Jim Cramer Gives His Opinion On New York Community Bancorp And Stanley Black & Decker

Jim Cramer said on CNBC's Mad Money that young investors should be looking at high growth companies and avoid long-term fossil fuel investments. Fossil fuels are going to look like tobacco in 20 years, Cramer added.

Investing is a long-term business and New York Community Bancorp, Inc. NYCB looks fine, despite its recent pullback, believes Cramer. He would hold the position because he thinks that if the Fed raises rates, the stock should jump to $20.

Cramer doesn't know if Stanley Black & Decker, Inc. SWK has bottomed, but he is buying pull backs in the stock and building a position, because the company is more valuable than it is selling for.