chevron, also schlumberger the results.ther a big surprise out of one of the other constituents seems unlikely. quick point. true, options are low. a reason. this is not moving. volatility of this, xle now, low as its been in two years. the reason why people aren't really putting much of a bid to the options. >>> still ahead, netflix shares up more than 7% since reporting earnings last week, but that came as no surprise to our chart master who predicted the move to new highs. how did he know? he will explain and tell us where it's going next. "options action" returns. >> nobody knows. >> you knew. >> announcer: "options action" is sponsored by -- trading des so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade and the wolf huffed like you do sometimes, grandpa? well, when you have copd, it can

schlumberger reports tomorrow. let schlumberger comes in.t always seems to sell off, and then you pull the trigger. take out microsoft and go to schlumberger. altria, i think is going to get a takeover bid. bank of america, we like the quarter very much. the stock is resting, ready to move. merck, yes. i'm not going to switch out of merck. i like drug stock. we made this change here. wow, apple too. yeah, we got to keep apple. there's no problem. we're going to keep apple. i say congratulations to miriam. i like the way our contestants are playing the game. stick with cramer. >>> i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm jim cramer. see you tomorrow! -smells great. -...digging ditches. it's all in a day's work... when you're a millionaire. these folks invest in hedge trimmers, not hedge funds. they turn diy into roi. and thanks to hard work, incredible passion, and a whole lot of mud, sweat and tears, they've turned their dirty jobs into filthy riches. -time

schlumberger went down a couple bucks after they reported. schlumberger is just the best of breed. if i see you on the street, tammy, two years from now, i don't know where keen group will be. i know schlumberger will in be the catbird seat. that's why i'm recommending it. my charitable trust owns it. will in florida, will. >> caller: hey, jim. thank you for taking my call. >> of course. >> caller: the company is called nutanix, kicker ntnx. as the number one pure play in the hyper converged infrastructure market with a 52% share, numerous aligns with microsoft, intel, and the recent m&a in the space, do you see them being on someone's radar in the immediate future? >> yes, i do. as a matter of fact, because you know what hpe did with the simplivity. so yes, i think nutanix could be acquired. i think it makes sense. otherwise, i think it's doing fine but i have to tell you it's not an inexpensive stock. but we're covering a lot of non-inexpensive stocks tonight. i deem it ready for speculation. all right. the top five performers since dow 10 k are winners because they're just plain

still, schlumberger's selloff has created some room. i like both companies.also hear from mcdonald's. this one's a test of the strong dollar writ large. mcdonald's is a huge foreign business that will be impacted negatively by trump's pro-growth policies that will most likely lead to a more robust greenback. already has to some degree. that means the earnings estimates might have to come down for mickey d's. but if the ceo can talk more about technology and loyalty programs and how mcdonald's is going to do more to lure other consumers away with speed and price, i bet the reaction will be just fine. when i think about which stocks can help the dow reach 20,000, i always come back to 3m, which reports tuesday morning. here's a company heavily levered to improve worldwide growth but also innovation. i'd like to buy some before and after reports. the ceo follows in the footsteps of a long line of executives at 3m who have made it their business to produce excellent profits while returning gobs of capital to you, the shareholders. that's why i often talk of 3m ab

. >>> schlumberger saw results. the company said weakness in foreign markets drove down revenue but that was still good enough to beat expectations. it was off just a fraction to 86.49. herbal life said the securities and exchange commission has requested information with regard to anti-corruption laws in china. the up is plimt company said a strong dollar would cause earnings for the quarter and the year to come in lower than previously expected. it was down 13 cents to 53.01. the known short seller said airplane parts maker might be the valiant of the aerospace industry. add go it has a massive debt load and accuses of engaging in price gouging. it also noted largest customer is the defense department. making it a target for the new president who has vowed to cut government spending. it finished out at 226.90. and apple is suing qualcomm for $1 billion. alleging the chip maker overcharged apple for products. it was a suit for anti-competitive licensing activities. qualcomm fell nearly 2.5% to 62.88. apple was up a

friday brings earnings for two of my charitable trust favorites, schlumberger and general electric. i think schlumberger will be its cautious self but we'll talk about -- if the big oil companies are going to maintain any production growth at all. i believe that news will be well received. general electric needs to flesh out its merger with baker hughes and how aggressive it wants to be. i want the combine the entity to bile national oil anadarko once the oil related business it a separate company. otherwise it should be a quarter where g.e. talks about redeploying capital for aggressive. they need to pay more in dividends and borrow money to buy back more stock if it has hope to trading up to the mid-30s. i implore the ceo to do so. it's a reasonable ask, jeff. it should be granted. but you know what? it may not matter because friday is inauguration day and judging by the excitement that's come from the pre-white house trump, i don't know if anyone will care about anything else that day, including the possibility of good numbers from both companies. bottom line, the playoffs are he

not unlike what schlumberger said this morning.ositive commentary about north america and the united states. of the three i think you'll see something you'll get that, i also think the drug stocks acted so badly yesterday. i expected an immediate assault on the cost of health care. >> you do? >> yes, immediate. >> in what fashion would that be undertaken? >> i think that the details will be shy. i think it will once again be somewhat like what we saw against the autos, picking on companies -- >> you think it could be a tweet storm or something along those lines? >> i'm hoping it's certainly more rigorous than that. because you can't really do much in a few characters. but i think the drugs and the drug business and health care is in for the biggest punishment because that's where the biggest money could be saved. >> to jim's point, carl, i think the expectations for action certainly have to be focused on what a president can do upon coming into office whether it is trade, which is typically something that's run out of the white hou

funnest things for me to do because they made the research everything from the little village of schlumberger where he met the manager and i was able to throw the keys on the porch when they were done. and it was like walking back into time. b it was set up so you could research the cold war in that village and everything from communist flags to communist propaganda, symbols of secret police the ledgers and i was able to seek my grandfather's writing and things like that.ri and there is even a mockup of a classroom and that little tiny mu museum. some of the chairs and tables which might have been in my grandfather's classroom. i was also able to go to paradise bungalow. often i've been back to paradise bungalow. i visited the town where my grandfather and family wasather banished after he spoke up one too many times.ny so i think i was really important. going back to berlin, of course, if any of you spent any time, you know what like then if you haven't been back yet. what looked like once upon a time. >> several years ago, smith dida a biography and several people there including frank clay

i think hal has a long way to go after last year's 59% run but i prefer schlumberger where cloud members can follow the moves before we make them. here is the bottom line, some of the s&p's biggest winners from last year run out of fuel but others like halliburton, comerica, quanta services, oneok could have more upside to come after a couple case or weeks of profit taking. david in florida, david? >> caller: how you doing, jim? boo-yah. >> boo-yah, thank you for calling. >> caller: i noticed the sysco g costa help the performance, what could be the reason for strength and the group is selling off? >> one of the major reasons is we got nelson pelson and he's very engaged who often has lots of good things to -- for management to put in and he's been very large. i also want to point out so we know that this syy, this is try and fund management is the name, syy is levered to the restaurant business. i think the restaurant business could be in trouble here if only because of higher costs but i like syy and i think there is a lot of upside left in it. maryland in indiana, marlin? >> caller: h

that's going to be -- and how, what negotiations they can get with halliburton, schlumberger, nov and all the others. that's where -- that's the swing producer. saudi arabia, i think the more -- look, there's some obvious steps they can do, one is stop burning your own oil for power generation. do that as soon as you possibly can because you should be selling that barrel at $55 on the market and not burning it for $2 in your own country. natural gas, because of the revolution in natural gas, natural gas is so cheap, there's no reason they should not be converting to importing natural gas despite the fact that it's a psychological, pride, all the other issues, that's what should be done. renewable energy should have the ability to grow into that mix. there should be a diversification of their own internal energy market which will allow them to cut subsidies. and to your point, what happens with the local population, that's what will help you. yes, it means prices may rise at the turn from a couple of cents a gallon to something more market-based, but look, uae did it, and it's working.

. >> be able to make that, buy schlumberger and own it for a long time.hur in california, arthur? >> caller: mr. cramer, thank you for advice over the last five years. >> thank you. >> caller: i checked my portfolio and i saw alcoa down 27% and arconi can down 27%. do i sell -- >> those are actually. there is an adjustment there that would indicate they are not down as much. aa is the company that's the commodity side. 18% is owned by arconic can sell that stock, which i think makes it so if you buy aa off of a commodity, you may end one a big slug. lets be careful. tom in oregon, tom? >> caller: i'm from central oregon, jim. >> what's going on? >> with a lot of chip company stocks doing well, guy work seems to be stuck in a channel. what's your opinion? >> sky works has the most -- the actual most property in an apple but the problem is is that therefore they are viewed as an apple play. the super cycle will come up later in the year and maybe people like sky works but i prefer you to be in broad come or alternatively yes, nviaia. quinton in pennsylvania

i prefer schlumberger. you can read about it. we like it very much.that that's a much better way. they do report later this week. we want to go high quality and thank you for the nice words. michael in new jersey, michael. >> caller: jim, how are you doing? >> good, how about you? >> caller: great, thanks for taking my call. i'm interested in hiiq. >> go high quality. united health reported a great quarter. what happens when that company puts a great quarter and stock goes down? does that mean? you do some buying when the stock -- you don't chase it, it comes to you. let's go to corey in new york, corey? >> caller: how is it going, jim, great to be on the show. >> how are you? >> caller: i've been day trading for about a year. messed around with one stock last year, i don't want to say what it is and did really well. right now i'm sitting on exel. >> that is one we got behind last year and i got to tell you, it's almost -- it's too hot. it's too hot for this guy. it's too hot. i want to be careful because i fear the tweet. >> not a trump stock, not a

so i'm going to tell you that my charitable trust is buying schlumberger because i am more concerned about the idea that oil doesn't go up that much from here. marcus in tennessee, marcus. >> caller: hey, how are you, jim? >> i am good. how about you? >> caller: i'm all right. i was calling concerning ca morris company. it's a spinoff from dupont, and it tanked when it came in around 20, 22, but around $3, it started gaining momentum. i was wondering what's your opinion. >> i think this has made a remarkable comeback from a lot of negativity. at this point, i wouldn't mind taking some off the table. i think it's had too big a run. how about bob in california, bob. >> caller: professor! >> what's up? >> caller: buy, sell, or hold? >> on which one? i'm sorry. >> caller: a onnis. >> i think there's been a lot of good news here including a big stake taken and yet the stock hasn't been able to do much. i say that says -- >> don't buy. >> until we get to a lower price. moshe in new york, moshe. >> caller: calling from new york city. how are you doing? >> i'm good. how about you, sir? >> ca

my charitable trust owns schlumberger. it's time to own the best. rob in florida, rob. >> caller: yeah, james. this is rob in florida. i got a two-part question. >> two-part. >> caller: on encanna, the oil outfit. do you think it's worth a buy? >> yeah, i like encana. you know why? because encana just raised its production guidance. i've been waiting for that to happen. i always like it because they pronounce it like if you're from philadelphia. their production going up. encana is for me. let's go to javon in pennsylvania. >> caller: hey, what's going on, jim? >> not much. how about you? >> caller: i'm doing fantastic. calling from your hometown of philly. i wanted to know what you think about arconic. >> i think arconic is right. when i saw those auto sales the other day, when i think about the fact that airplane business, that's another big part of the business is good, gas turbine business is good. bottle, canning, just okay. but i happen to think that arconic -- remember, it's the old alcoa. i think arconic is going to be a winner, which is why

. >> tonight you'll have ibm and am and schlumberger. >> i really want to go out with my wife, i havefigure out how to handle this, set the alarm at 2:30 and no netflix. >> 2:30? >> 2:30. >> that's insanity. >> no, it's good. it's playoff time. you want to play playoffs or just be a regular season? got to up your game, man. >> i'm upping my game. i am. i'm upping my game. i'll be up at like -- >> this is the actual championship. not a wild card. >> jim, we'll see you tonight 6:00 p.m. eastern time. when we come back, the confirmation hearing for treasury secretary designate steven mnuchin. dow's down three. anni oeao]ckokod h bines ty.y.gs ♪ >>> good thursday morning. welcome back to "squawk on the street." aisle carl quintanilla with kayla tausche, david faber at post nine of the new york stock exchange. all eyes on capitol hill. senate finance committee holding its hearing to head steven mnuchin of the treasury. we'll take you there live when his testimony begins. sara will join us from the forum in switzerland. in the meantime dow not doing much, watching oil as well. top story thi

on the earnings front, procter & gamble, schlumberger will have results. ibm recorded its 19th consecutive quarter of declining revenue. but ibm's core businesses like hardware and services, while struggling to keep up the pace, the company is pushing into new trends like cloud computing. it has not offset the declines, but the stock has been a good performer. back to where warren buffett is thinking i feel good about this. it has overshadowed earnings. that top analyst estimates and revenue, and a better than expected profit outlook. we will talk about another dow component, but what would -- used to be called the not so -- what was the news? not so real news? >> the not necessarily the news? >> yeah. >> my contribution today from market watch, which is not really fake news necessarily, but some opinions that -- >> they're a real -- owned by dowment. >> every day. today is trump's inauguration set to unleash a cascade of stock market anxiety. this has been the -- it's really since before the election it was going to unlish stock markeash market anxiety, d

not only his competitors, but also companies like schlumberger and general electric.ngs, they can source sale. if they are ok with it, it's ok for them. vonnie: what is next for the confirmation process? tina: the hearing next week. --y allowed for disco days they allowed for two days. unless something terrible happens over the course of these hearings, he has enough republican support to move forward. vonnie: what do his colleagues in the community say? about this potential appointment? is there a lot of positive and negative reaction or a preponderance of one? ofa: there's a lot excitement about someone at their level who does their job taking on this role. the other thing we heard a lot, when you are doing this for a multinational oil company, a lot of your work is shaking hands, being diplomatic with foreign leaders. bit of thattle background already from having to broker-deals in countries that are not always easy to do business in. david: how does he compared to his competitors in terms of size and reach? expect -- what do we expect to hear at the hearings about