Why investors should not buy in the current market weakness

Jim Cramer, of CNBC, told Wall Street on Tuesday that he lacked enough "safe zones" to justify stock picking in the context of the current market weakness.

But "Mad Money" announcer also warned that, due to the uncertainty surrounding the US-China trade relationship, it may be risky to sell more after the Dow Jones Industrial Average has published its fourth negative session in the last five.

Cramer said he feared that a new tweet from President Donald Trump would again disrupt the stock trading. The market would rally again if Trump said that progress had been made with the Chinese and that the rate hike he was planning announced this Friday, said Cramer.

Trump really cares about the stock market and that's why it's hard to turn against the market after that drop, he continued.

"He sees the Dow and the S & P 500 as the best criteria for determining whether he's doing a good job or not," Cramer said. "So, if we have another terrible day like today, the president could give Wall Street what he wants and go more easily to China." That's why I think that's "what's going on?" it's too late to sell here and I'm so eager to tell you to pull the trigger, but I want to wait. "

Stocks of consumer staples are hard to buy here because they are on the rise and have lost their protection against the dividend, Cramer said. National discount retailers are caught in the crosshairs of the potential rise in tariffs on billions of dollars of Chinese imports, and the kings of the cloud, Cramer's list of seven high-potential technology stocks, could see more sales as money managers prepare for the Uber IPO on Friday.

Google's Facebook, Facebook, Amazon, Apple, Netflix and Alphabet shares are also in trouble. Although Cramer has different underlying reasons not to buy each of these tech giants at the moment, they could also suffer another blow before Uber's debut.

Plus, it's not the time to buy defensive stocks such as PepsiCo, Procter & Gamble or Estee Lauder because there's no need to worry about it. a slowdown, said Cramer.

"Remember the good thing: the same thing that allows Trump to play hard with the Chinese – the fabulous economy with 3.6% unemployment and 3.2% of GDP – will make the stock market accessible again. once weak hands will be shaken and panic will be resolved, "he said.

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The stock market may not be able to handle "every other shot" of the Uber IPO and possible price hikes on Chinese imports next Friday, Cramer warned.

"Even after the huge losses of today, I am still worried about what could happen on Friday," said the animator of "Mad Money". "So, if you have not taken any profit recently, I think … that it's too late to sell."

President Donald Trump's plan to raise tariffs of $ 200 billion on Chinese goods from 10% to 25% has already triggered the liquidation of stocks during the first two days of the bargaining week, Cramer said.

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Cramer said he would not buy Uber shares when he first listed on the New York Stock Exchange on Friday.

"As much as I hate to be a negative Nancy … I would pass Uber, unless you can get an excerpt from the initial public offering and then call the registry immediately at the opening," he said. l & # 39; facilitator. "Apart from that, though, when you look at the fundamentals, what no one does … there is simply not much that deserves to be excited."

Uber's proposed price range of $ 44 to $ 50 per share is a reasonable estimate, but it will not be cheap, Cramer said. The stock would trade with a premium up to 6 times higher than the company's sales in 2019, he said.

"There is a world where this is cheap beyond, not for a company with a 20% revenue growth," said Cramer. "Although it's a lot cheaper than we've seen [from other IPOs]and it's cheap, quite cheap, as opposed to IPO-Darling Beyond Meat. "

Get more information on the IPO of Uber here

Teladoc CEO Jason Gorevic travels to Cramer to discuss the stigma of mental health and access to health care.

See the full interview here

Chris McCann, CEO of 1-800-Flowers.com, tells Cramer how the company integrates artificial intelligence and other technologies to personalize its customer relationships.

Watch the entire interview here

During Cramer's flash game, the host of "Mad Money" quickly comments on his choices regarding stock selection of the day.

Starbucks Corp .: "This stock was up today, it's a sign of great strength, but I'm not going to tell you to change anything, but I think the company is doing well. We interviewed Kevin Johnson, the CEO, recently he's doing a great job, they're in great shape. "

Penumbra Inc .: "Another medical device company that I do not know well … we're going to have to go back to that one." Remember, I like Dexcom well and they come out wonderfully. , even if the shorting. "

HealthEquity Inc .: "It's a very interesting health care business, your savings in health care and what they do, and I really like it. the business model thinks that they can be much bigger than they really are. "

Disclosure: The Cramer Charitable Trust holds shares in Facebook, Amazon, Apple, Alphabet and Netflix.