if the tape rolls over, if oil rolls over, schlumberger will roll. short schlumberger. >> got it.close. buy or sell? yurio, kick it off. >> i'm selling. it looks like a failure. >> patty? >> i'm out, too. >> ryan kelly? >> since everybody else is selling, i want to sell but i'll buy on the last tick. >> all right. >> clean sweep, so to you, mel. >> that does it here at the "fast money halftime report." be sure to join us tonight. >>> up next, "power lunch" debates the high cost of culture. >>> we have a terrific hour coming up on "power lunch." should you still trust in tech, given the run that particular sector has had? >>> and then a cnbc exclusive, the ceo of harris corps. and a fierce face-off, abercrombie and fitch versus beyonce. it's all about the scent of money. back in a minute. >>> a little more than half of the trading session and the dow is edging lower, jep opardizing its winning street. andrew cuomo said four more pension firms have agreed to restrict campaign contributions. and sources tell cnbc that bernie madoff mansion is under contract. it went on sale two weeks

. >> schlumberger was up 4%. guy. >> schlumberger. downgraded on monday by miller tabak.big valuation. 23 times forward earnings. june 11th. it made a high of 63.78. closed above there. breaks down, you can probably short against it, though. >> pop for barclays up 3%. tim. >> no better example of the survivor of the financial crisis. up 160% this year. more risky assets up their books and more profitable than ever. >> aetna was popping today up 4%. pete. >> another one of these goldman sachs just happened to like this stock today as a matter of fact they raised the price target and all the negative seems to be built in right now. nice pop for the entire industry but aetna real nice problem. >> and pop for "america's got talent." pete's favorite show. tonight the much-anticipated finale of "america's got talent." the fourth season has plenty of talent to choose from, from comedian grandma lee. no relation. to opera singer barbara padilla. the finale's got it all, including a special performance from susan boyle. >> guy, you're watching? >> that was the funniest line ever.

schlumberger, as goldman upgrades that stock to a buy. there is positive news to report, mostly related to goldman sachs. citi has taken estimates and the price target higher. they expect more market gains there. going to 215 from one 75. . finally we want to talk about campbell soup. improved gross margins, the story there. nat semi also out with numbers. let's go up to berth ta coombs. >> perfect segue, scott, because the chips have been an interesting conundrum. we seem to have a sense from analysts and from what we're hearing in terms of preannouncements that are kind of perhaps bottoming, we're starting to see an up tick of demand. whether it's sell-through or start to go replace a bit of inventory that's worked through, that's the debate. one of the things we're seeing is different kind of performances from different kinds of chip stops. you would think it's a bad day for intel, yet roth upgrading numbers today, including intel. they also upgraded volume terra, and marvel, which hits a new high again today after microdevices and tex

gould and schlumberger. and i like transocean. this combination is brilliant. brilliant.o to jan in florida. jan? >> caller: hey. a big florida gator boo-yah. >> oh, man, gators look great, boo-yah. boy, they're number one. the tebow boo-yah. go ahead. >> caller: i'm still trying to get to get back to even which i ordered last night. >> oh, i appreciate it. will be out in many book stores if not all of them. go ahead. >> caller: my bound stock is tnh. 14% since may. >> i like the 8% yield, but remember what i did is i switched and said buy potash. i did say buy right here, 94, 95. it's still right here. i need you to be in potash for capital appreciation. tnh for dividend protection. louis? >> caller: what's up, jim. ba, ba, boo-yah. >> give you a jumbotron boo-yah. >> caller: it's only the 20 to the 20, right? >> you bet. >> caller: jim, what do you think about the stanley work? >> at this point, stanley work and black & decker have had such unbelievable moves. i would like a cool 10%. but stanley works is very well run. the end market for housing's come back. no one bel

they did upgrade schlumberger from to buy from neutral. >>> president obama will visit wall street on monday to mark the one-year anniversary of the collapse every lehman brothers. we saw tim geithner defend the moves last nights on cnbc. what do we think? do we face more regulation and higher taxes? as a result of what's going on? firing off, former clinton white house staffer david goodfriend, and ron christie. you have 20 seconds to make your case, ron. let's start with you did we overspend? >> i think we did. i think they spent too much, and america is in a perilous financial situation. government spending is not the sluice to try to get out of a recession. we need to cut back, reduce of size of the deficit. >> david, you heard ron, he says there was overspending and that it was a bipartisan mistake. >> here's what's going on on my planet. right now we've seen the stock market have its best six months since 1938. right now the american taxpayer has made $4 billion on the bailout. that's right, made it on the equity that they got as a result of the bailout. right now we've come awa

schlumberger just cresting at dubai from neutral. it's higher today. keep up with me. minute to walk, 5% higher. it was kicked out of the s&p 500. best thing that ever happened to them. maybe. stocks up 35%. booted at the end of august. the stock is now a strong buy from neutral at buckingham. and then also mentioning textron here today. lots of positive comments on the industrials here today. up almost 5% from overweight to equal rate. ann taylor performed higher. they think the stock is headed to 19. also, best buy down 1%, 1 1/2% here today. they say there's little room for upside or for additional upside at oppenheimer. the company has been taking advantage of the market share disruptions due to the demise of circuit city. they bring it down to what they call perform, which i would call neutral, from out perform. and lastly, let's check out clorox, down 1.6% to neutral from buy it goes at goldman sachs. mark, back to you. >>> we had a guest within the last week, i believe, who recommended chesapeake. wasn't -- it was only a few days ago, on the basis that gas was s

schlumberger and smith go from sell to neutral. cocoa, 5% higher. it's a buy rated stock now at argis. also lay, mosaic and potash, erin, i love to talk to you about pot, cut from hold to buy at citi group.p. the ball is in your court, as they say. >> i would know nothing about pot. >> or tennis. >> the financial meltdown, a once in a lifetime event, steve liesman sat down with the ecb, chief of the european central bank, jean-claude trichet. steve asked mr. trichet whether the regulatory reform is going away. as we get further and further from the brink of collapse. here's a little piece. >> it would be the major mistake we could do, and always a danger because we took decisions that were extremely bored, extremely not conventional in many respect. we could avoid a meltdown. we could be absolutely stupid to say now business as usual, the market are functioning as a force. we are bound to take in the public, decision, and we are not authorized to do that again. i would say it would be very, very abnormal. we have to get things fixed. >> and that was

>> schlumberger is all oil. it's a spread between oil prices and natural gas prices. right now 27-1 used to be, or average about 6-1. thoo that's going to be somewhere, as we were talking before, mark, we're going to have some cold spout and, boom, it's going to go off to the races. good bet. >> for the record, ron likes qualcomm and jpmorgan and sean clark, you like intel and you like commodities? >> what we like that whole base material theme, whether it be the stocks end or commodities p. we own copper, base metals. we just had a position in gold, companies, coal, steel, consumer discretionaries, that whole economic recovery theme is where we're placing our assets. >> okay. guys, thank you very much. ron, sean clark, straight ahead, erin? >> all right, mark. straight ahead, the banking committee ranking member senator richard shelby will be live in our studios in washington to talk about the financial regulation proposal. it is that and health care that the administration says we're going to vote and pass. will they? and we'll get a deal on that health care. tdd#: