Cramer: Uber's IPO and tariffs could be a 'one-two punch' Friday — sell ahead of time
tumbled nearly 3.9%. Those are the three most vulnerable stocks on the Dow Industrial, he said.
"I don't want to get into the politics of the trade war with China — let others do that. Whether you think it's a good idea or a bad idea, the fact is that the stock market hates it," Cramer said. "Most portfolio managers want the trade war to end; instead it's escalating." Meanwhile, excessive demand could cause Uber's share price to pop after it debuts on the public market at an expected price range of $44 to $50, he said. That will trigger investors who bought the IPO to sell the stock out of the gate, and the stock price will plummet, he added.
While many investors worry how an escalating trade war could impact the stock market, stocks might not be as vulnerable as some think, Cramer said — it could be the best time to stand up to the country. With 3.2% of GDP growth, 3.6% unemployment, and virtually non-existent inflation, Cramer said the U.S. economy is in better position to absorb the pain than China's."I think we can take the pain much better than they can," he said.
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