i actually liked what i heard on friday from schlumberger and baker hughes. we bought some schlumberger this morning. we are adding to our jpmorgan position. we've been long this. we think that tangible book is where jamie's buying it. it's where we've also been buying it. i think even though it's moved today, there's still a lot more to go. >> you're active, as you always are. josh, what do you do with a name like mcdonald's, first earnings miss since '94? >> yeah, and it's a brand-new ceo, too. this guy clearly is -- they're going to shoot first and ask later. the way to look at a mcdonald's is the stock is basically corrected back to long-term trend, a pretty long way from 1.1 the 102 to the 80s. 85 looks like a pretty fat pitch. looks like there's some support. if you really want to be in the name, you might have two or three points to the downside from these levels. i think more broadly, mcdonald's is a good example, the way you want to act during this earnings season is sit tight, let them report, then come in and buy. so far almost no one's given you a

anadarko petroleum rose 5%, haliburton gained nearly that much, and schlumberger added almost 4%. investors also warmed up to coal miners, even though the group has slogged along this year. alpha natural resources and peabody posted gains of at least 5%. these two companies have been vulnerable to slowing demand out of china and competition from natural gas. turning now to alcoa, which reports quarterly earnings monday. it was among the top-performing dow stocks. the shares gained more than 3%, but are down more than5% from last july. research in motion's chief executive was on the defensive today, insisting the company is not on the verge of extinction. last week, the blackberry maker stunned the market with another delay in its new operating system, the blackberry 10. as blackberry's troubles mount, the shares have lost three- quarters of their value in the last year. but apple shines. the stock returned to $600 a share today, gaining nearly $7. and finally, among the most actively exchange traded funds, we see the i-shares emerging markets e.t.f. gained 2%. and that's tonight's

schlumberger and baker hughes both reported results that topped wall street forecasts. shares of both companies gained on the session with baker hughes t posting a 9% gain. and taking a look at the oil markets today, prices for west texas crude and brent fell, after rising steadily for the last several days. investors sold oil futures on concerns about slower economic growth in the eurozone and what it could mean for oil and gasoline demand. one oil trader says he sees crude prices stabilizing at lower levels. >> near term, we're going to ease back a bit. i think we're probably going to be in the high 80s, maybe 85.5, maybe 87.5 will be where we are going to settle back here. until then, i don't see any reason for us to go much higher. we basically overshot our objectives here. >> susie: last night we told you about chipotle's disappointing sales growth. the upscale burrito maker blamed a cautious consumer and slowing u.s. economy. today, chipotle shares got burned. they fell almost $100 in early trading, but they were able to cut their losses and end the session down $

schlumberger five cents above estimates, saw increased business in non-u.s.ts and rebound in deepwater drilling. suntrust earned 50 cents a share, six cents above estimates, higher revenue and credit line lost provisions and xerox matching wall street estimates, cut its full year estimate because of declining sales in shrinking profit margins and we also saw some news from general electric about reorganizing its, did you see this, becky, reorganizing -- >> what's that? >> -- its energy businesses into three standalone businesses. >> i did see this. >> reporting to jeff immelt, power and water, oil and gas and energy management, these results will take effect the beginning of the fourth quarter and john kernicke, who has been on the show lfr, vice chairman and ge inf infrastructure ceo will oversee the transition and the three unit also have new guys returning them and he'll leave the company and serve as an adviser to jeff immelt and vice chairman but will leave at the end of this year. >>> when we come back we have anti-tax warrior grover norquist talking ab

if we take a look at some of the other oil service companies, schlumberger higher as well.ght bid. a little break there between crude and brent. brent is down much more than wti and energy stocks. >> i don't -- a lot of people try to call the bottom constantly now in natural gas. let's see what the companies have to say. a lot of reversals this morning from early morning action. wolverine worldwide down very badly. now it switches. yum down a buck. now yum going up. i like a market where there are a lot of people trying to short stocks ahead of time. anticipating that you're going to see weakness in a yum. then they get slammed upside the head. it's just -- kind of it shows you every time you get too negative you tend to not profit as much as you should. after a couple days down. >> right. you know, we're at the very earliest part of earnings season. of course, we've heard from hardly any companies. a couple warnings. one in particular this morning from amat. in terms of multiples, in terms of where this market is having kind of hung in there, do you think it's overvalued g