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Lightning Round: MetroPCS, Chimera Investment, Realty Income and More

MetroPCS Communications : Cramer said this stock's time has come and gone, and he'd rather own some Sprint Nextel bonds instead.

Chimera Investment : Cramer said he feels much better about affiliate Annaly Capital Management over Chimera. With a 13 percent return a strong management team, he thinks it's the better play.

Realty Income Corp : To Cramer, this company offers "domestic security," meaning it has little overseas exposure. It also boasts great growth prospects and juicy dividend.

(RELATED: Cramer's Top Dividend Stocks 2012)

Office Depot : Cramer said to stay away from this stock and opt for Home Depot instead.

Brocade Communications : Cramer is not a fan of this stock right now.

Virgin Media : Forget the craziness surrounding this stock and put your money in Verizon or Vodafone instead.

Read on for Cramer’s Plays on a Potential Housing Rebound

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