're exploding.ars now and it's working for me. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business. it's your verizon. >>> are you following the halftime report podcast? what are you waiting for in oklo for us on your favorite podcasting app follow the halftime podcast now. at pnc bank, you can find us in big cities and small towns across the us, where our focus is to always support the people who live and work there. because you

. >> what a great company, this is halliburton, has also been very good, there's no flaws in it, slb well-run, and i would recommend the stock. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> coming up, is all the focus on the federal reserve overdone? cramer shares his thoughts on all the obsession around the central tanks every move. next. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ >>> why did our obsession with the fed fail us this year? at least from the perspective of money management? that is essentially coming up with the head of the bed being winsome, they want a moment where all eyes are on the fed, but -- if you are trying to make money in the stock market, as we are. first it makes sense to focus on the previous years because of its unpredictability. -- feels uncertainty, uncertainty fuels -- so, we have plenty of reasons to have more coverage, but this country turned out to be very diffe

the s&p 500, dickinson, halliburton is on the list, another oil company.phabet, they report later this week, the big subject here is artificial intelligence with the big tech companies show the results of the a.i. walking up to that with again for alphabet and also microsoft today, check the ten year treasury, where are we down a little, 3.82%, price of gold $2000 an ounce almost exactly, 2020. check for quite still below 30 grand, 29100 writenow. still ahead guy benson joe concha, mike waltz and chair of the house ways and means committee, powerful guy jason smith. the 10:00 o'clock hour is next. ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪

eog, marathon, conoco, halliburton. all of them are all up at the same time.en trying -- it's been moving up all month. it's trying to break through $80. it's the highest level since april. so, there's two big winners. there's the broadening out story for you. but it's not everything. consumer staples names have been struggling all month there's kimberly clark it's down 5% hershey's,conagra, general mills, they're all down. the broadening out story is not extending through the entire stock market a lot of these consumer names are having some trouble trying to raise prices after several years of doing that. i think the big story in the second half of the year is going to be some push back on the high prices that's going to mean, of course, potential cost cutting for some of these companies who aren't able to do that anymore. melissa, back to you. >> bob, thanks. >>> a call from oppenheimer grabbing our attention reiterating top stock picks for uber ahead of earnings on tuesday. they see the so-called super app growing as the return-to-work push continues and ex

needs the money too badly, we all just a couple of oil companies, and by the way we just trimmed halliburton i just mentioned. next up we have walton florida who says -- fortune is rated 121. i have not heard you talk about j bone in a long time, what is your industry? >> don't really like it, but this is the best in the business, and you are right, i have not mentioned it. why not? because i always fear this would be the quarter, it's been inconsistent in my lifetime, but not in the last few years. i need to reopen the books to see if there is not more to it, they are the contract manufacturer for almost every major company i know, the company. so, let's go to casey who asks what he think about the iranian market? i think cam coe is a cold stock, i think the uranium market suffers from that at the most impossible to build a nuclear power plant, i know there are people who say it is -- about to reopen, people will be very upset, i'm not going there. i'm willing to pass on what i regard as speculative and excess. yes, okay. i missed 20% in the last two months, but that's okay, you cannot have

the oil service companies are having a fantastic month slb, halliburton, up 19, 20.energy companies, the exxon and chevron are flatter. it's really oil services companies doing well another interesting play is to try to watch artificial intelligence as a story expand out. we know the microsoft and nvidia stories. there's an attempt to argue some other companies outside of tech, like old industrial companies are potentially a.i. stories here's inger so will rand, up 25% just recently. this is this year. this is the second largest industrial compressor maker in the world. the argument here is their very position for automation, industrial automation, anything that does that is ripe for intervention with a.i. and that's a big potential people buying partly this stock on this. eaton is another one it's up 30%. they do power management for industrial facilities. so, the more factory automation you get, the more smart devices, you have ever more sophisticated power management systems essentially. the argument here is anything related to industrial automation is related pot

here it is, $106 that moves directly in line with the price of oil some of the other names, halliburton a nice move up was 33 last week, the highest level since march right now. these stocks are starting to break out a little bit it's only a few days but bunge, it was $92 two weeks ago now it's $102. this is one of the big global agricultural commodity stocks. you want to see other names break out, mosaic, for example, slow but starting to happen. you're looking for early patterns of signs of some kind of breakout. and then the banks u.s. bankcorp, highest level since april. we got an upgrade, believe it or not, bank of america has $40 price target on it but it's a buy. this was $28 a couple of months ago. you can see now close to $35 by the way, this pays 5.5% dividend 5.5% probably the highest of any of the big super regional banks so, there is some early signs of this broadening out. meantime, the s&p 500, i know it's a drib, drib, drib, up five points, up ten points. the old closing high, $44.55, july 3rd, only 30, 40 points away from that move up this broadening out does have an in

but names like tidewater and i don't own them just yet, diamond offshore, halliburton and schlumbergerprices. if they tank again they will bring them down but i also read a story the other day where the cost to produces are so much lower than they used to be, that will really help the profits going forward. i think that may be a component of what's going on because oil prices have made a little move last week but certainly no bull fashion at this point. definitely the oil services, again, very narrow but that's the air to be. charles: by the way, i saw did some work over the weekend, we can combine the first two parts of this segment, small cap and oil and do the small cap oil names. they're looking pretty intriguing. i couldn't let you go without asking about semis. what the market does, semis are on fire running into a little bit of resistance, hold, buy, taking profits, what are you doing. >>> i'm holding. they finally hit a wall, pulled back but that is pretty normal. watch avgo, another great name. monolithic power, mwpr, another good day today. if kla 10 core and equipment-makers

showing leadership and chevron had a pre-announcement and independently of that oil is near $78 halliburton been moving up and hess, occidental and the entire energy not doing very well going into july all outperforming. so give you a sense of where the sectors are here this is what i mean when i say broadening it means banks are leading the charge it means energy is leading the charge the russell 2000 small cap has underperformed all year. suddenly and it is now outperforming and the s&p is up more than 2% the dow transports were at new highs recently up 4% for the month. metals and mining. these are a cyclical sector and you'll notice technology is not on this list it is, in fact, lagging for the month. speaking of earnings, of course, we will have techearnings as jon mentioned coming up here and of course, the big one is alphabet, microsoft, texas instruments and meta, seagate and stmicroelectronics and we know a.i. has led and cloud is strong the question, i think, for a lot of people is can this a.i. revolution broaden out it's got to be a bigger story than just microsoft and nvidia, o

i almost bought halliburton and schlumberger, i backed away on this second, maybe it is a little overboughtm trifecta looks like they're in gear also. definitely broad-based move here. it has gotten to the financials. airlines, cruise lines, they're on pullback mode. i think you go with it until it ends, again if i was just a fundamentalist i would be pulling my hair out right now based on some of the earnings but i'm a technician first and technically the market has been improving on a weekly basis and until that changes i go with it. charles: yeah i mean we got crude oil up on the screen over 80, 81. we're near a breakout there. some sectors still have a long way to go potentially like those chips. the jobs report is on friday. i know at some point which would love to have a discussion not even think about the fed. you still have to have that in the back of your mind. if it is finally benign, or number significantly below consensus, it would be a back-to-back bad job numbers. would that be enough to maybe push the fed out of the way, just let this market trade on its own? >> i think kind

look, halliburton, schlumberger, oii all look like they're going topside here and you can see it andnd big oil are now starting to join in. the only bad news oil prices are sticking their neck up now which won't be so great at the pump but for the stocks it looks like the big money is definitely flowing there and of course it is a commodity. so you watch all the prices f they continue to go up this whole area is going to move higher, leave know doubt about it. charles: the thing is that for a while these oil stocks were trailing. so you know, you know, you had oil moving higher but the oil stocks weren't. maybe you're catching up. let's talk about commodities in general. last week the bloomberg commodities index blew through the long-term trend line on convincing volume. a lot of people were saying this is the place to be. you like anything in the commodity space other than oil? >> the commodity space has woke up also. you remember june 2nd i said the broad market came out of of coma. i would say commodities also. the xls, which is steel, those are the places. the strongest stocks in

can make a very reasonable cogent case on valuation for all the components of it, specifically halliburton and slumber jay. aime i think wolf, on july 10th, downgraded exxonmobil to pure perform, which is fine it was the exact wrong time. i think exxon into earnings, who had a great quarter last quarter, is probably going to rally in earnings this quarter >> exxon was a leader today in the group. >> what is interesting, carter reminded us that the s&p, energy is 4.2% or 3% of the s&p, i've been saying, i think that's going higher so far, it hasn't. but guy's talking about services, gummer w they beat orr the last 17 quarters they have a balance sheet that's as good as it's ever been. we have seeing significant drilling demand in some of these far flung places that at least at times during bull markets in the energy space, you actually have seen oil services names rally, so, i've been long this name for a long time i feel really good about the consistency of the earnings profile and the margin profile it's one of the few places where margins are improving. their costs are coming down. and i

banks in there with a pretty good week, including zion, comerica, and some services, including halliburtoning through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire - i got the cabin for three days. it's gonna be sweet! matching your job description. what? i'm 12 hours short. - have a fun weekend. - ♪ unnecessary action hero! unnecessary. ♪ - was that necessary? - no. neither is a blown weekend. with paycom, employees do their own payroll so you can fix problems before they become problems. - hmm! get paycom and make the unneces

keurig, dr pepper is in the lead, although a little bit of energy in there, halliburton, s >> there areat are going to work, but when you see endless cuts to rails and to trucks, that's the real economy. and the real economy's not doing as well as the travel economy. someone raised norwegian cruise. you know, they took it from low teens to mid-teens that's like norwegian wood is what they're using in their head "nor "norwegian wood" is producing those numbers. >> this bird has flown >> they got to be on the haven >> well, speaking of consumer worries, a firm today, jim, i know you saw piper goes to underweight 11 at a time where we are paying attention to delinquencies and even b of a credit card data down 0.4% for this past week >> but affirm, the numbers of the falls were quite good. so, that's just a kind of piece that just says, we're going to have recession, and it can't be good but max managed to put together a company that doesn't have a lot of defaults, but it's also something you're not supposed to own at this point in the cycle sofi should have been up much more after the stud

oil giant's return and under performance compared to peers other leaders include exxonmobil and halliburtoner on oil services those as oil prices notch their highest levels since mid-april keep an eye on the prices. and those oil services companies now, melissa, i will send it downtown to you at the stock exchange. >> thanks. >>> coming up, the growing battle between the sec and crypto exchange coinbase as the shares continue to surge on the year check out shares of sharp ninja, surging in the spinoff debut on the new york stock exchange. 35%. halted a couple times this ssn. the company's ceo will join us in just a moment don't go anywhere. this is your moment. critics declare oppenheimer is magnificent. the new york times calls it staggering. it's utterly enthralling and one of the best movies of the century. >>> despite maybe because of strong economic data last week, many on the street still wondering about the odds of a soft land org any landing at all. here with his rapid update is economics reporter steve liesman. >> i'll try to read it slowly. surprisingly strong consumer spending an

across the board but specifically in the energy sector you have names like valero, halliburton and hesas crude oil prices continue to march higher, as you can see there. chevron also in focus after announcing that big upcoming cfo transition, allowing ceo and chairman mike werth to stay on as the company's chief executive past retirement age that's mandatory. the oil giant reporting preliminary second quarter results saying it dolled out over $7 billion worth of returns to shareholders through things like buybacks and dividends during the quarter chevron will post its full numbers this coming friday alongside oil giant and competitor exxonmobil. keep an eye on mega cap oil and rising oil prices. we'll see if that momentum sticks around. >>> stick around, we he reavmo "squawk on the street" returning after this commercial break. ♪ (upbeat music) ♪ ( ♪♪ ) woah. ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. ( ♪♪ ) ( sfx: people cheering ) ( sfx: stock exchange