Another stock that was hit with earnings was Blackhawk. This company is the leading global distributor of prepaid cards and gift cards, representing some 600 brands and running loyalty programs for more than 2,000 business partners.
It reported on Thursday morning delivering an 11-cent earnings beat from a $1.05 basis. The stock quickly reversed any gains and dropped $4. And while the earnings may have been good, the guidance was murky at best.
What the heck happened? A confused Cramer spoke with Blackhawk Network Holdings CEO Bill Tauscher to find out.
"We released what we thought were terrific numbers from an earnings and revenue standpoint. It turns out that the revenue number was a slight miss to some guidance we gave at the end of the third quarter. But we made this accounting adjustment where we put expenses that were marketing and customer related up as a counter revenue. It doesn't change the overall number, but it lowered the revenue. We made it very clear in the beginning that we had done that and we actually beat the revenue numbers as well," Tauscher said.
And even as Nasdaq flirts with a 15-year high and speculation mounts that tech stocks are now in a bubble, Jim Cramer is putting his foot down once and for all. Enough with the bubble talk already!
If investors what to know what a bubble looks like, there's no reason to remember all the way back to 2000. Just look at last year!
During the first quarter of 2014, the market was flooded with initial public offerings from cloud-based software companies. A new one was hitting the marketplace every day, and it was dotcom mania.
"In other words, at the moment, things are not at all bubblicious. Sure the Nasdaq has run, but that's because so many parts of tech are working, even as many of the old-school, PC-centric players like Hewlett-Packard have been hammered," Cramer said.
So, stop worrying about all this bubble talk. The high-quality stocks that have been fueling the market this year are nothing like the dotcom techs that burst the bubble last year.
Read More Cramer: Last year was bubblicious—not this year!
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Acadia Pharmaceuticals: "We did a piece on Parkinson's, and I think they may have something. I like this, but it is speculative."
NXP Semiconductors: "Remember that we are in a pullback mode for some of these Nasdaq stocks. Get it below $80 and that's when you pull the trigger. Don't be too eager."
Read More Lightning Round: Beware of this happening in March