GO
Loading...

Stop Trading!

Thursday, 23 Aug 2007 | 3:49 PM ET

Cramer is baffled by members of the Federal Reserve who still believe that tightening interest rates is the right move.

Stop Trading!
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett

"We're not out of the woods unless we get several more cuts," he said on Stop Trading! today.

Cramer's winner stock for today was Annaly Capital. CEO Michael Farrell is the "king of mortgages," he said. Farrell started at REIT, Chimera, to take advantage of these recent credit troubles.

Hudson City Bancorp gets the nod from Cramer because it only loans to what he called one of the few areas in real estate trading up: New York City.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
HCBK
---
NLY
---

Featured

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.