Mad Money Lightning Round OT: Cramer Is Not A Buyer Of EW (NLY, CIM, EW, BKI)
On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he prefers Annaly Capital Management, Inc. (NYSE: NLY) over Chimera Investment Corporation (NYSE: CIM). He explained that these stocks have about equal dividend yield, but when Treasury starts selling its portfolio that is going to be Annaly's (NLY) strong suit. Annaly Capital Management, Inc. (NYSE: NLY) gained 1.40%, and closed at $18.08.
Edwards Lifesciences Corp (NYSE: EW) has moved too much, thinks Cramer, and he doesn't want to step up and buy the stock that has already moved. He is looking for the stocks that have pulled back. Edwards Lifesciences Corp (NYSE: EW) fell 1.70% today, and it closed at $85.15.
Cramer thinks that Buckeye Technologies Inc. (NYSE: BKI) is a brilliant company. He recommended it as a buy. Buckeye Technologies Inc. (BKI) gained 2.32% on Wednesday, and closed at $25.56.
