Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
You've probably heard that the US could become energy independent by 2020.
That's in large part because energy companies are now able to recover oil and gas from reserves that were impossible to access just a few years ago.
"Even a decade ago, nobody thought that the oil in the Bakken or the Eagle Ford or much of the Permian Basin could be recovered in an economical manner," said Cramer.
However, thanks to advances in technology developed by companies such as Core Labs, that's all changed.
Perhaps the ultimate example of Core Labs technology at work is the Spraberry Wolfcamp formation; the new technology could make this Texas oil field the second largest oil field in the world.
"It's only behind a giant field in Saudi Arabia," revealed Core Labs CEO David Demshur on Mad Money.
How does Core Labs do it?
"The reservoir description business at is able to determine how to drill in order to get the most value out of an asset," Cramer said. Also, "Core technology is able to analyze the rock and the fluids in reservoirs in order to generate more oil on a daily basis."
"On top of that, Core Labs' technology allows drillers to extract more oil over the entire life of a given reservoir," he added.
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The theme is among Cramer's favorites.
Even during the shutdown, when Washington dragged down the markets broadly, Cramer advocated putting money behind this theme. "It's one of my absolute favorites," he said. "The story isn't done. Core Labs is among the best tech plays in the oil patch."
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