transocean and teva pharmaceuticals both performed well. do you still own them? >> we still own both. rig, which is transocean, the fundamentals are still excellent as well as in the generic business for teva. we would continue to hold both of them, and we do. >> all right. let's switch the graphic here to teva so we can take a quick look at that because you have here c.r.h. which was your irish cement company that didn't do as well. do you still own that? >> we sold that in february, we stopped ourselves out around the 19 level. it's moved better, but there are problems in ireland and we wanted to move out of the way. >> there is keva: that was a good performer. what about pro shares? performed nicely. what's your view? >> that's double short the treasury and it's a good hedge for clients that have long bond exposure but it's a speculative vehicle and it should be used only to hedge a portfolio, not on a directional bet. >> rich, let's look at your new picks that you are suggesting tonight. at the top of the list, you have an e.t.f. -- a brazilian e. t.f. that t

oil driller transocean, a big issue here of course is poor demand for all of the big oil companies. this is also true with an oil rig company, their demands falling as well. brian schactman, how are we looking? >> the premarket indicator slightly higher, futures slightly lower, so open will probably be flat. ten-year deal with microsoft. it will pay yahoo! $50 million a year. "new york post" saying that research in motion launching its cheapest blackberry, the gemini, you can get it for $48 at walmart or $189 at t mobile. it's up to the distributors to decide. cisco reports after the bell. i want to point out wynn resorts. there are reports that the ceo told 20% every his holdings. just take note of that. hopefully a great earnings report. they did very well with their guidance, and john mackey saying we're getting back to basics, going with healthy eating. ea sports, light on top, but strong on the bottom. garmin, the reason why they're up, their margins were incredible, over 50%, so up 21% in the premarket trade. let's see how the oil trade is with sharon epperson. >> i'll take it

the sixth largest european oil company, i think transocean is cheap here. it has all the thing i would like to see. production growth, a high drilling success rate when it searches for new oil. relatively low production costs and more exposure than most to high oil prices. along with a notoriously b.i.g. juicy 4.4 yield. i did not read that in the magazine. yesterday the company reported what i thought was a solid quarter with a positive long material outlook. the steady 4.5. stick with me. they'll have that through 20012. a lot of mature fields and they do have them. but it can do it because it is great at finding new oil. not just in the back door. 75% of that growth will be from outside of norway. so far the company has already made 30 new discoveries in 2009. a 70% drilling success rate. 60% in the rest of the world. that's since 2007. most don't even approach those levels. plus it isn't tapped out. there are still areas in the north norwegian sea that are still being open for exploration, creating a more potential upside. and even though it is one of t

i like deep, i like transocean.son creek, that's a mining company, an important metal going up in price according to freeport. we've got a tech, solar tech, a shipping company, let's call that a solar company, doesn't conflict with yahoo. that's a net company. oil drilling and mining. heavy on the resources, but you know what? it's still a great portfolio. "mad money's" back after the break. >> this friday, you don't have to wait until midnight, catch cramer at 11:00 every night of the week. take your double dose of "mad money" weeknights at 6:00 and 11:00 eastern. oof! i hope he has that insurance. aflac! you really need it these days. how come? well if you're hurt and can't work it pays you cash... yeah to help with everyday bills like gas, the mortgage... ...and groceries. it's like insurance for daily living. so...what's it called? uhhhhh aflaaac!!!! oh yeah! that's it! aflac. we've got you under our wing. a-a-a-aflaaac! come here. yeah, good boy. here's your treat. ♪ ( neighing, whimper ) ♪ show off. >>> i can'

>> transocean, another u.s. company. very solid assets. got a backlog that's very, very solid with high quality operators and very attractive valuation. good management, very shareholder friendly. people think there's too much risk perhaps in oil prices but even with oil prices at 40, 50, 60 bucks, very good cash flows. >> peter langer man, thanks for joining us. >> my pleasure. >> bob, there's about 39 minutes before the bell. the dridge and tow jones indust >> the fast money. consumer discretionary stocks have been soarly. is it time to start buying consumer staples? some answers when we come back. shopping online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. ♪ is to get as far away from it all as possible. don't let erectile dysfunction get in the way. ♪ viva viagra! via

and transocean things looked pretty cheap. we're 2% cash right now. >> how about you, lori, would you recommend diversifying out of small caps because of the 80% move? >> if you want to diversify a little bit, i'd look at mid caps. >> mid cap is gauged as what would you say? >> 2 to 10 billion market cap. when we've had down drafts in the market and seen liquidity fierce rise, people are running into mid caps. there are a lot of good names in there. >> they act better on the downside but tend to do a little bit better than large caps. you can have your cake and eat it, too. >> your feeling about the broad market. >> in augusta and september during recovery trade years, we would usually stumble a little bit. we could stumble a little bit more but ultimately i think there's another 10% if not higher move in there. >> good conversation. really good. thanks very much. interesting, steve, laurie, we appreciate it. >> we've got 15 minutes before the closing bell sounds and this market holding on to a gain of 87 points. volume under

tomorrow, proctor and gamble, devon energy, transocean and baker huge. wild card to watch will be orbit th orbit. then after the close, cisco, prudential and news corp. >> we're going to end the show with some empty calories here. the playmates at the playboy mansion are getting a new neighbor. founder hugh hefner has sold his private residence next door to the iconic playboy mansion for $18 million. of course, in this tough housing market that was $10 million below the original asking price. according to reports, the lucky buyer, anonymous. a wealthy man in his 20s. he'll probably enjoy meeting his new neighbors. i think they are kendra, bridget and holly. that's what the producer in the control room tells me, because he watches it all the time, "the girls next door." before we go, here's the day on wall street. we ended in positive territory, the dow jones industrial average higher by 33 points, 9,320, so above the 9,300 level. nasdaq still holding on to 2,000, a gain of 2.7 points. and the s&p 500, another day above 1,000, gain of 3 points. "fast mone

you this week is if oil can sustain above $70, go with the high-bidder names, go after the oih, transocean. those are the plays right now. suncorp, a name pete has spoken about a lot, another name you want to own. the key is if oil sustains above $70, and if it does and takes out the double top formation, you're going to be right, and pete will be right because it's going to go to $85 quickly. >> how long is sustained in your view, joe? >> you need oil to sustain above $70 for the next five or six trading sessions. >> oxy, you could also short that stock. if you think oil is going lower on a day-to-day basis, you can be short oxy as well, so -- >> you really like oxy, huh? >> good point there. >> it's lettered to oil. >> want to change the topic and move on to another after-hours story. let's check on hewlett-packard. it is apparently moving lower. the conference call got under way about 25 minutes ago. it was a beat on the eps as well as revenue number. we are seeing that decline here in the after-hours session. some headlines out of the conference call. ceo mark hurd saying he is seeing

the names like transocean and weatherford very strong yesterday. today the risk is being taken off and selling is correcting the names down. >> great to have you with us tonight. let's move on to fast and furious and we have the answer to your burning questions. targets report on tuesday. you get in ahead of the results. >> we will see a little bit of activity. not a lot. bullishness to the upside at least. probably behaves in line with wal-mart and similar picture. september is going to be the key here if it moves forward. >> a 52-week high earlier this week and lows reporting ahead of the bell on monday. do you buy some. >> i don't. much better company than home depot, but it came a long way. 75% from the low. it's okay to not have an opinion. >> maybe the teens and the tweens are still spending. >> like i said before, these names are based on a recovery scenario and until that is off the table, you have to buy. >> what are about oil. bill, what do you say? >> in the short-term, there is a little weakness, but the biggest picture is bullish. we t

and transocean has a strong position in the ultradeep water drilling area. >> question to you. here we are up 127. jobs are the reason. more than 50% from the low. do you have any fear we're too far too fast? or do you think this is justified and you should get in if you're not already? >> i think you should get in, and i'll tell you why. this month washington is basically closed. they're on vacation. earnings come to go a close. i think this sets the tone for the rest of the summer. we have a good summer going. we're going to see a good rally. back to school sales end of september. get in now, you'll have a good two months ahead of you. >> allen valdez, chris trompeter, thank you very much. final check of the markets coming up. don't go away. >>> we're back. dow jones industrial average up 145 points. 30 dow stocks are up. by the way, been trying to sneak this in. >> what? >> canadian employment reports very bad. much worse than expected. >> that one is interesting. they haven't had the huge downturn in housing. watch what's happening in canada. intel stock only down a penny.