 Hey good morning we're on the floor of the New York Stock Exchange with Jim Kramer and earning season is heating up. Jim let's get your reaction to Alphabet. Okay Alphabet was it's one of those things where they're doing more volume but they're not making as much on it but I urge people to take a larger view and say okay look if people 1.5 billion people are watching an hour of YouTube a day do you really think they're not gonna be able to monetize that correctly? This is a situation where a lot of people feel like this could be Facebook a couple years ago where they where desktop tipped over to mobile and mobile's not that valuable so go sell it if you want to. I think the sellers are going to use this as a source of funds. I like the company very much it's got we've done some good analysis for Axialert. It's got about 90 billion in cash you know it is a cash machine it could pay that fine without any problem from Europe. It is true that if they're not making as much per click okay but they are monetizing so many others the call itself did not do the company justice and you know don't forget about Waymo they're way ahead way way ahead now Thomas vehicles but I'm not gonna stand there and defend the quarter right now I'm gonna let you sell it let it come down. Alright and let's move on to Caterpillar's corner. Caterpillar's the opposite Caterpillar's just complete blowout I mean there's just no doubt about it the Caterpillar not only is back but I would go far as to say the Caterpillar can go 120 on this call I mean you're going to start talking about numbers six seven dollars and a lot of this is resource-based they've taken out a gigantic amount of costs they can make so much more money on their sales and the sales are really going forward the construction numbers were awesome cat took a lot of people by surprise there was an analyst yesterday who upgraded it and gave a very high number and this number was nowhere near what the company was able to do congratulations to cat you have really figured out the resource business is good construction's business good engine business is good engine the reason there is Cummins Cummins is by CMI. Alright what about United Technologies? United Technologies I think that this is a company I would take advantage of any weakness why because while Otis was flat I really like their H their heating ventilation air conditioning number residential very good don't forget they're shipping a lot of these gear turbo fans the GTF that is going to be a great amount of business for them down the road cash flow very very good stock had run in anticipation it's a much better company than one that we own right now for action alerts GE what about General Motors? General Motors is really I mean in the end I don't like the car companies it really doesn't matter what their report I just don't like them I think they generate a lot of cash but they don't deploy the cash in any way that really favors the shareholder I think that Mary Barra you she got out of Europe just want to think Europe's going to soar I'm very broke I'm very pro Europe I'm very pro the Europe we own a security that gives you the upside to Europe and she got out of Europe that makes no sense to me and some incredible comms for McDonald's McDonald's the 6.6 overseas is amazing I've been saying that Eastern Brook is a miracle worker over and over again my contacts with him indicate that this is a guy who has got the franchisees behind him he's energized it with a more simple menu he's got some specialty sandwiches he's got a value for soda but what he's really done is cleaned up the stores and this is done because the franchisees get energized they start start putting more staff on they start they get they buy in and when they buy in look at these magnificent numbers this is off the base where people the franchisees had kind of just said you know what I think I'd rather be affiliated with other chains no longer the burgers are selling there's a note from Credit Suisse saying Apple services revenue could double by 2020 there I mean that's pretty much what they're saying so I don't think that that's any news at all I just think it refers directly to what Tim Cook's been saying all right we also have a city investor conference city I'm gonna have my Corbett one my may have money tomorrow night city is the cheapest of the major banks on a tangible book value which is how I value banks in other words if you close the door how much cash do they have people do not that's it's finally above tangible book value which just raised to 67 and change city has a ton of money and they're able they went from worst to first in terms of what the feds are doing with what's known as C car they are the model bank they have the ability the firepower to buy back seven percent of the bank every single year and it's still a buy even though it's had a tremendous run city is still the cheapest on terms of earnings momentum just you know PNC is the best in terms of value city is the cheapest we look forward to your interview with Michael Corbett and then on mad dash on Squawk in the street you talked about Jimmy Choo yeah Jimmy Choo this is a big overpay I think course is desperate I think that this asset was worth far less it traded it far less a few years ago when Jimmy Choo was obviously doing better in the mall so I think course paying this much will do course no good this is not coach buying Kate Spade this is a bargain coach buying Kate Spade was a terrific move diversify a little bit away from coach I think the coach is still a buy I think course is still a sell and for your staff trading segment you talked about Freeport McMorrin yeah Freeport is amazing this is a copper play copper is exploding copper's one of the raw costs the other technologies call was that where it's true the commodities are going up in value Freeport actually beat on revenues which is rather extraordinary this stock which I said at 12 was done going down is not done going up all right Jimmy talked a little bit about Facebook earlier but what are you expecting from their earnings no look I think Facebook has been chilled by Google up by alphabet I think that Facebook's I hope that the stock comes down and comes down handily ahead of that quarter because I think that no matter what they say everything's going to be colored by alphabet because Fang right now is taking a breather we also have Boeing reporting on Wednesday yeah Boeing you have to be very careful Boeing reports a number of people usually go nuts for it and then the call starts and they reign in expectations please be very careful if you're trading Boeing and one more for your Coca Cola Coca Cola this is a new CEO we don't know what he's going to be capable of doing in the end it's a premium to sell that a premium to PepsiCo but it's not growing as fast as PepsiCo but they do have an asset light model where they are laid off a lot of people and they certainly are just being a kind of a syrup company that makes a ton of money and we know you're going to be hanging out at Barstam Miguel tonight tonight we're going to go over Tim Collins is going to be with me he's does tremendous work for us with options and he will be doing off the charts tonight and I it's one of his charts and I think that people should recognize Collins is a lot of fun my wife will be there if you haven't signed up I think you should sign up there will be opportunities to be able to talk with me take pictures the food's good the booze is free just in case you think and we'll hold it maybe this isn't the value we had sold our crowd last time I really want to see you at Barstam Miguel 307 Smith Street F stop Cowgarden for Carol it's in Cal Guard is really cool place I think you'll really like it all right that's tonight click the link for tickets Jim Cramer thank you so much thank you all right for more information on the stocks to mention please head back to the street.com