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Lightning Round OT: Cypress Sharpridge Investments, Diamond Offshore Drilling and More

Cypress Sharpridge Investments : To Cramer, this stock's 19.2 percent dividend yield is "too good to be true." For those looking for a high-yielder, he recommends AnnalyCapital Management .

Peet's Coffee & Tea : While Cramer likes this company, he thinks it's fully valued. Don't buy.

Diamond Offshore Drilling : Cramer is bullish on the oil drillers, including DIA. After recently speaking with its CEO, he thinks Diamond is very "shareholder-friendly."

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    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."

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