raytheon's revenue in terms of international is about 32% and growing.eel very optimistic about the outlook for international sales moving forward we have the right solutions. we have the right price points and we have the right relationships with all these countries worldwide. >> looking out over the longer term over the coming years, what will you expect international to be in terms of sales mix >> we'd like to grow it to 50% of the company and that's our big goal moving forward. we're not stopping at 32%. >> consolidation want to get your thoughts on it. we've seen it in the broader defense sector northrop grumman general dynamics buying csra are you on the prowl >> i would say we're always on the prowl. that's part any of business. you're always looking at your portfolio. either way, exit businesses or bring new businesses on. the main area here is -- this is setting a strategy and trying to figure out how to set that strategy and where you have gaps in that strategy and use mergers and acquisitions as essentially a tool to implement your strategy so

off and i don't care raytheon is a buy. remember, beware of escalating trade issues before you do any buying next week i want you to be comfortable with them. i just need you to be comfortable and don't panic. "mad money" tonight. red hat just had its first day since 2016 after lowering i am going to talk with the ceo to find out if maybe it could be a buying opportunity or a red flag and trying to get in on the cannabis trade on a weed to know basis. are the bulls driving in the wrong direction? pull out your map. and stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredie

patents amid the escalating trade dispute ceo of raytheon is going to join us on what he sees as somee solutions with the dow down 38 at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep rally. i cleared my inbox! holiday inn express, be the readiest. holiday inn express, that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. >>> i'm consider here's your news update at this hour taliban militants are believed to be behind an attack on a local police checkpoint in a western province killing one and wounding four others the second incident in the province following an assault on two checkpoints where at least 30 afghan soldiers were kirlds. >>> ayatollah khomeini, he claims the action reveal

honorable exceptions because the financial press reported on the falls in stock prices unlucky martin raytheon boeing northrop grumman all contractors involved in the u.s. weaponry in the southern korean peninsula aimed directly at north korea oh i think you're always going to be able to find some small exceptions to the general rule but certainly no major david gest there we're just reporting the share price in venice right right but i think the general pattern here is very very clear and very strong that the major electronic and print media have been unanimous in their position that the united states is on the wrong track your the trunk administration's on the wrong track in trying to bring about an agreement with the mystery of because of it because trump will be played that's that's the underlying theme of most of the coverage and then ninety ninety nine there was a trip by the clinton administrations that william perry brought back from the cold former pentagon boss that failed when cheney and a man called john bolton and to the bush administration bolton's libya option is it off the tabl

first up, defense stocks are under pressure today shares of raytheon are on track for their worst day in three weeks. a loss of about 3% >> i just don't agree with this move $700 billion, that's the defense budget just because the appearances that north korea and the united states is movingo a more calmer relationship doesn't mean you sell your defense stocks these stocks are higher on the year i would argue take a look at northrop grumman steph, you own that. >> i was going to bring that up. >> it's a name i owned in the past, and that's the one tham i would look to own. >> yeah -- >> fedex raising its dividend by 30%. back to you becausia own it. >> i do, but it's been a frustrating stock. down 10% from the january highs. that actually makes me feel a little better than the setup into the quarter is okay i still like the margin story side of the, of this company i still think the tnt synergies are underappreciated and the stock is trading at about 18 times forward. >> weight watchers hitting an all-new high >> you think that was on purpose? she always said outsized growth. i talked

honorable exceptions because the financial press reported on the falls in stock prices unlucky martin raytheon boeing northrop grumman all contractors involved in the u.s. weaponry in the southern korean peninsula aimed directly at north korea oh i think you're always going to be able to find some small exceptions to the general rule but certainly no major david gest there we're just reporting the share price in venice right right but i think the general pattern here is very very clear and very strong that the major electronic and print media have been unanimous in their position that the united states is on the wrong track here the trunk administration's on the wrong track in trying to bring about an agreement between mystery of because of it because trump will be played that's that's the underlying theme of most of the coverage and then one hundred ninety nine there was a trip by the clinton administrations that william perry brought back from the cold former pentagon boss that failed when cheney and a man called john bolton and to the bush administration bolton's libya option is it off the

perhaps not surprising to see some of the biggest makers of those systems like raytheon and lockheedartin leading to the downside today keep in mind this sector has had a big run still up 8% this year, despite a recent earnings season sell-off that said, from buckingham research, noting that the exports globally last year south korea and japan accounted for less than 10% of that total. factor in other bad actors, china, russia, iran, et cetera the asia-pacific region may not represent an area of growth, plenty of other potential drivers of military hardwaresalf other analysts i've spoken with don't see a lot of positive catalysts for defense stocks, richly valued, i note. he does say early plans for fiscal year 2020 defense budget will be key come later this summer he expects double-digit growth in defense spending outlets. i would also note that the national defense authorization act of 2019 is kicking around congress, the senate specifically and going back to this discussion of china on the heels of a hack of a navy contractor just last week that we reported by china, with everythi

up with trader telling is buying on drip of lockheed martin and raytheon and northrop grumman saying, northrop grumman was favorite of best balance sheet. general dynamics not picking that one up. we see this group in particular pulling back some. back to you, neil. neil: thank you, nicole. thank you very much. as nicole was talking rifling through some issues whether a trade deal is a hand or close to one, i'm sorry, military deal, peace deal, whatever you want to call it, security deal with the north koreans, if all sudden now you're talking about cutting back on joint military exercises with the south koreans, notingly defense and related issues go down. uncanny how that goes. market watchers keith fitz-gerald and david johnson all that. what do you think the markets are telling us post this initial talks stage? >> essentially it is reiterating the fact something like north korea and nuclear conflict is what we call a tail risk. it is highly unlikely yet severe type situation and markets can't respond to it. they don't drop when they worry about nuclear war, how do you price someth

had done some things to rewrite code and export data, et cetera i was sitting down with the ceo of raytheon this week as well. one of the things he said is that even though elon musk got out there -- he didn't comment on tesla, let me be very clear he said this insider threat is much more prevalent and common than people realize. >> yeah. i don't disagree with that i think, one, we all should listen to whistleblowers and i think we're getting better at that, for sure, on a lot of different fronts for someone who claims to be a whistle blower to go in and steal data and hack into software to do that is certainly illegal. and there are better ways to be a whistleblower if that's really what this employee was trying to do i think this story will have legs for a while until we really understand what goes on there. it's not clear to me exactly where this lands it's not a great time for something like this to happen at tesla. you're trying to focus on production volumes and your brand and position and the backlog that was just mentioned, it's not a great time to have this in the news as well that

aerospace and defense stocks falling at this hour including the names of raytheon, aerojet, general dynamics, lockheed martin, the usual suspects moving lower. 1 1/2 in the case of cradle's defense, down 3%. the other movers on wall street, twitter hitting a three-year high after analysts at jpmorgan boosted their price target on the stock to $560 from 39 cents per share. that can't be right. there's an extra o in there. the highest price target on twitter, the stock up 4.5%. investors celebrating a brand-new member of the s&p 500. twitter the best performer on the index. good day for twitter. >>> jpmorgan giving a boost to weight watchers, after the bank initiated the stock with a $500 price target saying it'se to s watchingrom the sidelines. weight watchers up 4.5%. >>> and amazon sends a shiver down retailers' spines, in the case of sears, jumping at this hour after the retailer is expanding partnership with amazon. if you can't beat them, join them, to 118 auto centers. people can buy tires online and take them to centers to install them. >>> t-minus one hour away on a decision that coul

it's issued to defense contractor raytheon for a device invented by one of its employees.atent is for a type of laser-based object detection used in industries such as autonomous vehicles, medical imaging, and space and see explosion. where waiting for the end of the meeting. q&a continues over basically the zero-tolerance immigration policy. that is intensifying. the president started by saying don't worry about the trade issues with china. we will get reaction from the panel on all of this when we come back. wish we got money back on gym memberships. get money back hilarious. with claim-free rewards. switching to allstate is worth it. red lobster's lobster & shrimp hesummerfest is back! with lobster and shrimp together in so many new ways. like new cedar plank seafood bake, roasted to perfection. or new caribbean lobster and shrimp. but hurry in. lobster & shrimp summerfest won't last. billions of problems. dry mouth? parched mouth? cotton mouth? there's a therabreath for you. therabreath oral rinse and lozenges. help relieve dry mouth using natural enzymes to soothe and

getting really big defense contractors, raytheon, northrup ramin down. -- northrop grumman down.ery trade war, sort of political ground zero. big heavyweights in industrial went down. defense being one, trade tensions this week. you see boeing and caterpillar getting hit. boeing is the poster child for trade tension. and you have the mr. manafort news in the background, the president's legal entanglements. there doesn't seem to be as much of a reaction as we saw before. blog i had a reader of the message me the minute the headline on the trump foundation case came out, the new york attorney general suing the trump foundation, trying to shut it down. do markets have a reaction to this? toy have just become numb the legal entanglements, unless it is a very existential issue for the president and his agenda, that the market isn't even paying attention. julie: it would have to have a tangible effect on the economy. legaless the entanglements rise to the level of disruption in the administration, it doesn't seem like it would hit stock. mike: from a wall street perspective, it is star

s of lockheed martin and raytheon, two of the top four u.s. defense contractors who were each paid paid -- contractors were each paid over $20 million in total compensation. moreover, more than 90% of the revenues from those cpanies came from defense spending. so they get the bulk of their money that comes from the taxpayers of the united states, and then they pay their c.e.o.'s exorbitant compensation packages. i think the american people might like to know why a defense contractor can pay its c.e.o. 100 times more than the secretary of defense whose salary is capped at $205,000. in my mind, that is a reasonable question. how does the c.e.o. of a defense contractor get 100 times more salary than the secretary of defense? and that is why, mr. president, i have filed an amendment to prohibit defense contractor c.e.o.'s from making more money than the secretary of defense. moreover, mr. president, as the g.a.o. has told us, there assive defense department's acquisition budget that we have got to address. according to the g.a.o., the pentagon's $

>> i think the easy way to differentiate, raytheon has by far the most exposure to international foreignitary sales. they're really focused on missile defense and missiles so i think they are the best way to play the kind of heightened threat environment inrnationally. lockheed would be a second then air environment which is a smaller cap name would probably be a third >> fred was telling -- what was the news you just saw cross? >> this is the interesting thing. reuters is reporting that the south korean psidential office says it needs clarity on trump's intentions after he said washington will stop joint military exercises so this suggests there was not a pre-cooked agreement with the south koreans that this was a good move. and this is something to watch because what trump has done in his success thus far on north korea is something he didn't do in the g7 which is he had a strategy he consulted allies. he stayed close with the south koreans. he saw abe from japan ahead of the meeting. he's got to keep tight with his allies going through this. they're a little bit in south korea. some a

s of lockheed martin and raytheon, two of the top four u.s. defense contractors, were each paid over $20 million in total compensation. moreover, more than 90% of the revenue from those companies came from defense spending. in other words, we have a situation where companies that get almost all of their revenue from defense contracting are paying their c.e.o.'s 100 times more than the secretary of defense gets whose salary is capped at $205,000 a year. that, to me, makes no sense at all, and that is why, madam president, i have filed an amendment to prohibit defense contractor c.e.o.'s from making more money than the secretary of defense. moreover, madam president, as the g.a.o. has told us, there are massive cost overruns in the defense department's acquisition budget that must be addressed. according to the g.a.o., the pentagon's $1.66 trillion acquisition portfolio currently suffers from more than 5 -- $537 million in cost overruns with much of the cost growth taking place after production. in other words, defense contractors say we're goin

stuart: i like to talk about a stock you like big time, raytheon.em because they are the leading missile supplier, is that right? >> certainly one of the reasons i like them. they're a quality company. just increased their dividend by 8%. they have a strong stock buyback program. they are a must-have company in the world we live in today. and that is important because it means defensive, pardon the pun, but also a good place to harbor your cash as you wait for markets to settle is out. stuart: two questions, a, do you own it? if you do, b, where do you see it going? >> okay. so personally no. family yes. we do own it. i see it going higher. i'm looking to fine tune my holdings here and we have recommended it but the company does not own it. stuart: got it. where do you see it going? >> i see in concert with the broader market, a little bit of a downdraft but i see the stock powering higher into next year. stuart: got it. there is a firm called idc. it says apple will take the lead in wearables, wearable computing power is what they're saying. you br

raytheon, northrop grumman, lockheed martin, all on the downside this morning.ctually helping push the overall market to the downside. different story for lands' end, clothing retailer. les down 20% in the last quarter but they loss less money than expected to lose. they're not doing too badly. have come back to just about dead break even. that is where we are, down just a fraction of a point. 25,320. >>> democrats, they're going right after president trump after the north korea summit. here is nancy pelosi. quote, in his haste to reach an agreement, president trump elevated north korea to the level of the united states while preserving the regime's status quo. coauthor of the book, let trump be trump, and citizens united president david bossie is with us now. why don't i clear the stage, let you go right at what nancy pelosi had to say. go. >> look, she is once again delusional. she continues to hate this president more than she loves our country. she has a complete disregard for american history. she said and others like her said the exact same thing about ron