On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Cypress Sharpridge Investments, Inc. CYS looks too good to be true. He invited the management of the company on his show to ask them how they can pay a 19% dividend yield. Until then, he recommends Annaly Capital Management, Inc. NLY as a good high yielding stock. Cypress Sharpridge Investments, Inc. (CYS) gained 0.32% today, while Annaly Capital Management (NLY) gained 0.34%.
Cramer thinks that Peet's Coffee & Tea, Inc. PEET is trading at its full value, and he said that he wouldn't buy this stock. Peet's Coffee & Tea, Inc. (PEET) gained 1.49%, and it closed at $48.51.
Diamond Offshore Drilling, Inc. DO should be bought, thinks Cramer. Diamond Offshore Drilling, Inc. (DO) fell 0.95% today, and it closed at $72.06.
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