Cramer’s got a special stock he picked out for the 500th episode – the home lender/quasi-government agency Fannie Mae . This stock is at the precipice of a massive upgrade cycle, Cramer says, and he thinks the time is just right to get in.
Fannie Mae isn’t just another financial stock. A lot of the company’s success is determined by the fortunes of the Democratic Party. When the Republicans controlled Congress, they were doing everything they could to send the big repackages of mortgages to the major banks instead of Fannie Mae. But the Democrats put a stop to that when they took both houses last November. Cramer thinks if they get the White House next year, Fannie Mae will be the biggest publicly traded beneficiary of that win.