 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 Facebook's earnings. Yeah Facebook was just a tour de force I mean this is one of those situations where they have two billion people who work for free for them That's the monthly average users. That's a good pipe for what will happen to the daily, which is 1.3 billion Remember there's only 7.4 billion people in the world. So that's quite an achievement It's important to remember this about Facebook. They have more demand than they can handle That means they have more advertisers than they can handle. High-quality problems So therefore you realize on the conference call when Mark Zuckerberg says we're going to have to start monetizing Messenger a little faster than we'd like It's a good sign for shareholders. Action Alerts, club members know this. We've owned it for more than 100 points Wow. Alright and how about Twitter? Twitter is disappointing to some degree only because it ran so much But monthly average users, okay, not great. Daily average users gain I would point out that there's a decline in the loss of revenue And I think that the stock, if you can get it at 16-17, is a buy because they're beginning to mine the data I know that one of the things that's so hard about this industry is It seems to be winner-take-all by Facebook Twitter should be doing better. They've had so much operational issues to clean up Once they've cleaned them up, I think you'll say it was a buy Alright, now Jim has over a million followers on Twitter. Jim, what would you do without Twitter? Well, probably have a happier marriage. Wife can't stand it She thinks it's a total waste of time. Thinks it's just ridiculous Only likes it when I post pictures of my dog and she doesn't even like the fact I call my dog NVIDIA But she says she really only answers to Everest, why don't you drop that whole thing So she wishes I'd get off it quickly Wow It's a total waste of time. She hates it What about the garden? She doesn't know those pictures. She just looks at how intrusive it is and just wishes it had never been born Okay then Hey, different strokes, different strokes Hey, moving on to Comcasts, a holding of actual requests You know, Comcasts is interesting. There's a great piece by Moffat Nathanson, which is a firm I follow Which is called the earnings unspectacular because they're always spectacular And that's why the stock's not up a buck There's also too much speculation in the stock that maybe they're going to buy Disney Maybe they're going to buy someone that's put pressure on the stock It's a proper growth situation with some very good ads I think Comcast is a victim of the fact of how well ATT did up 5% yesterday and how well Verizon's doing Up 6%, both those companies have really gotten back on their game It's quite obvious that the unlimited for Verizon is working It's quite obvious that the diversification Direct TV is working It's also why I think T-Mobile did not have more of a reaction when they reported their excellent number Southwest Airlines getting hit today Yeah, this disappointing that it's got hit so much because the stock's now down 9 straight points We're telling Action Alerts members that this is your opportunity I have to tell you, Gary Kelly was on, and Gary Kelly I think was basically saying This is ridiculous, he didn't say it point blank, but they have brought back a lot of shares They got a great situation with their balance sheet But the airlines have fallen dramatically out of favor It may not even matter what he says I would have liked a few more pennies, but they did change reservation system And it's just an outright buy Of the buys that I've seen this quarter that are created by the sell-offs 3M, I'll put that up, Southwest Air, Domino's Those are three that just seem wrong to me What did you make of Parker and Gamble's quarter? Parker and Gamble's good quarter Nelson Peltz wants to be on the board I think he should be at it because he brings a tremendous amount of firepower Jim McNerney's the guy who's really calling the shots on that board He created Boeing, as we see it, Boeing again up What a fabulous industrial And I think that in the end, Proctor's doing good enough Not good enough for Peltz, good enough for shareholders And on Squawk on the Street you said that Peltz is cheaper than all the advisors Yeah, I mean like you have all these advisors with Proctor, it's going to cost them a fortune Just to add Nelson, Nelson is a classically good board member with a fantastic research team Tryon does great research, and Elliott does great research These are people you would welcome on your board Jim, on Stop Trading on Squawk on the Street and talked about PayPal PayPal is magnificent, I want to wrap in PayPal with Citi PayPal was a holding of Action Alerts, we had a great profit, we sold it too soon, clearly Citi is a credit card company Citi is saying on air yesterday when I was interviewing my Corbat That online is just the place where it's 100% credit card And PayPal is becoming a dominant credit card player Don't forget they just did a deal with Bank of America And don't underestimate the deal they just did with Baidu to be able to be in China Dan Shulman remains a man who conquered everybody, PayPal goes hard Jim, that was a fabulous interview with Michael Corbat, 22 minutes and we really got to know who he is Well, you know it's important, I mean I knew Corbat because I was at Harvard Law when he was playing for the Crimson And he was the best player I had seen since my sweetmate Dan Jiggits who went to the Bears So I always kid him about his football because I watched him play the best offensive line that I've seen since Jiggits He could have been drafted, instead he went to Solomon Brothers He has revitalized Citi, Citi should trade at a dramatically different price to book Right now it trades at one times, obviously if it went to J.P. Morgan's stock would almost double It's not going to happen, but this stock is on a slog to go to 100 It won't be done immediately, but we're a shareholder in it for action alerts Tell them the club, hold on, it's coming Wow, all right Jim, let's end with some earnings to watch, we have Chevron It's going to be okay, I mean you've got the Royal Dutch in total did well The oil stocks are still, until oil goes through 50 which I don't think it will The oil stocks are remaining purgatory, I still go back to what Paul Kipsgard said Which is that the oils are going to start having a better year in 2018 Chevron will put a good face on it And what about Exxon, similar story? Exxon really is, you know they have a 50 year plan, they're not looking at the stock There's this buyback stock that's kind of like a bank And I do think that in the end Exxon is a company that is, you never got hurt buying But is not anything that I feel compelled to recommend We continue to believe that Apache is a company that either will get bought Or will start showing great earnings, they've got the lowest finding costs Simrex is the fastest grower in the Permian We own Magellan Midstream which is an absolutely fantastic revenue Just a great income generator for an income seeker But you know what, the oils are still wrong because when oil gets to 50 The future selling is humongous We're enjoying the ride up a little bit here after suffering with the oils for action alerts So we've got Southwest is not going our way We've got Apache right now not going our way We've got Simrex not going our way We have to deal with these issues The way I tell club members is patience, patience, patience Remember we have over 100 point gain in Facebook Why? Patience We have a similar gain in Apple Why? Patience Google, Alphabet People decided they don't like that anymore That's an opportunity Southwest will prove to be the same Ah, great advice Jim Cramer, thank you so much As always and for more information on the Stocks in Jim's portfolio Head to ActionAlertsPlus.com