The stock of Allergan seems to be on a one-way path of struggle and endless competition, CNBC's Jim Cramer said on Thursday.
"It can't catch a break," the "Mad Money" host told a caller in the lightning round. "Sage Therapeutics has got a competitive drug to something that they may be doing for depression. The other day we saw another company, Revance [Therapeutics], have a competitive product to Botox. Doesn't matter that the CEO, Brent Saunders, just bought a lot of stock. Nothing matters. This stock is a one-way stock."
Cramer even compared Allergan's stock to bitcoin, the wildly popular digital currency that also seems to be on a "one-way" path to $20,000 and possibly beyond.
"It is the anti-bitcoin," Cramer said.
It's easy to call the market "crazy" or "irrational" in the face of an unexpected sell-off like the one that happened in the technology stocks this week, Cramer said on Thursday.
"But the market's not crazy, nor is it irrational," he said. "In reality, traders tend to make wild over-generalizations. They act fast, they paint with too broad a brush and it's a mistake to assume that they really know what they're doing. In short, the market's often wrong."
Even as tech stocks recovered later in the week, Cramer wanted to point out some of the most puzzling names that were thrown away by hasty sellers.
Cramer began with the stock of Salesforce.com, a massive cloud company with its hands in nearly every part of customer relations and enterprise software.
With the CBOE, CME and Nasdaq hopping aboard the bitcoin train to offer their own derivatives of the wildly popular cryptocurrency, Cramer issued a warning about the craze.
"After its recent ascent, bitcoin's become some sort of abstruse casino game that seems to have only winners and no losers. You've got to like that, right? I think, though, that could change," Cramer said. "Whenever any security runs from $5,000 to $10,000 to $15,000 to $19,000 in a matter of weeks or even hours, you've gotta wonder how long it will be before it bursts."
Given the buzz around bitcoin, Cramer said that it could still have room to run even after Thursday's rally, which brought the digital currency above $19,000 for the first time.
But the "Mad Money" host still came up with five reasons to be suspicious of the trend.
As the House and Senate move closer to passing tax reform, Boeing Chairman, President and CEO Dennis Muilenburg told CNBC that he sees the effort as critical to economic growth.
"I think tax reform is the single most important thing we can do in this country to unleash economic energy. It's going to unleash growth," Muilenburg told Cramer in an exclusive interview on Thursday.
Corporate tax cuts would be particularly good for Boeing, which had a 23 percent effective tax rate in 2016, according to the non-profit Institute on Taxation and Economic Policy.
Muilenburg said that the global aircraft manufacturer would put the additional cash to work mainly by boosting its $6-billion-a-year research and development budget.
Passenger traffic in the travel sector is growing at 7 percent a year â outpacing the United States' near-2 percent GDP growth â and Boeing is at the center of the trend, Muilenburg said on Thursday.
"The nature of the business has changed. Global traffic has become very networked, very connected," Muilenburg told Cramer. "We've got millions of new people traveling every year. And so our business has turned from being a cyclical, commercial business to a long-term sustained growth business."
As a company that focuses on long-term prospects (and one of the few public companies with a 20-year plan), Boeing is ramping up production to meet the pace of growth, the CEO said.
Muilenburg also talked up his company's partnership with NASA, saying that Boeing will beat Elon Musk's SpaceX in a space race to Mars.
Disclosure: Cramer's charitable trust owns shares of Allergan.
Questions for Cramer? Call Cramer: 1-800-743-CNBC
Want to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine
Questions, comments, suggestions for the "Mad Money" website? email@example.com
PlexCoin Founder Gets Jail Time, Fine on Contempt Charge
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering.
On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic
'Bitcoin Jesus' is 'really, really concerned' about the future of the digital currency
An early bitcoin investor said Monday the digital currency can run higher, but the hype has far outpaced its usability. "I think in the short run it can run up a lot more," Roger Ver, CEO of
Bitcoin has aspects of a bubble, but it's OK to 'play' with it: Economist Robert Shiller
Bitcoin has "aspects of a bubble" but it's almost impossible to know whether it's gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride
Futures Launch Puts Record Bitcoin Highs Back in Play – Yahoo Finance
Digital currency bitcoin begins trading on major exchange for first time in Chicago WLS-TVBitcoin Futures Started So Hot That Trading Had to Be Halted Twice FortuneBusiness Insider Â âCNNMoney Â â
Understanding Futures: A Primer for Bitcoiners
Lanre Sarumi is the CEO of Level Trading Field, an interactive online platform for professionals in the finance industry.
"Study the past if you would define the future." – Confucius
Bitcoin Price Back Above $17k to Set New All-Time High
The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).
As of press time, the BPI had climbed as high as $17,382.64, beating the $17
People are taking out mortgages to buy bitcoin, says securities regulator
Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday. "We've seen mortgages being taken out to buy
Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch
Two exchange-traded fund (ETF) providers have filed with the U.S. Securities and Exchange Commission (SEC) to create Bitcoin ETF products that trade in cryptocurrency derivatives.
According to the