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The stock market might not be able to handle a "one-two punch" from Uber's IPO and potential tariff increases on Chinese imports this coming Friday, Cramer warned."Mad Money"President Donald Trump's plan to hike tariffs from 10% to 25% on $200 billion worth of Chinese goods has already caused stocks to sell off in the first two days of the trading week, Cramer said.A driver uses an Uber Technologies car service app on a mobile device while driving in Washington, D.C.
"As much as I hate to be a negative Nancy ... I would pass on Uber, unless you can get a piece of the actual IPO and then immediately ring the register at the opening," the host said. "Other than that, though, when you look at the fundamentals, which no one is doing … there's just not much here worth getting excited about."is a reasonable valuation, but it won't be cheap, Cramer said.
"There's a universe where that is cheap beyond, not for a company with 20% revenue growth, though," Cramer said. "Although, it's a heck of a lot less pricey than what we've seen [from other IPOs], and it's cheap, downright cheap, versus IPO-darling
Why does CNBC give this scam artist a platform?
Exactly what a simulation would say
wtid oil etn inverse of 7 dollars and ......nore
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