>> wait, as we have said, lockheed martin east's terrific. there were things that happened to ericson air crane that i still frankly do not understand and when the company comes back, we can ask them about it. earning season is in a frenzy with more on tap last week. terrible tech might be leaving a bad taste in your mouth, but many other sectors are acting so much better and don't give up on google. we'll be right back. >>> coming up, some of the biggest names in tech got crushed today, but cramer's found an under the radar name that can power your portfolio higher. brings gadgets to life. don't miss cramer's earnings exclusive with its ceo. and later, mild, medium? no, hot. a spicy earnings beat and the market sent its stocks soaring to a new 52-week high. is it too hot to handle? cramer's talking to the big enchillada. plus, you ask, he answers. >> i do not know canadian solar, which means i've got to come back on it. >> now, he's got the answers you need. plus, jim responds to your tweets and e-mails. [ kitt ] you know what's impressive?

what's your take on this one and also on lockheed martin? >> as we have said -- oh, lockheed martin is terrific. lmt is one of the best in show. ericsson air crane, there were things that happened after the company came here that i still frankly do not understand. and when the company comes back, maybe we can ask them about it. earnings season is in a frenzy with lots more on tap next week. terrible tech might be leaving a bad taste in your mouth, but remember, many other sectors are acting so much better. oh, and don't give up on google. i actually thought it was a pretty good quarter. "mad money" will be right back. >>> coming up, surge protector? some of the biggest names in tech got crushed today. but cramer's found a portfolio know. and gadgets come to life. don't miss cramer's earnings exclusive with its ceo. and later, mild, medium? no, hot. chipotle delivered a spicy earnings beat, and the market sent its stocks soaring to a new 52-week high. for the beloved burrito maker continue to grill up gains, or is it too hot to handle? cramer

today lockheed martin hit a new 52-week high as profits jumped 10% from a year ago. better than wall street estimates. the stock is up about 30% this year. jane wells is covering the story for us in l.a. >> hey, ty, the street expect the lockheed martin profits to jump, but as you say they were up 10% and the company raised full-year guidance. the stock took off like a rocket or a missile. a lot of the credit for the surprise goes to missiles and fire control sales. lockheed shares hits a new 52-week high and earnings per share were 264. the top loin did fall half a billion from a year ago but still came in better than expected and cash from operations fell 25% and the company raised full-year earnings to between 9.20 and 9.50 a share, the street expecting 9 even. sequester, so far not impacting lockheed's cash cow, the f-35 or really anything. while the pentagon supports the fighter, how much money it will have to spend on it is still unclear. >> in terms of any impact that we might see, it will be back filled by international opportunities because you can see that'

lots of military companies are represented, like lockheed martin and raytheon. is almost like a sort of disneyesque quality to how things are arranged as well. you'll see barbed wire and different -- different sorts of props that make you think you are in a border -- in a militarized border zone but it's a place of commerce and milling around you'll see law enforcement and business people -- >> michael: that answers the question, because it all goes back to the money. so we're going to build this wall, make a lot of money doing it, and contractors will make a lot of money doing it. >> exactly. >> michael: border patrol is currently staffed at its highest level in his 88-year history. the immigration bill which i like to call a republican's job bill would bump it up to 38,000. the number of undocumented immigrant per agent has dropped to just 19 per agent last year. are more agents just going to be standing around then doing nothing but cashing our checks? >> there's a lot of analysis that tends -- that suggests just that. there is also the possibility that the a

lockheed martin, also another name we continue to follow. and seen strong profits. good news for lockheed martin, up 2.3%. back to you. adam: nicole, thank you. also making news today, shares of sourcefire soaring to a new all-time high on news that the cybersecurity company will be purchased by cisco. cisco will pay $76 a share. the deal is expected to close in the second half of the year and been approved by both company boards. the purchase price valued at $76 a share, represents at 28.6% premium over the target monday closing stock price. >>> new york's laguardia airport and runway have reopened after the nose gear failed on a southwest airlines flight from nashville last night. the boeing 737 front landing gear collapsed upon touch down. ntsb, faa, boeing, united technologies which makes the landing gear are investigating that incident. lori: apple, as you probably know already, set to announce the fiscal year 2013 third quarter earnings after the bell today. many analysts predicting that the tech giant will fall short of expectations.

i was aware internally lockheed martin in a general way. i had no contact about it. i'd been the deputy attorney general when the contract was first lead. i didn't know that at the time set out of abundance of caution i tried not to be involved in it and was not involved in that. >> the inspector general continually unfolded development. do you think that the american taxpayers got what they paid for the program? >> i don't know, senator. i don't know the answer to that. speckling your public service and worked at a major defense companies then well-known private investment manager. recently you became a director at hsbc. given the department entered into a deferred prosecution agreement with hsbc will you have a conflict of interest with regard to that matter? and if you do or what have, how would you resolve that? >> i think it would be a conflict so i would recuse myself that any matter relating to my former employers. >> just generally with pursuing those matters what assurances can you give that you collected it will pursue the securities, regulations, bank frau

lockheed martin helping. looking at aerospace. lockheed martin terrific here.the door off of earnings. be aerospace, another one. terrific numbers. look at the industrials. united technologies really helped the dow jones industrials average today. strong in aerospace. illinois tool works was a bit of a disappointment. two cents lighter. they said things would be better in the second half of the year. material stocks. dupont fair, not great. light on the revenues. ended on the downsideme mentdow. tough time for copper, but a nice beat overall. they came off the lows of a couple of weeks ago. why are we at new highs? people keep bucking me about this. there's a bunch of reasons, but it's obvious. record earnings. mr. bernanke has been dovish. the second-half improvement is expected right now. and china talking this morning -- or this evening about 7% growth being the bottom line there. finally, look at coleman over at dupont. look what she had to say. this is the reason the markets are holding up here. we anticipate sec half earnings will be significantly better

are invested in companies like lockheed martin northrop grumman companies that make a lot of money off of selling war and that's part of the illusion the malays that america is under it's willfully an educated scientifically and in terms of words money is actually going you know what it's you know what you know george the one percent likes the fact that americans are not very educated ok you know it's really to their advantage ok really you know give them empire you know bread and circuses like the romans ok it really it's the really true head yeah. that's exactly right so every four years and now increasingly every two years we go through these highly contentious elections in which nothing whatsoever changes. so we have these endless food fights but everything remains. mentally the same there's no challenge to the. status quo in terms of the gun control by banks controlled by the political system so some minor changes on the symbolic issues in which politicians argue about whether it's a gun control or ga ga i think i think that you know about it's even worse think it's even worse it'

lockheed martin derive a significant part of their income from government contracts so would it be i mean could we extend this definition of government to include maybe fortune fifty fortune one hundred fortune five hundred companies as well. you know you could you can define anything that you want personally i would not do that because they're not under the same regulatory environment that banks are in they're not government chartered the way banks are yes they have corporations and they're granted limited liability which is extremely important most of these corporations would be very different without it which is a government protection and so in essence the government certainly entitled to rig regulate them for public purpose in exchange for that but i'd say it's a whole load of magnitude different from the banking system ok and let me ask you. you know give me the back the government accepts bank deposits for payment taxes it does not accept liabilities from general electric or pay no taxes ok that makes it clear and i'd like to talk a little bit about the federal reserve because

lockheed martin chase manhattan bank clear channel all in one place at one time but these are people are on the boards of directors of course are talking about really important things and making kinds of consentual planning around while it's the dosages of overriding a lot of different issues so peer you mentioned some media heads media moguls course and tory as for going year after year at the summit i mean if their present why don't we hear much about them oh you mean club or the grove on the press. there are people from the board of directors of the a.p.c. yet and los angeles times that are all members there but it's considered a private club and to be a member you're not supposed to do publicity or talk about what those are. so you're saying that board members of the top corporations in the world wouldn't want to report on their own in succession from the top one percent activities. generally and that's pretty much the case though one of the things that we've recommended media freedom foundation. last year we we sent a letter to the club we recommended the excite shares be be tel

sixteen planes over there we don't want to disrupt lockheed martin's revenue stream so i think are we giving this much mixed messages to them. maybe they would see that as the mixed messages however this is part of a previous agreed upon deal that they decided maybe this is the time to go ahead and complete it the military the pentagon and they gyptian military is in close relationship and that really maybe a lot of people would tell you really what defines the u.s. relationship as a whole and it seems like the u.s. relationship may not even be that necessary anymore because they got about twelve billion dollars in funding from the u.a.e. for you know saudi arabia so is the u.s. still relevant in these negotiations and how is the u.s. going to reassert its power if it wants to control this region many people were arguing. as the demonstrations were taking place in egypt that the u.s. influence in egypt is really. do creasing and maybe the pledge of the arab countries do poor in money to egypt is just a proof to this theory however the u.s. is saying that no we still have and a lot of

and i want to throw out a couple of names for you we've got northrop grumman we've got raytheon lockheed martin general dynamics and rockwell collins now do these names sound familiar to you. because these are the main people that were supplying weapons and contractors in iraq and afghanistan wars a lot of people say that these people are now pushing these companies are pushing for immigration reform in the form of border security because they need to feel you have the next markets you have there or there are their businesses survive and thrive and just to give you an example abby of those companies that i named in the two thousand and twelve senate campaign election alone they donated nine hundred thirty seven thousand dollars just the senate campaigns and twenty twelve wow it's amazing that they're going to do it in the guise of you know immigration reform or really just to be thought the border militarize it even more so than it already is making your ex was it was really powerful i want to play another clip from what this gentleman had to say. my american dream is to one day. congress and o

want to throw out a couple of names for you we've got northrop grumman and we've got raytheon lockheed martin general dynamics and rockwell collins now do these names sound familiar to you. because these are the main people that were supplying weapons and contractors in iraq and afghanistan wars a lot of people say that these people are now pushing these companies are pushing for immigration reform in the form of border security because they need to feel you have the next markets you have there or there are their businesses survive and thrive and just to give you an example abby of those companies that i named in the two thousand and twelve senate campaign election alone they donated nine hundred thirty seven thousand dollars just the senate campaigns and twenty twelve wow it's amazing that they're going to do it in the guise of you know immigration reform or really just to be thought the border militarize it even more so than it already is making your ex was it was really powerful i want to play another clip from what this gentleman had to say. my american dream is to one day. have congress

lockheed martin derive a significant part of their income from government contracts so would it be i mean can we extend this definition of government to include maybe fortune fifty fortune one hundred fortune five hundred companies as well. you know you could you can define anything you want personally i would not do that because they're not under the same regulatory environment that a banks are in they're not government chartered the way banks are yes they have corporations and they're granted a limited liability which is extremely important most of these corporations would be very different without it which is a government protection and so in that sense the government certainly entitled to rig regulate them for public purpose in exchange for that but i'd say it's a whole order of magnitude different from the banking system ok and let me ask you . you know the back the government accepts bank deposits for payment taxes it does not accept liabilities from general electric for pay no taxes ok that makes it clear and i'd like to talk a little bit about the federal reserve because we h

sixteen planes over there we don't want to disrupt lockheed martin's revenue stream so i think are we giving mismatched mixed messages to them. maybe they would see that as the mixed messages however this is part of a previous agreed upon deal that they decided maybe this is the time to go ahead and complete it the military the pentagon and they did in military is in close relationship and that really may be a lot of people would tell you. really what defines the u.s. relationship as a whole and it seems like the u.s. relationship even be that necessarily more because they got about twelve billion dollars in funding from the u.a.e. for you know saudi arabia so is the u.s. still relevant in these negotiations and how is the u.s. going to reassert its power if it wants to control this region many people were arguing as the demonstrations were taking place in egypt that the u.s. influence in egypt is really. do creasing and maybe the pledge of the arab countries do poor in money to egypt is just a proof to this theory however the u.s. is saying that no we still have and a lot of actually

lockheed martin chase manhattan bank clear channel all in one place at one time but these are people who are on the boards of directors of course are talking about really important things and making kinds of consentual planning around well it's the dosages of a variety of a lot of different issues so peer you mentioned some media heads media moguls course the tory as for going year after year at the summit i mean if they're present why don't we hear much about them oh you mean club or the grove on the press. there are people from the board of directors of the a.p.c. yet and los angeles times that are all members there but it's considered a private club. to be a member you're not supposed to do publicity or talk about what those are. so you're saying that board members of the top corporations in the world wouldn't want to report on their own in succession the top one percent activities. generally and that's pretty much the case so one of the things that we've recommended media freedom foundation. last year we we sent a letter to the club we recommended a lakeside should be be televise

the representatives who voted in favor of the bill now defense and intelligence firms such as lockheed martin boeing united technologies and honeywell international they donated on average forty one thousand six hundred thirty five dollars to representative while pro a mosh amendment representatives received on average less than one hundred thousand dollars from those firms and the defense companies are not fans of representative a mosque himself he ranked in the bottom fifty for the two year period and only received fourteen hundred dollars now of the top ten moneymakers only one house member voted to end the program now the investigation shows that defense cash was a better predictor of the members votes on the emotion moment and the party affiliation and the money don't both in dollars and in votes for archie. moving on to the fate of bradley manning one day after a judge convicted manning of violating the espionage act charges that carry a maximum of one hundred thirty six years in prison the sentencing phase of the trial begins today last night supporters of bradley manning took to the s

the representatives who voted in favor of the bill now defense and intelligence firms such as lockheed martin boeing united technologies and honeywell international they donated on average forty one thousand six hundred thirty five dollars to anti emotional presented of wall pro emotional moment representatives received on average less than one hundred thousand dollars from those firms and the defense companies are not fans of representative emotions self he ranked in the bottom fifty for the two year period and only received fourteen hundred dollars now of the top ten moneymakers only one house member voted to end the program now the investigation shows that defense cash was a better predictor of the members votes on the emotional moment and the party affiliation and the money don't lie both in dollars and in votes for r.t. i marinated. staying on the issue of privacy on tuesday the fifth circuit court of appeals ruled that law enforcement doesn't need a warrant to collect your cellphone location information cell phone towers can track the location of your cell phone in the us the location o

i was aware of it, in lockheed martin, in a general way. out of an abundance of caution, i tried not to be involved in it and was not. >> do you think the fbi and taxpayers got what they paid for in the sentinel program? >> i do not know. i do not know the answer to that. >> you worked at a major defense company. you became the director of hsbc. will you have a conflict of interest with regards to that matter? how would you resolve the conflict? >> i think it would be a conflict and recuse myself of any involvement involving my former employers. >> generally, with regards to pursuing those matters, how can we be assured that you will go after white-collar offenses? i have long thought that prosecution of white-collar crimes is the right thing to do. you don't have people who are doing accounting fraud high on crack. but, we must send messages to the good folks of reassurances that we are doing something about this. and, messages to the bad folks that we're going to do something about this. >> bridgewater, your former employer, embraced a ph

lockheed martin reports tomorrow and lockheed stocks he hadding a new 52-week high.ou >> thank you so much. every day we hear housing is coming back. the segment is hyenas mortgage rates are rising and many home building stocks are on a tear in the last year. diana olick, as you know, covers real estate for cnbc and joins us live now in washington. diana? >> reporter: well, sue, you're right, the housing bulls are out in force. even if the numbers don't always support them. we learned today existing home sales in june full unexpectedly due to still tight supply. why are there so few listings out there? because so many potential homeowners, buyers who might want to move up are stuck in place, owing more on their mortgages than their homes are worth. this as the big banks and big build remembers back to bringing in big profits for wall street. david and heather built their oregon home in 2005 at the height of the housing boom. >> we're under water because our timing is outstanding. >> reporter: value of their home was cut in half by the housing crisis. as their family

his role as chief counsel at lockheed martin after he was in the bush administration was not mentionedsel at lockheed martin, he may have had a role in shutting up a whistle blower in a way that cost the government millions of dollars and in a way that i think might unfit him for federal office. >> i think you just broke the story here. or half broke it. i don't know. we'll see. jamelle. >> i'd like to point to the ongoing saga of the virginia first family. bob mcdonnell's wife has been found to have spent $10 now $10,000 on his pac. which is legal under virginia's lax finance laws if the campaign is in operation, but it makes it very sketchy. it seems every week there's new revelations about the mcdonnells spending tens of thousands or getting tens of thousands of dollars from weird and sketchy sources. >> only five months left in the governorship. then we'll be done with it. >> i want to point out to the supreme court decision from about a month ago now that eliminated part of the voting rights act and now we're starting to see several states act on that. we've seen texas and now nor

. >>> pentagon reach as 7 billion-dollar deal with lockheed martin for 71 more, f-35 fighter jets.ffers count. this al louis them to produce all the jets intended despite budget cuts that took effect in march. that is the m latest from fox business, giving you the power to prosper only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with these types of plans, u'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. join the millions who have alrdy enrolled in the only medicare supplement insuran plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision gu

it, in lockheed martin, in a general way.out of an abundance of caution, i tried not to be involved in it and was not. ando you think the fbi taxpayers got what they paid for in the sentinel program? >> i do not know. i do not know the answer to that. worked at a major defense company. hsbc.came the director of will you have a conflict of interest with regards to that matter? how would you resolve the conflict? >> i think it would be a conflict and recuse myself of any involvement involving my former employers. generally, with regards to pursuing those matters, how can we be assured that you will go after white-collar offenses. ? i have long thought that prosecution of white-collar crimes is the right thing to do. you don't have people who are doing accounting fraud high on crack. send messages to the good folks of reassurances that we are doing something about this and messages to the bad folks that we're going to do something about this. >> bridgewater, your former embraced a philosophy of transparency and recorded a lot of

. >> just as new star was spun off from lockheed martin conoco phillips spun out phillips 66. >> it's people are really going to be watching this earnings report closely. that's on revenue of $41.5 and, of course, the refiner are in a tough position as crude prices have climbed higher. we did see valero report and they game in with an eps and what they will be watching for is how they maintain the margins and how they deal with the price balances. >> analysts expecting a neutral report. soda strome. >> comes out after the close. there's been downgrades, a lot of concern. want to quickly mention american tower. that comes out also. keep a watch on that one. and what they say will be fascinating. we have to leave it there. that's earnings cut for today. melissa lee will be back tomorrow joined by court any reagan and jon najarian. >> appreciate, it buddy. >> up next on "street signs," special street talk, paul hickee here and we'll dig into the five most undervalued names of the s&p 500. are they cheap for a reason? we're bringing you mega cap picks, a four-star fund manager who says th

that thought, the best-performing stocks this year, defense, general dynamics, northrup grumman, lockheed martinthe congressional cost cutting may not be as crushing as ben bernanke thought it was. he's got to be thinking, man, i don't know. auto, gas, homes, leisures, defense spending. let's see, these are big parts of the u.s. economy. and rates are ridiculously low versus the strength in those key sectors. throw in the fact that last night we got our first truly post recessionary numbers from europe, a report that shows an expansion, something i've said is the hallmark of the earnings period but no one believed me until this morning. you get the feeling things have changed for the better. rate changes have got to come. the stock market tries to predict what will happen and not just surmise what is happening. what does the market see? how about the possibility we get a good jobless claims number tomorrow and a better nonfarm payroll number next week. rates have to come back up to where they were a couple of weeks ago before we got gloomy gus data. i would urge you not to jump to too many concl

all of america's best and biggest businesses, the best and biggest contractors like dinecore lockheed martin. these are not hippies that run these businesses. these are businessmen who make military machinery. and the best of those companies have adopted lgbt workplace policy because it is the right thing to do. also because it is good for business. president obama should follow the lead with corporate america. he should follow the lead of the american people who have totally accepted the gay rights movement. there is nothing to be afraid of. it's time to sign. >> john: i hope he heard it because i'm sure the white house still gets current. tico, what are the odds of this thing making it through the house and becoming law? >> we'll start a discharge petition that allows you to get a bill stuck in committee out of committee when 218 members sign that petition. it's going to be a long slog. it will be a tough site. we've got some shot at it this year. it will help when we wrack up an enormous win in the senate with more than 60 votes possibly around 70. this will be huge when we win. >> john:

companies like caci, lockheed martin, general dynamics, just all the old-fashioned, industrial "we're building ships and submarines"-type corporations quickly moved into the intelligence and information space. >> narrator: the nsa spent billions of dollars on more than 480 private companies. michael hayden led the effort in the days right after 9/11. >> hayden: i did it at nsa, george did it at... at cia. we... we all did it. it was a way to go out there and... and to get these capabilities into the flow infinitely more quickly than you would have been able to do had you gone through the government personnel system. >> narrator: in office parks near the nsa, thousands of private contractors-- many making much more money than federal employees-- help digest data. >> priest: this war was not a war that required a lot of tanks, a lot of fighter jets. it required information. and information flows in a different way and is... is analyzed by machines. >> narrator: exactly how much money the nsa was spending in the years after 9/11 is one of the government's most closely guarded secrets. th

same thing with lockheed martin.he board, you can throw boeing in there as far as derivative plays. i think every one of them is hitting 52-week highs today. as far as sequester and what it meant, these guys are knocking it out of the park even with sequester. >> facebook sure to be one of tonight's most closely watched earnings reports. porter bibb joins us on set with what you should be looking for. what are you going to be looking for? >> i'm looking for a decline in advertising revenue and not much else. he's going to be talking a little bit about graph which is their killer advertising metrics provider that they haven't really capitalized on yet. >> you sound really excited, porter, about this quarter. >> you asked me what i'm looking for. look, the volume has disappeared on facebook trading, and zuckerberg has got to step up. he hasn't really told anybody anything that's going to capture attention. >> yet, i have guys sitting next to you who continue to like the stock. >> yeah. i think it's got good momentum. i