Cramer Sells One Of His Favorite Stocks: Annaly Capital (NLY)

Today, Jim Cramer sold half his position (7500 shares) in one his favorite stocks ran by his neighbor Mike Farrell, Annaly Capital (NYSE: NLY). He's still keeping some of his skin in the game because he believes in Farrell, but he sold because he may be nervous of margin calls at Annaly similar to what happened with Carlyle Capital.
Annaly Capital is trading down 19% today. You can learn more about Jim Cramer's portfolio here.
[JT]

You May Also Be Interested In

• Anthropic plans IPO potentially exceeding SpaceX's $86B record - Bloomberg
• Bessent on bonds: buyback could be more than 4 billion - CNBC
• Prime Video to invest $2 billion in Latin America by 2030