 All right good Thursday morning everyone. It is time to talk about the markets with Jim Kramer on the floor of the New York Stock Exchange Jim let's begin with T-Mobile John Leisure fired up. Yeah, I mean it's interesting the stock is not running I think it's an actual buy. Maybe there was some hot money there betting that what would happen is that he would announce that he's interested in being taken over that's obviously not the case. He's taken another million plus subscribers. He has done so much that's right they're taking everybody's a donor, Verizon's donor, ATT's a donor. There's a moment where he gives you a forecast basically for everybody else he's on a roll. I would say that when you listen to everybody else in the quarter you're going to say holy cow I wish I bought T-Mobile go buy T-Mobile. How about Qualcomm's quarter? Yeah Qualcomm is really like they're in a big fight with Apple. Big fight to have an Apple. You're not going to make your numbers but they did say that they're going to give the latest technology to Apple which is important because there were lots of press stories saying that they wouldn't it's a good chance to buy Apple. Don't count Qualcomm out. I believe that they will find some way to settle. And then on Med-Dash you talked about American Express. American Express was just not every time. Not every quarter is an actionable quarter. I found that American Express was a little better. They said that earnings may not be as good. There really wasn't much there. JP Morgan saying snap shares could fall after July 31? Yeah I mean you know there's just a lock up expiration but also the idea that business isn't that good. It's important that Snap get in touch with all these large shareholders and have them take a pledge not to sell and then get that pledge out there so people know. You've been saying that for a while now. Meanwhile, China exiting its whole food stake. Yeah well you know it turned out obviously there was no other bidder that was willing to pay higher. There may have been other bidders. Congratulations to Janna. Really really good call. They've had some winners and some losers. There's something interesting. Sears launching Kenmore products on Amazon. This is really hurting Home Depot because people always felt that you couldn't be Amazon if you're Home Depot because large appliances cannot be. XPO logistics which has been on mad money a number of times. Big secondary today I really think it's still a buy even if you didn't get it in XPO. Has been last mile provider for large products so it can happen. I think it's way overdone again but Home Depot is now part of the quotient of stocks that have too high a multiple if you think that Amazon is going to go against them. I remain steadfast that Home Depot will be great but you know what like I said I haven't liked retail in a long time and I'm not going to budge today. All right staying with retail for a moment Nike upgraded by Morgan Stanley. You know that's more power and I think that power is very different. That's a situation where they're talking about supply chain management and being able to get to market faster with newer product which is really important in a power. We've seen that other power companies win when they can get those turns. Remember Flax which is a terrific technology company is Nike's partner to get that done. It's a good play on Flax if you want the derivative. And then on Stop Trading on Swack on the Street you talked about United Rentals. Yeah well United Rentals might deal in doing a terrific job. A lot of people felt that he wouldn't have a good quarter. They were wrong. United Rentals is a fantastic play on Terrex. Big upward cranes but it's also really a great read through for Caterpillar. For domestic I continue to think to Caterpillar. Unfortunately Caterpillers run. They're going to run into the quarter so maybe you'll wait until after. But URI plus some great commentary out of China tells me that Caterpillar is good. Alright let's move on to some earnings to watch for Friday. First up Schlumberger. Schlumberger's going to be bad. Action Alerts owns it. Why should we own it? Well we are long term patient for oil. You know the CEO is bare and he's going to say I think he's going to push out the turn to late 2018 because they have a lot of deep water and you can't justify a trillion deep water between 40 and 50. And if I had to take a guess, Bug Chevron will be watching the oil stocks. Yeah Bug is right now got the jump on Nvidia. It seems to be Bug is Chevron. They report next week. I like oil here to 50. Oil's become a trade. We have a person at Real Money, Carly Garner. And she's worth the price of Real Money. She's just been nailing every one of these turns. I don't talk enough about why people should be subscribing to Real Money but it's a really remarkable product. CarlyGarnerRealMoney.com. How about GE's quarter? I am terrible. It'll be better in Q1 I hope where they had negative cash flow. We're stuck in GE. We're stuck in SNAP1. I think SNAP1's probably overdone. I got to do more work on it with my team. We're stuck in Danaher for now. At least we're up in Danaher. Another conglomerate. Of course I look at the ones that are bad because the good ones take care of themselves. GE's going to have a new executive, John Flannery. He's got a kitchen sink really. It's going to be Jeff Immelt's last one. Remember, what are they big in? They're in oil. They're not so good. They're in turbines. It really hasn't been that good. Local motives are terrible. They're in infrastructure. You know what? I mean they got in healthcare. They have to take out $2 billion worth of costs. They could use someone from Try-In on the board. I wish that would happen. They really need that badly. Most complacent company on earth. And then finally, Honeywell. They're also set to report. Now there's the least complacent industrial. I think Honeywell's going to have a remarkable quarter. Darius Damcheck is going to carry on exactly with what Dave Cody did. I think that Honeywell's got, they have amazing aerospace to business. Darius is considering Dan Loeb's suggestion. Maybe they spin it off. Honeywell has sold divisions from time to time that I really like and what new companies that I really like. And it's all worked out. It's been one of the best performing industrials. Honeywell United Technologies often look at GE and say, what the heck are you thinking? That could be another what the heck are you thinking moment. All right. Great analysis from Jim Kramer. Thank you so much. All right. Hey, for more information on the stocks Jim mentioned, please head back to the street.com.