Cramer's Mortgage Winner (NLY, CIM)

Media

Published: August 23, 2007 1:57 pm

Last Updated: April 3, 2020 1:49 pm

On today’s STOP TRADING segment on CNBC, Jim Cramer noted how recent news out of the mortgage environment is a help but not necessarily an all-clear sign. He still thinks rate cuts would help, even though some Fed officials are dead wrong because they’d like to actually hike rates. Here was his winning pick in mortgages:

The winner is Annaly Capital (NYSE:NLY) because they just started a company to capitalize off of the mortgage woes last week. We covered this one ourselves last week as we covered Chimera as being the FIRST VULTURE FUND filing out there to take advantage of the disparity and weakness in the mortgage markets to buy assets.

We noted how the Chimera in mythology is a creature made of multiple creatures. "And it’s a mean one." But all jokes aside, we’d expect this Chimera IPO to be one of the fastest IPO’s to make it to market.

Jon C. Ogg
August 23, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

Take Charge of Your Retirement In Just A Few Minutes (Sponsor)

Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.

Here’s how it works:

Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.

Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!