Cramer: Five 'perils' of investing in individual stocks

Investors must be aware of potential rewards and beware the potential risks when buying a stock because anything can happen on the stock market, CNBC's Jim Cramer said Thursday.

Boeing's stock has had strong momentum growing double digits in 2019 with unforeseen risks. That is until its 737 Max jet was involved in its second fatal plane crash in less than five months. The discount retailer announced it needs to spend more money on its stores to attract customers, an investment in"some important strategic initiatives that nobody I know saw coming," Cramer said.

Johnson & Johnson lost a $29 million lawsuit Wednesday to a cancer patient that alleged one of its products contained asbestos. There are many other related cases in the works against the pharmaceutical giant.

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