Jim Cramer's Wall Street Confidential Picks, April 16

Recap of Jim Cramer’s comments on Wall Street Confidential, Monday April 16. Click on a stock ticker for more analysis:

Sallie Mae (SLM), JP Morgan (JPM), First Marblehead (FMD), Citibank (C): Cramer urged investors to take notice of JPM's role in the SLM buyout, and predicts that JPM may "pretty much have a monopoly" in the area of student loans. Cramer believes in JPM CEO Jamie Dimon, and thinks the stock is cheap. He noted FMD declined on worries that it will lose business from JPM and Bank of America while they are occupied with the Sallie Mae deal. Concerning Chris Flowers, who is initiating the buyout, Cramer says, "I worked with him at Goldman Sachs and he's one of the most exacting people I've ever seen. He only gets involved when there are real home runs, not doubles or triples." Cramer also thinks SLM's smaller competitor in the student loan business, Citibank, is another takeover target. Moving from the financial sector, Cramer comments that if Freeport-McMoRan had not bought Phelps Dodge, it would have been taken over by a private equity firm. "One of the things we see over and over again are these 8, 9 10, 11 times earnings companies being bought by private equity," he commented. "Money is being printed everywhere and that is causing lots of people to buy lots of different things. It's interesting that the inflation side of the equation has vanished for now."

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