Publish date:

Jim Cramer's Stop Trading! Buy Baidu

Cramer also likes Annaly.

Buy

Baidu

(BIDU) - Get Report

, Jim Cramer said Friday on CNBC's Stop Trading! segment.

Cramer said the stock is going to $500 from a recent $318, even after Thursday's sudden 10% plunge. Cramer said the selloff was prompted by a downgrade that he said "means nothing to me."

Cramer said

BEA Systems

will fetch at least $20 a share in a buyout by

Oracle

(ORCL) - Get Report

, which earlier Friday unveiled a $17-a-share bid for its software rival. Cramer called BEA holder Carl Icahn "money."

Cramer likes

Annaly Capital

(NLY) - Get Report

, saying it's the best financial stock to own for the rest of the year. Cramer also said

Citi

TST Recommends

(C) - Get Report

should hire former

Wells Fargo

(WFC) - Get Report

chief Dick Kovacevich or Treasury Under Secretary for Domestic Finance Bob Steel, a former

Goldman

(GS) - Get Report

exec, to replace the oft-criticized CEO Chuck Prince.

At the time of publication, Cramer was long Citi and Goldman.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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