Cramer's Stop Trading!: Sallie Mae

NEW YORK (TheStreet) -- On his Wednesday Stop Trading! segment on CNBC, Jim Cramer said he thinks that Panera Bread(PNRA) can be grouped together with Chipotle(CMG) and Whole Foods(WFMI) because it offers fast food that is perceived to be good for you.

"Panera is part of that rubric," Cramer said.

People, Cramer added, will pay a premium for healthy foods.

Panera is currently poised to hire 25,000 new employees.

Still, Cramer wouldn't recommend buying Panera right now, given that it's a high multiple stock without dividends. Instead, he said he would buy Panera during quick, sharp drops that happens several times a year due to "misinformed selling."

Cramer believes that the business of student loan portfolios is picking up, and therefore views Sallie Mae(SLM) as a "very good" company with many assets. "This company is worth a lot more than $11."

Sprint reported a narrower-than-expected quarterly loss Wednesday, which Cramer reacted warmly to. Meanwhile, he noted that Jones Apparel,(JNY) which also reported on Wednesday and posted better-than-expected earnings, shows that the footwear business in is "alive and well."

As a "shoe bull," Cramer also likes V.F. Corp(VFC). Worries about the company are completely "overblown," he said.

Cramer's Stop Trading!: Peabody, J&J

Click here for Cramer's Tuesday Stop Trading! segment

-- Reported by Andrea Tse in New York

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