schlumberger if you're heading down to the water line, these are the guys to own >> courtney. >> airlineslta here their revenue is expected to be at 97% still trading 30% lower. i think that's a buy >> guy >> before you go twisting by the pool, folks, it's still a little cold out there the rangers will actually skate away a game six victory. apa corp love energy. >> bk. >> i love how guy talks basketball i'm going to go with the energy sector as well but i'm going to sell exxon mobil. putting my money where my mouth is i think the political risk is too high >> so far away all right. that does it for us on "fast money. do not go anywhere options action is up next. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. ♪ ♪ wealth is watching your business grow. worth is watching your employees grow with it. ♪ ♪ hey businesses! worth is watching your emplyou all deserve it. something

which i reckoned it a few weeks ago and healthcare like johnson & johnson and if you like energy schlumbergere. jack: i want to talk about bonds. -bad mouthing bonds for so long, there's a trend year treasury yield close to 3%. i see high-grade corporate paying 4.5%, junk over 7% so if i have been sitting in cash bonds have looked terrible is it time to start buying? >> there is reason for optimism, if you are looking for a place to put cash the bond market is -- the timing may not be perfect but it is beginning to be a good time for bond investors as long as you are staying away. it has been a bad year so far but the fed has told us where they expect the federal funds rate to be in the next year or two. it has plummeted, it should be over. the fed has made clear they don't want to do anything to surprise the markets, they could be slowing down there peak over the next few months, the value of treasury notes before long can start climbing, a pretty good place to go. jack: let's talk about start ups, i mentioned bumble in a column, the dating apps, i'm so old that when i was younger my main ap

we have a joint venture with schlumberger that has a lot of solutions for the terminals that are reallych point for moving lng around as well as the compre compressor trains that create the lng. >> look, i have to tell you, i know now penalty box and you have to -- but self-imposed because you're straightforward guy. you weren't happy with the quarter. at same time your end markets are so robust, i could not walk away from the stock. there is too much hope i really believe that sir,. >> we have amazing demand and we're building for the future. >> that is what matters. we don't have enough people. we need automation this is it thank you so much, blake great to see you "mad money" is back after the break. >>> airbnb earnings have just hit the tape don't miss cramers exclusive with the ceo to break down the numbers from the quarter next (vo) some bonds last a lifetime. some bonds inspire confidence, and some you grow to rely on. these are the bonds worth investing in. for over 50 years, pimco has reinvented fixed income to create opportunities for investors in every market environment. so,

names are negative exxon was at a 52-week high and halliburton, marathon and the old apache apa, schlumberger the most part, continuing to hold up well and outperform the market and the energy sector is basically flat for the week and remember, we are down quite a bit on the s&p the other sector that's holding up is big-cap pharma i don'tmean biotech. i mean old school pharmaceuticals, merck, johnson & johnson. these are two dow components and bristol and lily the bears will tell you when those tw sectors start falling apart that's what you know they're holding a bottom because they're holding up well. on the s&p 500, the s&p dow jones indices. if the index closes at 3437 we will classify january 3, 2022 as the ending date of the bull market and the starting date of the bear the s&p is currently 2835. so bear in mind there, they're talking about 3837 >> we'll stay here for the close. meantime to the bond market where we are seeing classic risk off behavior no more rising yields, rick. they've been going the other way. >> absolutely. think about the type of week we've had in equities as we go

terms of production so as a result the service companies are one area that are less favorable, the schlumbergershe halliburtons and the baker hughes >> what about the natural gas and pippa stevens pointed out that in some cases you see companies swapping out for coal and that's also moving higher in the price action can you make money off of that play, as well? >> yeah. as i mentioned, we love chesapeake and entero and formerly in canada are great plays because they are infrastructure constraint. so what we try to do is buy the names that don't have that problem and the name like chesapeake which is in the area of natural gas and they're at a btu and we're not seeing significant growth here from the producers outside and chesapeake is a great play and there are several companies that have come through bankruptcy and there's a trailing concern about the company because it's been previously been bankrupt and the fact of the matter is they have very free cash flow back to shareholders and everything that the nasdaq doesn't offer you. >> paul, we'll leave it there. thank you so much. he mentions he

tim, so he's saying oil field services and guy has talked about schlumberger in the past your take. >thought you said tim. i'm with him 100%. don't think we're close to demand destruction in terms of price. i didn't know that the administration is suing opec for price man ip lation which is also laughable i won't do it on this day. that there will be time for that i'm sure butvalero makes an all-time high every day and psx and mpc, we talked about that name in the paul with paul sankey when it was a $60 stock. clearly oil didn't get the memo about fighting inflation and i think it continues to go higher from here. >> there are three ways to make money in the oil sector. one is the waiting in the s&p 500 will grow. i'll mention it every time in if i need to. in this environment, when you have the fundamentals so good it will double back to the 20-year average. but then what companies are doing, conicooco phillips, theye called best two-way player so their exposed to the higher commodity and they'll return 10% back to the shareholders and they grew the capex 8% which starts to get you w