they lost a lot of their lead in the last moments of trading but halliburton, schlumberger. there are good stocks and good companies beaten way down. maybe now is the time to get in? >> well, look, for long-term investors, yes, for near term traders, perhaps not. we don't know if a bottom has been had or not but include names like exxon-mobil and chevron with yields of over 3% and over 4% respectively. you're getting paid to wait and oh, by the way, these companies also increased dividend as well. so this is, for long-term investors we think a very attractive entry point. liz: attractive entry point. as mark began discussion in pits of cme it, was a ripper of a day. why are we ending at session lows? what do we interpret from that? could it simply be people are waiting on the good ol', all american federal reserve and that is at the heart of this issue? because we have the meeting tomorrow and announcements. >> that is what is going on a, liz. tomorrow we have the meeting. the selloff today is also a lot of trimming of positions. we're really close to year-end. we should see

schlumberger i like an awful lot but i think cap x budgets we haven't seen them start to roll over. when that happens i think the services guys are going to take it on the chin. we've talked that i'm not sure how the whole baker hughes halliburton deal will transpire as well. something will have to get renegotiated i think given the drop in oil places. that would not be the one i would focus on. royal dutch because it's a special situation a restructuring story, they are selling $15 billion worth of assets this year, returning $30 billion in cash flow over the next two years and so i like that in the face of the volatile underlying commodity. >> you have a take on the big integrated names? >> i mean, not a specific name but swn, southwest was in barron's also. >> yep. >> i can't believe you're going to knock down the price of natural gas 20% because of what the front month contract does and turn around a year from now and to me, these nat gas stocks at some point become close your eyes and buy them. >> i tend to agree with stephanie on that list of barron's and i think that, you kno

>> no more than the schlumberger -- remember fracking sand?ot of people were bullish about those. really, the schlumberger, $200 call, a bull case on free cash flow june 26th. if you look at that, that is the top. i think what you're saying is, well -- wow, see, okay. right here we fell in love with schlumberger, i'm just saying, yes, all these, though, if we use a 2009 paradigm, they could go lower, but then they bounce whether there suddenly becomes some discipline to the market. right now there's no discipline to the market. everyone is just pumping like mad. >> we're going to be watching the price of oil, of course, which is right around cut in half since june, watching the ruble and oh, yeah, we've got that opening bell. we'll be watching an awful lot of stocks. we're back on "squawk on the street" right after this. ♪ you don't need to think about the energy that makes our lives possible. because we do. we're exxonmobil and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life ta

>> my column in december i talked about, oxy and schlumberger, apache.se stocks from a cash standpoint. they're very hello think. they're very diversified. they're not relying on expensive technology like oil wells. if you get stuck in value patch, at least go to a diversified value patch. david: okay. the u.s., as most people know has the highest corporate tax rate in the world. lowering that rate may be one of the few things republicans and democrats agree on. will it happen in 2015. cheryl, what do you think? >> i had a off-camara conversation with a congressman he thinks it will be pulled off the table. that other things will come to congress's attention. we talked about the corporate tax rate, when push comes to shove in january when our brand new senate, republican-led senate comes to convene and congress as well they will push that to the side and that is unsupport gnat. david: wow. even owe though larry, most people agree, we'll hear this from lee in a moment, nobody pays or at least big corporations don't because they have all their special deal

and if you take a look at the price action in a schlumberger. off new 52-week lows. they finished the day in the red. >> could have been worse. >> yeah. >> i guess my point is if you're buying utilities. if your utilities are leading, that's a defensive play. so to your earlier statement, china, germany, manufacturing data was not impressive. here was a little bit better than what people with the survey was. but i use this as an idea of the energy rally is not going to last. for me, i would stay with those reverse trades. you're buying the airlines. i wouldn't be a seller here. but that's the knee jerk reaction is to sell everything. you had sellers in airline stocks. sellers in retail names. so across the board. are you going to be a buyer in oil names? and in solar names going forward. and i don't think it's going to last that long. >> you know, we're talking about single stocks and really some pretty dramatic price action on individual level. over the last 30 days, realizing a 1% move. we've been lulled to sleep a little bit here about the grand what are bond yiel

i like schlumberger agents more than halliburton.he problem with a lot of these guys, when you go look at the long-term liabilities they're immense, remember what boone pickens told us. if the company has a lot of debt, by just cash flow, he is concerned. he thinks that they could be dangerous. i am with him. things have been ugly for oil. we're at a critical inflection point. don't take the eye off the chart. much more "mad money" ahead, including a deeper dive into the oil. then a took -- gw pharma is on fire, but can it go even higher? plus all your calls answered on "the lightning round," so stay with cramer. >>> here's a speculative drug company. gw pharma is the one legitimate play on medical marijuana. first of all, it's an actual drug company that uses marijuana derivatives to develop real medicine. second, it's british, which means unlike a u.s.-based companies it doesn't have to worry about making a large quantity of pot, okay? that's a class a felony. in fact gw -- that's a mouth spray for multiple sclerosis spasms, which

drillers, schlumberger. nabors. and hess. not participating noo n today's rally, tesla. fell below 200 for the first time since june before coming off lows. now just down about 1%. overall a big day for oil. the question is whether the gains hold. >> that really is the tell you. want a reversal like the one we've had today to actually have staying power. and i don't care if it's staying power for the rest of the afternoon. you at least want to see something hold. >> you want volume and you want follow through tomorrow. >> we've got volume, particularly in the options world. so today going in we've already traded over 11 million contracts. >> coming up. one financial firm is the most attractive global restructuring story and he is the street's biggest bull on that name. and then goldman sachs upgrading the internet space. we're going to break down the names. and then josh brown found a gem flying under the radar from the carlisle group. >> much much better. hello, hello is this thing on? >> wait until you see the rest of that? you will when we come back. but what if you c

halliburton, schlumberger, exxon, chevron, all with down arrows. mcdonald's on the dow jones industrial average also lagged after global same-store sales were weak. we did see some names that hit new highs including visa, disney and home depot, positive arrows at least during the day, not necessarily the close. energy, materials, technology were particularly weak. charles? charles: i thought you were supposed to get us to 18,000. thanks a lot, nicole. here to help us out, our friend, anthony scaramucci, skybridge capital and a fox business contributor. joni courtney back to help us, plus scotty nell hughes, she's brought the sunshine and the pink dress. hitha herzog, our retail expert, you and joni thinking purple. and matt mccall, founder and president of penn financial group. the first real, real deal here today, well, listen, it's all about a continued freefall in the price of crude oil, guys. perhaps you can start to sense also maybe a little bit of panic on some of those nasdaq high fliers as well. there weren't a lot of positives, i will take

>> caller: i got to invest in a number of oil stocks, schlumberger, halliburton, phillips 66. i have national oil well varco and i'm thinking if i shouldn't sell himy holdings and increasi my holdings in national well varco. >> i think they are not done going down there are a number of cuts to come. what we have to wait for, we need to see the analyst get ahead of things and say listen, i'm cutting. these stocks do not bottom until you get the number cuts. that's when you can buy more. wait for the number cuts. who said life was fair? sometimes the market just makes up its mind. if the stock goes lower and oil goes lower, it may not stop. much more "mad money" ahead. can this play on medicine providing a healthy return and a fridge full of reasons why your money should get a little more familiar with man's best friend but a world class health care conference wraps up. i'll reveal the winners worth buying. that's next, stay with cramer. >>> on a day where the market sg reeling from the collapse and oil prices, let's not forget there are tons of terrific companies that have no e

it is taking names like hess, chevron, transocean, schlumberger, down as well.se stocks plus others now trading at share lowest levels in a year. and energy companies around the world are starting to adjust their production forecasts to fit this new reality of inexpensive oil. and what did opec just do? it cut its oil demand outlook for next year, saying global demand will fall to the lowest point in more than a decade. and the energy department cut its gas price forecast saying driverses can expect to shell out $2.60 a gallon in 2016. by comparison you're spending 2.64 today to fill up. so this is good news and it is also good news for retailers like costco who is a winner today. the warehouse club posted stronger earnings. lower gas prices is a double win for costco. it pays less to fill up its gas pumps. second, those savings are passed on to customers and can spend more freelly at its stores. lower gas prices, lower oil prices, a double-edged sword, shannon. shannon: it works both way. thank you, lauren, very much. >> thank you. shannon: don't miss lauren si

it's really gotten hammered this year, but it's well diversified and two big holdings are schlumberger and halliburton and also, finally, the third one is kinder morgan. you want to talk about diversification, a well-diversified energy company. it's easily out. a lot of interest. one thing i want to say, sue, this is a real buy the dips kind of a trade. investors looking for weaknesses in the market so a day like today when energy stocks are down you want to start to nibble on these things, but really wait for the weakness. >> all right, jeff. thank you so much. now to some more opportunities, but this time overseas. india is soaring. chinese stocks seeing their best one-day gains since the year 2012. stock market there up almost 40% this year. it's been white hot, an incredible run. bob pisani, as you can see, is next to me here on the floor. he's tracking rally and dominic chu on the etfs riding the rally overseas. bob, you go first. >> who would have thought, mainland china dead for years, been roaring back. 4.3% today. almost vertical since the middle of the year. let me show you y

i'm talking about old-style oil stocks like halliburton, schlumberger. stocks that may not be directly on every bit of work they do related to oil. but they have maintained their value. you think maybe halliburton has been beaten down as a stock long enough and hard enough, so now is the time to buy? >> really is. again halliburton which trades at 9.8 times earnings. reflect whack on utilities thing. they're trading at 16, 17 times forward earnings for utilities companies. when rates go up they will go down. stay away from high valuation stocks. david: we have a fight here. >> definitely. i'm ready to battle. >> then take it, lance. do you think that, i tend to agree with brent on that, especially jeff saut, keep referencing him, he said stay away from utilities even though they have been such a winner this year? >> i have to agree when interest rates begin to go up then there will be a time to leave utilities but right now there is absolutely no indication. look, 2013 -- liz: you like pg&e, these are names that you would add? >> i would buy them right n

schlumberger at unchanged line. baker hughes at the unchanged line.odity. >> we're stunned by the vix too. not only did it spat. today, but up 78% over five sessions last week. there seems to be a slight bit of concern with the markets. >> it has been wild. to watch it today to have the intraday swing we haven't seen in three years is highly unusual. so the vix in itself something to keep an eye on. david: folks watching gold particularly as we approach the fed meeting. gold is moving particularly what the fed does and moving down today, isn't it? >> down in the after-hours 30 bucks. gold plays so many roles, right? it place psychology and commodity and currency. well watch for fed earlier in the week. certainly below the 1200 mark. bringing names along with it. newmont mining down 3%. liz: today they're getting hurt among the biggest decliners, right? >> 3-d systems. look at stratasys. these names are under pressure. we saw social media on the other hand doing well. it is wild. [closing bell ringing] david: bells are ringing on wall street. looks as

schlumberger, double digits. when looking at the sector as a whole trying to find value because exxon has come down the least amount and yields 3.2% there are other ways to get better value with better growth. >> josh? >> yeah. i wouldn't expend that much energy to it in this stage in the game. i would buy the index broadly. i mentioned as a final trade one day last week, the xle right now if you look at earnings estimates for the s&p 500 energy sector going back to september 30th, the beginning of this quarter, estimate earning estimates have come down by 22%. that is an enormous slash. they definitely have room to come down further. but for 2015, they've already cut numbers by 12%. so we're looking for a year over year earnings decline in oil already. the estimates have come down a great deal. i think rather than try to worry about how do i separate out value, the easiest thing to do is just say, this sector has already fallen in line and now is a time to start to nibble. i don't think anyone can accurately tim

i have other companies like schlumberger i would rather have you in than oasis. think of quality and long-term. larry in massachusetts, larry? >> caller: happy hanukkah, cramer? >> we're done with that. we've got them all covered. every single base. >> you and your band of merry men have made it a happy holiday for my family. >> i like that. it's not as much bible as it is history. go ahead. >> caller: in the spirit to buy what you know and contrary to our conversation a couple of weeks ago about the 2.0 refreshes on a chart of oppressed restaurant chain, my local riteaids are definitely not yet part of the wellness store plan and it's still depressing to walk into them. >> you've got to go with my riteaid over in brooklyn! i've got tom and jerry behind the counter in the pharmacy, the people greeting me, i use their own generic products. man! it's case by case, but riteaid had good numbers. the stock is -- it's no cvs, but doing a lot better than people think. all right, goldilocks needs to deal with brazil, the little oil companies in the united states, and yea

then there is oil service giant schlumberger./3 of its sayles sales come outside north america. they don't go as granular as country by country. qualcomm, interestingly enough on the chip side of things may be no surprise that almost all of its sales outside the u.s., mainly in asian countries where a lot of technology fabrication happens. and philip morris international. this company split between altria the economic tobacco company in existence as well as philip morris international which is pretty much every business outside the u.s. if you look at large cap that may feel an impact from a strengthening dollar, it's a ones that generate a lot of their sales and possibly profits from outside the borders. that's why it's such a big deal for a lot of investors, melissa. >> thanks for that. the flip side is to play the domestic companies which is why a lot of people are in favor of things like the russell 2000 which is much more domestically oriented. dan, where would you go? >> at&t verizon, they have no dollar exposure and really

halliburton went to 20, schlumberger went to 50. noble, a nice article about israel, 28.to 60. chevron went to 64. marathon went to 17. a piece about marathon. oxy, substantially lower from where it is. goldman recommends sell. oxy at 62. >> bmo, upgrading exxon. >> yes. but they -- they had a sell on it. well reasoned piece, saying, listen, numbers are way too high. the reason i mention this, when i go over these, few firms have cut numbers yet. you can't bottom fish until the numbers are cut. with the bmo piece the first piece that said numbers are coming down 25, 30. horrendous piece. >> bmo cuts their 2015 forecast on west texas, i think, by a third, to 67. >> yeah. on friday, he said no one talks marking in oil, you meet oil -- he's natural gas -- you meet oil guys, they say it's spewing, it's great. he's been asking us, what's the market for oil? and -- there's always a mark for oil! there's no market for oil. right now, there's no big. he's saying marketing, opec allowed it to whatever you produce has always been able to be sold, until now. and not only that, every