The Steve Jobs biographer tells CNBC, "I've seen this movie before, which is what happened at Apple."
Cramer spoke one day after health-care stocks posted sharp gains after the Senate released its health bill.
There are many reasons to buy shares of those firms, but a play on cryptocurrencies is not one of them, Jim Cramer says.
The fourth-largest U.S. cable provider priced its IPO at $1.9 billion.
Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."
Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.
“Squawk on the Street” Co-Anchor
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
"Squawk on the Street" is headquartered live on the floor of the New York Stock Exchange. We are there when the opening bell rings every day, taking viewers right to the posts where the biggest companies trade.
"Squawk on the Street" is headquartered live on the floor of the New York Stock Exchange. We are there when the all-important opening bell rings every day. With our exclusive "Eye on the Floor" wireless cameras at the NYSE we take the viewer onto the floor of the exchange, right to the posts where the biggest companies in the world trade. In addition, our exclusive "Tick by Tick" charts track the action of every trade of every stock. Our live market coverage doesn’t stop on the corner of Wall and Broad Streets in lower Manhattan. We also have exclusive coverage from the floor of the CME Group in Chicago giving our viewers the treasury, currency and commodity action in real time. In addition, "Squawk on the Street" is also on the air when the closing bells ring throughout Europe. That final hour of European trading starting at 10:30am eastern has proven to be very volatile and has a major impact on all U.S. based markets.