plus, lockheed martin tops expectations the stock surging today, gaining 22% this year. that trounces the 20% drop in the s&p 500. the cfo will be along very shortly to give us a peek into 2023 and even as the threat of recession looms. >> hello, tyler, and hello, everybody. a broad rally, all 11 s&p sectors are higher the dow up 652 pointsat its highest. right now, up 416. we're 1.4% the s&p 500 is up 1.5% the nasdaq composite up 1.3. in the last 30 minutes, twitter shares popped on a report the company is locking employee stock accounts in, quote, anticipation of a deal and salesforce is the best performing dow stock this afternoon. david faber, the first to report that activist investor starboard has taken a stake in the enterprise software company, citing a significant opportunity. there you see salesforce up 5%, and faber also reporting dan lobe has build a sizable position in colgate palmolive, saying there's hidden value in the pet food subsidiary. you see the company up almost a full percentage and goldman sachs up 3% after the bank topped analyst expectations on

anymore upside potential in lockheed martin? >> there is. i love lockheed martin.nse sector for obvious reasons, global uncertainty, i still like. i believe buying it right here after a 20% run up, it was two weeks ago, we can probably expect a little bit of a pool back. if you have money you want to put to work, a little bit of a dividend, defense upside, 20 or $30, about 440, that's a great place to enter. stuart: we will take your advice on that, see you again soon. what is moving this morning? boeing is moving up 6%. lauren: china southern airlines scheduled domestic flights of 737 max for the end of the month. that feeling market, china, where airlines have not returned after the crashers a few years ago. stuart: talk about the travel boom, southwest airlines is writing at 3%. lauren: they forecast the demand, a lot of airlines continue in the fourth quarter, that is the end of the year. you have that holiday travel so investors are moving. stuart: service now. digital workflow. digital work flow software. lauren: connected to the cloud, doing things online. e

lockheed martin, boeing, general dynamics, and raytheon. those companies are doing everything they can to make sure u.s. sales to us many countries as possible and wide array of systems as possible. they have 300 lobbyists just amongst those four companies. they employ former government employees, former heads of the pentagon arms sales agency. jobs related to arms sales as a way to get members of congress to support things they might otherwise oppose. that is the military bedrock that every administration has to contend with. of course we have also seen foreign influence. most recently revealed "the washington post come from many military officials are on the payroll of saudi arabia and the uae another repression of -- repressive regimes help them shape their military. coming from the military knowing you're going to get a payoff, they also influence how they treat those regimes when you are in power in the military. there's a lot of money at stake. it shapes the policy and ways that are detrimental to human rights and peace and stability.

take it away. >> contessa, lockheed martin only a buyer all workhorses we've seen in the last ten years consistent reports substantial name talk about them being off their high earnings coming out later ins week i don't see the crown joel of this global defense contractor is up 35 just won a $152 million defense contract with logistics f-35s. and besides this, moving higher above the 50-day high moving average. >> number two would be amgen >> amgen, three quick reasons. a lot of free cash flow. $125 billion market cap. biggest biotech company in the world. you see the pipeline rich and promising however, it's lagged the industry it down from a forward pe ratio and image closer to 15, 16 opportunity mere but buyer of amgen as well. >> why penalized if its pipeline is so good >> hasn't delivered. late stage talk about the drugs so many volatility in, we don't know stage one two or late cycle but there is promise but nothing's delivered yet. that's why. >> final name in the list. dr. pepper would you drink it >> i love dr. pepper kills me to put a sell rate because i love the commercialed.

lockheed martin up 1.7%. northrop grumman up 1.7%. we've got the closing bell, four minutes away.k about investor uncertainty and jittery attitude, right? this is like a teenager who can't beside which bff to invite to a concert. the dow crossed the unchanged line 91 times in a seesaw session. wasn't it 55 at the top of the hour? just in this amount of time it has gone absolutely crazy on indecember sieveness here. dow is down 38 points but hold off on "the hunt for red october." the bear has been sinking its claws into stocks this year but our "countdown" closer says october could be the bear market killer. ryan detreich joins us, chief market strategist at carson group, a group with 20 billion in assets under management. ryan, you know i love you, all i can think what everybody believes, that the fed will continue raising rates, that until they are finished we will see lower lows perhaps? >> yeah. well, liz, first off, thanks for having me back. you're right, the fed is aggressive, we know that. what is priced in? market is forward-looking mechanism prices things in. if we get a

we had a couple of wonderful astronauts, former ceo of lockheed martin and they came up with the same scenario that we did. they uncovered the problem with the program and gave us some options for how we can move forward when we made the decision to go forward that wasn't popular and as i outlined in the book i took a lot of the blame the truth is so many people really did agree that we were at an impasse and something needed to be e done. >> explain what was constellation? what did it consist of and why was it so badly managed? >> so constellation was a government owned and operated program along the lines of apollo, the head of nasa at the time called it apollo steroids wand it was supposed to start with a capsule and a rocket called ares one would take astronauts to the space station after the shuttle retired. of course the space station wasn't going to be there anymore unless they got more money but his longer-term goal was to go to an even larger rocket called ares five take us back to the moon . astronauts on the moon again. those were the only real three elements along with gro

lockheed martin -- i know you like them for example. a war in europe or ukraine, armaments are being sold rapidly all around the world. i would have thought this was time to get into a defense play? what do you think? >> i do like that very much, stuart and lockheed martin has been one that i followed for a long time. you and i have discuss it had as recently as may, checked my notes. and they are the biggest defense contractor for the u.s. in terms of armament sales and they have one teeny business that i love and will pay dividends going forward i think and that's their cybersecurity business and they're one of the best in the world at that. while they're doing all this, throwing off a 3% dividend is not that bad either. they've had a much less rocky road than the rest of the market for the whole year. stu: how long is this inflation going to last and how bad will it be? do you want to make an estimate for us? >> in my studies and a lot of the people i get to talk to, stuart, i've seen the -- a lot of peep want to believe that we've h

are having a great week >> lockheed martin earnings were spectacular.o say, that's okay. good luck getting back in. >> honeywell, jason? >> yeah, i like honeywell. you see what ual did and some of the other airliners, their exposure to aerospace, with a 2.25% yield. >> mastercard, real quick? >> same as visa, you're going to see where spending is going. no issues with credit. i like it. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. the hiring process used to be the death of m

plus, lockheed martin tops expectations the stock surging today, gaining 22% this year.

we had a couple of wonderful astronauts the ceo former ceo of lockheed martin or magazine chair and they came up with the same scenario that we did. they uncovered the problem with the program and gave us some options for how we could move forward when we made a decision to go for that wasn't popular and as i outlined in the book, i took a lot of the blame, but the truth is so many people really did agree that we were an impasse and something had to be done. so explain for what was constellation. i mean, what did it consist of and why was it so badly managed? i mean what was going on there? so constellation was a government owned and operated program along the lines of follow the head of nasa at the time called it apollo on steroids, and it was established to do all things. it was supposed to start with a capsule. aldo ryan which we still have and a rocket called ares one that would take astronauts to the space station. after the shuttle retired, of course, the space station wasn't going to be there anymore unless they got a lot more money, but it's longer-term goal was to build an even

we had a couple of wonderful astronauts, the ceo former ceo of lockheed martin shared it and they came at up the same sceo we did. they uncovered the problem with the program and gave us some options for how we could move forward. when we made a decision to go forward that was unpopular and as i outlined in the book i took a lot of the blame, but the truth is so many people really did agree that we were at it and ask him something had to be done. >> host: explained to him what was constellation and what did it consist of and why was it so badly managed? i mean, what was going on there? >> guest: the constellation was a government owned and operated program along the lines of apollo. they called at the time nasa on steroids and was to do all things. it was supposed to start with the capsule called orion which was to left and iraq are called ares one that we take astronauts to the space station after this shuttle retired. the space station wouldn't be 30 more in less he got a lot of money but its longer-term goal was to build an even larger rocket called the ares five that we take us bac

spacex starlink and any other company that can be used in scenarios of potential collisions. like lockheed, martinave more experience with government and understand what they are dealing with. so i would encourage everyone including the mask to raise awareness of the fact to work in a company that cooperates with the us government this is extremely important the us bureaucracy has begun to move towards business, the mask senator lasts graham threatened the entrepreneur with something like sanctions said that manufacturers of electric cars . it was time to sew tax breaks, and i noticed that money should be sent to the ukrainians, unlike ford and generamoter. with tesla, i didn’t use benefits, and then the shares of the company producing electric cars fell by 9%, however, ukraine has nothing to do with it. the fall in tesla shares is largely due to the property and the fall of the american fund in the market, in particular the nasdaq indices. and this depends primarily on the increase in wire rates in america, which are gaining momentum against the background of the fight against inflation, as well

the numbers from lockheed martin encouraging the crowd. f-35 sales were strong. on the other side, toymaker hasbro's profit cut in half as consumers rethink what they are willing to pay. you have activism over salesforce. we will continue to watch and see how that plays out. staying with technology, all eyes are going to be on netflix after the bell tonight when it reports quarterly results fresh off that planned ad launch. that stock is down 60% this year and the stream is expecting potentially they could add one million subscribers. kriti: something we will be watching. one of the big stocks we have been watching today, goldman sachs after posting earnings. offset an investment banking slow down. oppenheim or earlier discussed whether this could be discussed. >> it is always lumpy. we and most other analysts have been forecasting a decline in trading revenue next year. on the other hand, it may not happen. i think the world's central banks have stirred the pot to such a degree that investors are much more active than they were in all those years of financial su

positive earnings from lockheed martin helping in choppy trading. in focus today data on housing starts and earnings from procter & gamble. shoppers plan to adjust their holiday spending strategy to deal with the impact of inflation on their wallet. deloit is out with its annual survey and spending is set to be flat with an average over $1,400 per household. consumers expect to buy fewer gifts and are getting an early start worried about high prices and items being out of stock. turkey prices are 73% higher than last year. analysts say they could stay that way through thanksgiving, and that's largely due to the spread of bird flu but this year cases started showing up in july. commercial producers have had to kill tens of thousands of birds to contain the virus leading to lower supply. higher feed cost and labor shortages are also factors. the usda says the cost of an 8 to 16 pound turkey is $1.99 a pound versus $1.15 last year. marcus and laura, back to you. >> have a little more stuffing. >> maybe go out to eat this year. >> but that's high, too,

now the amendments offers multi year contract for munitions with companies like lockheed martin. the pentagon would also be able to cooperate with nato allies to buy weapons for ukraine related contrives . in addition, the bill includes $10000000000.00 in military aid, full tie, one over the next 5 years. and the senate is expected to vote on the matter in november. the bill, however, has been criticized by some analysts ukraine. age shouldn't be another way for contractors to nickel and dime the pentagon, wasting taxpayer dollars, and undermining the purpose of assistance to support the ukrainian people. but the amendment further deteriorates already weak guardrails in place to prevent corporate price gouging of the military. with us has the highest military budgets world wide, and it's also been the biggest supply of arms to ukraine. political scientists to go to the li believes that the proposed amendments is another attempt to further increase u. s. military spending. this is another, give away to arms, manufacturers and arms dealers are which really rule the roost in a lot o

the amendment offers multi year contracts for munitions with companies like lockheed martin. the pentagon would also be able to cooperate with nato allies to buy weapons for ukraine related contract. in addition, the bill includes $10000000000.00 and military aid for taiwan over the next 5 years . is that it is expected to vote on the bill in november. the document, however, has been criticized by some analyst ukraine age shouldn't be another way for contractors to nickel and dime the pentagon, wasting taxpayer dollars, and undermining the purpose of assistance to support the ukrainian people. but the amendment further deteriorates already weak guardrails in place to prevent corporate price gouging of the military. the u. s. has the highest military spending worldwide, as well as being the biggest arm supplier to ukraine since the conflict erupt, it political scientists, economists, and analysts dakota. lily believes that proposed amendment is another attempt to further increase us military spending. this is another giveaway to arms thing, factors and arms dealers, which real

and then there is lockheed ma martin be careful with lockheed martin. the numbers were amazing the stock has been going straight up as short sellers are scrambling to cover, bringing in bad bets netflix gave us the single best quarter of the earnings season gigantic beat with an extraordinary upbeat outlook i never seen management at this company as bullish as they were. i know the quality of the program and lined up and done enough on the ad supported tier to know it will be a home run. i would buy netflix right now aggressively that's how great i think this quarter was. wednesday we got another one that is misunderstood making moves and that's proctor and gamble this was a thing of beauty people haven't studied it. i've been around following proctor and gamble forever they got hit by cost and a tiny amount of trade. the analyst focused on the small amount of trade and what will happen when the dollar goes down and raw cost from headwinds to tail tailwinds. k not saying they're idiots, i think proctor had itself up for a gigantic surprise going forward

the system set up in the should get large amounts of >> emblematic and then with that and then lockheed martinorses your view. and then to support the cancellation does that surprise you and once you knew that's what you are going toward unity that would set off a firestorm. because on the transition team and then to pretty much aligned with the committee later came up with. and then to say this isn't something you should keep investing in. and confident is not the only way to i go forward. i have talked to him enough yes you are getting money. so we were all ready to announce this in october of that year. the white house was very concerned about the vote for healthcare and a close margin to pass the 60 votes in the senate with the democratic leadership and they decided to incorporate the decision with a budget process. that meant we had to involve many more people for the national economic council and the office of science technology policy, omb that nasa didn't want to do it and the budget process has to go to the administration from the agency prepared budget it didn't add commercial crew i

we mentioned united airlines and lockheed martin as well. netflix as well.atches had cleared out of the way, most parts of the uk had plenty of sunshine but there were some big contrasts in the temperatures from north to south. across england and wales, very mild weather. in parts of sussex, temperatures as high as 20 degrees but even though we had sunshine across the north of the uk and scotland, here, it was much cooler, with temperatures in shetland just reaching 10 degrees. the reason, well we had this cooler air mass underneath this area of high pressure and that will be slipping eastwards over the next few days and this area of low pressure to our south—west really is going to dominate and will be very slow—moving so we will transition to even more unsettled weather conditions, really, and that transition is taking place right now. we are seeing outbreaks of rain arrive with strengthening winds and look at this, towards the start of wednesday morning, the end of the night, we're looking at temperatures of 16 degrees in plymouth and those temperatures a

some of the big winners, lockheed martin, up double digits after an earnings beat.ii 9% gains there. there's a number of factors at play you've got defense budgets, the latest coming from japan, and earnings and comment tears on the airlines so far, looking for more demand for aircraft. >> the whole idea of global conflict, this is the whole area of aerospace and defense, when conflict arisesing you have demand for more of that tough. you know this is the world we live in. there is a more aggressive stance towards protecting one's self these days. >> you're seeing the defense budgets world over increase. long lead times, so it will take a couple years for some of this. >> but like you mentioned, the primes, those are the ones we watch. >> for sure, for sure. >>> all right. so what i'm watching right now, morgan is a survey showing just how much inflation is hurting the average american prices will go up, you can't control that, but if you can try to bring in more money from the inckcome 57% of workers say they want the opportunity to work more overtime or pick up ex

last week you were on the show and said, hey, get out there and buy defense stocks like lockheed martinnd i noticed that stock is up about 12% in the last seven days. anymore defense stocks you like? >> i like most defense stocks here, stuart. i would stick with lockheed despite the big pap up and they've been winning everywhere. they're f35 planes are selling outside of the u.s. and doing quite well all over europe. you can imagine they might want extra planes there and high mobility rocket systems are doing really well and they've been crushing it from a defense provider standpoint and it's something as you and the congressman before me said, we really do need right now. stu: i'm still looking at treasuries, you realize that. i mean, the two year treasury pays me 4.57% as of this morning. what's wrong with that? >> not a thing, stuart, and i've given you before that one year treasury which gives you less short term price risk is just a couple of basis points below that in terms of yield. buy that 12 month and get same bang for your buck and less downside risk i. stu: i'm going to put

a lot of money going in and then tone stand up this commissionr the former ceo of lockheed martin endorsesnsview scenario different options to the president and he supports the cancellation. what did you make of that in that moment? if you knew that going forward how did you prepare for that? >> on the transition team our report pretty much aligned with the committee came up with later. that's not something you should keep investing in and the way to get humans back to the private sector. i was very confident the president agreed and i talked to him enough he knew we would be adjusting so if they are not that competitive if open to others. and they are concerned of keeping every vote for healthcare. and that is the budget process. and thatil man's the national economic council and the office of science technology , omb that nasa did not want to do it. and that budget process has to go to the administration but theke agency prepares a budget. but it did not add commercial crew i tried to get them to change. my boss ate the time was ready to doea with the nasa people wanted to do and not even

stronger than expected earnings from jonsson and johnson and lockheed martin.he dow gained 340 points. the nasdaq finished 96 points higher, just under 1%. the s&p 500 rose nearly 1.25%. >>> shares of netflix soared 14% in after hours trading. the streaming giant said it added 2 million -- 2.4 million, in fact, subscribers reversing recent declines. netflix says it wants investors to focus less on those numbers and more on revenue. the company claims its main competitors had combined losses of over $10 billion this year while it turned a profit of 5 to $6 billion. >>> new report shows the u.k.'s inflation rose 10% in september. driven by big increases in food and drink prices which are up more than 14%. brittain's new finance minister during his fifth day on the job says he understands families are struggling and the government is working to deliver stability and growth but the u.k.'s leadership seems anything but stable. liz truss is in a fight for her political life as she prepares to face parliament with a weekly prime minister's questions and it's not at al

if your name seems to be lockheed martin or northrup -- they seem to have no problems in this environmentes and it's been difficult to own the shares at a certain point this will be compelling it's not here yet. they continue to trip over themselves when everybody else in the space, their competitors, figures it out no bueno here. >> coming up, fedup with fedex why one of our traders is throwing in the towel. don't go anywhere. the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rol

another winner, lockheed martin, stock initially rose 5%.the company has seen increased demand for of 35 fighter jets after russia at invasion of ukraine. 3 of the top gaining stocks in the s&p right now all cruise lines, carnival, norwegian and royal caribbean all seeing a bump. connell getting the extra big boost today on a $1.25 billion private equity offering for refinancing. may be a rising tide lifts all boats or all cruise ships because these three are all top gainers on the s&p today but overall we are well below where we started the day. we had strong earnings showing the market might be stronger than we thought but there are still fears of recession and aggressive central banks held bond yields to go higher. there's been nervous around an additional 75 basis point rate hike from the fed in november and potential again in mid december. earning so far better-than-expected and that seems to be giving us a boost across the market. neil: thank you for that. grady trimble in chicago with plans to provide tax credits for those lucky enoug

we beat expectations for the most part and coke c came out great and lockheed martin and buying backcks and it's physical and the big question is housing prices coming down. is that going to feed into inflation? is inflation going to come down and fed saying let's back off a bit? i think they will. stu: you're in the camp that says, yes, the federal reserve won't pivot but slow down the rate of interest rate hikes, is that what you're saying? >> that's what i'm saying, yeah. stu: you don't know, but you're speculating. >> speculating because you can't trust the fed. they lied to us last year, stuart, when they said they weren't thinking about raising interest rates and now they're saying we're not going to back off on interest rates, i suspect eventually here inflation numbers will soften a little bit and they'll have to take a pause and that'll be extremely bullish for the market. stu: yeah, exactly. >> which i think means the market will go higher. stu: if you've got a pause from the fed in raising rates and inflation is not quite so hot as it was, that sets the tone for a market r

the etf ticker is climbing, up 2% sector earnings kick off with lockheed martin.aker beating on profit with revenue falling slightly short the company announcing a share buyback increase of $14 billion. that's got those lmt shares up right now, about 3%. still, lockheed's ceo revenue growth expected to return in 2024 why? a, quote, choppy supply chain, covid impacts are now poised to carry over into 2023 as the contractor promises to ramp production like raytheon javelins used in ukraine, he tells me he sees, quote, excess i have $10 billion in incremental opportunity. expecting to start in 2024 tactical, helicopters. we'll have more on that outlook and the geopolitical landscape when lockheed's cfo joins me on "power lunch" later today. >>> meantime, other aerospace and defense names are also in the green today. >> awful lot of green, although off the session highs. we opened up around 3762 or so we're off that >>> when we come back, we'll get art cashin's take on this rally and whether or not it will hold. ♪ ♪ wow, we're crunching tons of polygons here! what's g

by united i think delta improves upon that >> i like you, brian i also like the quarter out of lockheed martin, lmt. >> there you go. pretty good stuff. by the way, if you haven't listened to vital signs, check it again tonight let me know what >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to mat "mad money." welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job is not just to train but educate and teach you. call me at 800-743-cnbc or tweet me @jimcramer. when you think we can mount a significant rally, you have to think by the time anyone is thinking about that, the rally seems long in the tooth. look what happened today the dow gained 338 and s&p claimed ands that deck advanced 9.0% but that was down substantially. substantially from where it was earlier in the day why? because every advance in this market is predicated on so many things going right the dollar being s

cities, they have hit ukraine, moldova, italy and in august attacked lockheed martin claiming to get information but we're still analyzing the evidence they put out on the internet. >> as you point out, john, u.s. critical infrastructure is incredibly vulnerable now so what could a full fledged russian attack look like? >> well, that would be the product of years of work, wolf because the russians spent since 2007, 2008, there were operations again in 2017 getting into the systems of power supplies, pipelines, critical infrastructure, the food supply chain, you name it and they have looked at transportation systems, agriculture, water systems in particular so that if you put tools in these places and you let those tools lay dormant and wake them up on a zero day and say this is the day we're going to attack these systems, it's the thing to cause a major shut down. remember, 85% of the systems are held by the private sector so the government, dhs, fbi have been really after the private sector in recent days to up their game in terms of detection and protection. >> yeah, they better up

like lockheed martins of the world? >> my favorite name in that is lidos.harles: ldos. >> more of a mid-cap name. it has done really well. it has good diversification, and it is not as heavy in the war-time kind of business. i like that name. other thing i'm doing a lot with alternatives as a hedge. there are liquid alt products that are really diversified. charles: let's talk about that, liquid alt products, what does that mean? a lot of people are hearing, experts are coming on tv hey, forget the market for a minute. buy short-term bonds. get a yield, 3%, 4%. go to bed at night, go to sleep at night there is a world out there of alternatives that are a little bit more sophisticated but can make more money on. explain for someone who has never done it before. potential client sitting down in front of you the first time really interested in this? >> first off i hate the term liquid alternatives. there is nothing else to call it. that is what we refer to it as. basically products out there are hedge funds, kind of like hedge fund type products but they're av

at historic highs, chevron, a lot of health care names like humana and industrial names like lockheed martinraditionally associated with the value camp and we're seeing some rotation here and that is evident on some of the earnings pictures which we'll talk about a little bit on monday so people are saying, exxon is the new f.a.a.n.g. like a big thing to say on some of the trading devgz you can see that because the out performance has been noticeable. energy stocks up 23% this month, industrials up 12%, health care 9% put the board up there, tech and communication services which is what we call growth sectors have been noticeably lagging. the bottom line here is, we're starting to see shift in the earnings picture and maybe this will result in a more balanced s&p 500. maybe we don't necessarily need to have technology 25 or 30% of the s&p. wouldn't that be nice. that hasn't happened in a while to see a shift in the value versus growth story. right. >> exxon, the new f.a.a.n.g. got it thanks have a good weekended. >>> to the bond market and rick santelli tracking the action as the yields are

in the morning we get results from the high tech defense contractor, lockheed martin delivered a high number and i beth ra raytheon does the same thing. it's very much a buy after the close tuesday, outfit reports and i'm expecting a good set of numbers thanks to the strength of youtube. this stock got dinged on snaps before rallying late in the day and finishing positive but the funny thing is, i believe alphabet is taking share from snap because google search gives advertisers the right eyeballs and snap is really in the end messaging site for children. the big venture capitalists decided it needed to be more and microsoft has more or less preannounced the p.c. related illness but hasn't disclosed anything about the enterprise. i think the stock works when we hear exactly how well the enterprise part of the business is doing chipotle reports, too. now, i bet they have no trouble beating the s&p because the trade has so much going for it best food. we didn't order from it today. what's that about? great technology and a work force that doesn't turnover much staffing and training are

united launch alliance, they're still in existence of course, a joint venture between boeing and lockheed martin, they had the monopoly on government launches including to the international space station and so you know, back in the shuttle days i mean. neil: right. >> so without disruptor like elon musk coming in, now he has brought the launch cost of a satellite say, not necessarily a crew flight but a satellite, instead of costing in the neighborhood of 1 bun, 150 million to launch a satellite, using reusable booster he is advertising prices closer to 35 million. dramatically brought the price down but still not low enough for you and me, right? four people aboard the vehicle, divide 35 million by four, still a pretty big number. neil: you're right, my friend. thank you, leroy. you're a very modest guy but i always heard it said about you your pulse rate would be incredibly low through the most high pressure situations. if that were mine it would read like a geiger counter, say bring cavuto back. that is the difference between leroy and my. thank you very much for your ventures into space. >>

restaurant we don't need that i actually want to add something a little controversial i'd like to add lockheed martin it's anything but played out and i'm going to let -- i can't keep adobe and trade desk i can't. it's not right to do that. let's get health care humana isy travel trust name. let's use humana so much more "mad money" after the break. sorry i got so involved but you know how important diversification is particularly when you're over weighted in technology which is doing so poorly right now in the market we'll be back in a moment. >> announcer: coming up, is the stock as rugged as the jeans cramer revisits a stock that will wear the pants in your portfolio, next. (vo) is three hundred and ninety-one thousand four hundred and thirty-four square feet... enough space for your ambition? loopnet. the most popular place to find a space. >>> how bad is the situation is this right now we have it all over the place discounting apparel and moving it off the shelves last night levi strauss reported a quarter that went down 11% technically the earners were ahead of the expectations. yes, there was

and lockheed martin has been on fire, tim seymour. >> yes thank you. >> it is great to have you guys. schlumberger and verizon we'll see how snap opens thanks for watching "fast." "fa. "mad money" with jim cramer starts right now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now >>> hey, i'm cramer! welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you a little money my job is not just to entertain but to educate, teach and talk about days like today where it looked great and then just gives it all up. so call me at 1-800-743-cnbc or feet yes @jimcramer. when you throw enough negative

good earnings out of goldman and bank of america so that's we're feeling like sweet lockheed martin. nice numbers. johnson johnson, x numbers. some headline is that i know you're going to love. mcdonald's is introducing krispy kreme doughnuts in 9 locations. so when you go for your coffee and your breakfast, you can grab a donut to go. and it's about kind of sugary sweet donuts. talk about doing the steal a base, steal prieto local taco for the world series again. again, it's just really to me, it's all about the millennials and getting them engaged. if you could pick the player on their app, you also get a free soda and it's pushing that app and microsoft going to elect obama 1000 employees about one percent of the workforce. that's what we need. we need more of that. it sat it stinks. it's not very nice of me to say, but that's what kills inflation. james, how much longer before we get a krispy kreme burger at mcdonald's? you are the krispy kreme chicken sandwich. that's what made you think of it. if you haven't tried one of those i'm so close to diabetes that it would push beyond

. >> lockheed martin serving after topping estimate adding $14 billion to its stock buyback program. >>> and home builder sentiment fell sharply this month thanks to higher mortgage rates and continuing supply chain constraints. with the extension of a short-lished drop beginning of the pandemic, the nhab index is at its lowest level in over ten years. >>> and federal prosecutors charged a french multi-national company with sponsoring the terrorist group isis lafarge cement pleaded guilty to paying isis about $17 million to help keep a plant in syria running. lafarge denies payments were made to support terrorist attacks made by isis. >>> back to you, carl, sorry jon. >> i will take it. bertha, thanks. >>> some ipo-related news this morning. intel cutting valuation for self-driving car unit mobile eye ahead of what's expected to be one of the biggest tech listings of the year, which there aren't a lot of tech listing this year. new valuation around $16 billion less than a third of what was initially expected that's not the first cut we've seen companies across public and private mark

goldman sachs is higher on a beat lockheed martin soaring up johnson & johnson beating on the top and bottom lines hasbro is pulling back after the bell we'll get netflix and we'll be joined with a preview in just a bit. >>> let's begin with the activist news that david faber broke today. salesforce shares are up 4%. david faber joins us with the latest i'm interested in the colgate news you brought but activism heating up. we can start with salesforce we did report that this morning. it was followed by a presentation by jeff smith at an annual conference we attended, an active passive conference in which he made a presentation that he focused on salesforce, a new position at starboard. interesting from their perspective because it is such a large company, we're talking about $150 billion or so market value. but it was underperformed. when you look back over the last few years it's underperformed the s&p and a lot of its peers and smith points to operating margins as a real focus for potential opportunity there. i'll let him say it. perhaps he can do so better than i can. >> what we w

meanwhile, lockheed martin says it will up its production of himars lonrange rocket artillery systems, which the u.s. has been providing to ukraine. on wednesday, officials in denmark confirmed powerful explosions caused the nord stream 1 and 2 gas pipelines to leak in the baltic seaast month, though did not specify the origin of the blasts. here in the united states, president biden is announcing the release of another 15 million barrels of fuel from the strategic petroleum reserve. the move seeks to ease prices at the gas pump amid the ongoing war and three weeks ahead of the midterm election. on tuesday, president biden vowed to enshrine access to abortion into law if democrats can expand their narrow majorities in congress in the upcoming midterms. pres. biden: here's the promise, to you and the american people. the first bill i will send a congress will be to codify roe v. wade. when congress passes it, i will sign it in january 50 years after roe was decided law of the land. amy: biden made the remarks yesterday at a democratic national committee event in washington, d.c. as man

yes, i've increased exposure to the -- northrop grumman's outstanding, up about 30% this year, lockheed martin's been great. raytheon not so great, but they're big in the hypersonic weaponry play, so you still want to be in raytheon. i also like pharma. i've been big in lilly, pretty strong play. also in pfizer, i'm losing on that one. don't follow me there. [laughter] energy i like chevron. and my warren buffett play is oxy. i'll be in that as long as he is. liz: you know, occidental, he has a huge crush on that stock is. i said it on my tiktok this morning, my market minute that we put out every single morning, it was all about what is buffett doing on a morning like this because we were deep, deep, deep in the red. and,s listen, we've interviewed him so many times, he was buying this morning, i can almost guarantee it. and what would he be buying? just look at past history, recent history, occidental petroleum because it's a discount right now. we've got it down about 2.7%, and apple. he loves apple. apple has been a brilliant trade for him. the vix, may i just ask you about that, phil? you'r