Cramer's Lightning Round - Citigroup Is a Must Buy (11/29/10)

Includes: C, CMO, HES, NLY, VALE
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday November 29.

Bullish Calls:

Vale (NYSE:VALE): "I know the chart looks bad. Vale is the premium mineral company in the world. I continue to pull the trigger. I think this is the most undervalued mineral play in the world. Stick with it."

Citigroup (NYSE:C): "Oh, four dollars and change. This is a must buy. The government will finish (selling it) one day and this will explode. Citi is a special situation (among bank stocks). It goes to $4.50."

Hess (NYSE:HES): "Yes, yes.... this has more catalysts than any oil company around. I think this could be worth $100."

Annaly Capital (NYSE:NLY): "We have done massive research in this group. We are backing Annaly. It has a better yield, better management."

Bearish Calls:

Capstead Mortgage (NYSE:CMO): "I want to swap out of Capstead and swap into Annaly."


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