Jim Cramer Likes NLY, Dislikes AMAT, BX,
Jim Cramer said on CNBC's Mad Money Lightning Round OT that Applied Materials (NASDAQ: AMAT) conference call is the reason why this stock can't make a break through. WSJ had an article on Applied Materials (AMAT) that suggested that the company is expecting a strong growth. The headline would have been enough for this stock to bounce, but management ruined AMAT's chances with the downbeat tone on the conference call. They threw cold water on the stock, and Cramer has to do the same. Applied Materials (AMAT) gained 0.24% on Friday.
Mr. Cramer can't recommend Blackstone Group (NYSE: BX) because he doesn't know what they own. Blackstone (BX) is not playing with an open hand, says Jim Cramer. Blackstone (BX) jumped 4.05% on the Friday.
If Fed doesn't raise interest rates this year Annaly Capital Management, Inc. (NYSE: NLY) is a stock you could own. Jim Cramer thinks that Fed won't be lifting interest rates any time soon and therefore he is a buyer of Annaly Capital Management, Inc. (NLY). NLY added 0.39% on Friday.
