CNBC's Jim Cramer on Tuesday said he would not buy shares of Uber when it lists for the first time on the New York Stock Exchange Friday. "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 "Mad Money" 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." Uber's proposed price range of $44 to $50 per share is a reasonable valuation, but it won't be cheap, Cramer said. The stock would trade at a premium as high as 6-times the company's 2019 sales, he 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 Beyond Meat." There is cause for concern about Uber following Lyft's debut to public markets, he said. Still, Uber offers more options than Lyft, including food delivery and logistics segments, and has a much larger reach in 700 metropolitan areas on six continents, he added. While Uber is a larger business with more to offer than its chief rival, growth is slowing, sales are dropping, and the company is still far from turning a profit, Cramer said. "Uber has spent years taking over the ride-sharing business, either via acquisitions or through aggressive internal expansion," he said. "They're the undisputed king of this business, and in many ways, I think Uber is the future of transportation." But Uber's potential to shape the future doesn't mean its an automatic good stock to invest in, Cramer said. Gross bookings increased 45% to $49.8 billion in 2018, and revenue increased 42% to $11.3 billion — but Uber still lost $3 billion for the year, he said. That number is down from a $4 billion loss in 2017, but it's still a problem, he added. Net revenue growth on its core platform, which includes ride-sharing and Uber Eats, decreased from 125% in 2017 to 39% in 2018. The company forecast growth for the segment of about 10% for the first quarter of 2019, Cramer said. "That's a hideous slowdown," he said. As far as profitability, Uber's margins are headed in the wrong direction, Cramer said. The company posted a first-quarter EBITDA margin — a measure of a company's overall financial performance — of negative 31%. That marks a double-digit drop from the year before, when EBITDA margin rang in at negative 10.8%, he highlighted. The contribution margin on the core platform, representing sales revenue minus variable costs, was 18% a year ago, but the company is estimating a negative margin of between 4% and 7% for the first quarter, Cramer said. "This number hasn't been negative since 2016," he said. "I am worried that Uber was dealing with a very competitive environment in the first quarter … which led to lots of discounts, the last thing you want to hear about with any IPO, let alone any stock." While many investors are worried about the trade war between the United States and China, Cramer said he is more worried about the excitement surrounding Uber's debut on the public market. It could become the third-largest technology IPO in history behind Alibaba and Facebook, he said. The deal could raise as much as $10 billion for the platform. "I've been concerned that investors will sell all sorts of tech stocks so they can raise capital to participate in this exciting Uber deal," he said. "I fear what might happen if irrationally exuberant investors swoop in and bid the stock up like crazy at the opening using market orders, not limited orders ... only for the darned thing to sell off dramatically as people who got in on the actual deal start ringing the register in droves."<doc-sep>Don't be a "knucklehead market-ordering buyer" who purchases Uber shares at any price when they go public Friday, Jim Cramer says. In fact, he recommends that those who got pre-IPO shares sell them as soon as the stock opens for trading. "I suggest if you get stock [pre-IPO], the best time to sell ... is that opening price," Cramer said Thursday in an exclusive video-conference call with members of his Action Alerts PLUS club for investors. "Of course it can go higher, but then you will be devoid of the retail market buying that might have brought it up high to begin with." Although lead underwriter Morgan Stanley priced the IPO at $45 a share on Thursday evening, Cramer said the Uber stock could jump higher when trading begins Friday under the ticker symbol "UBER." But he said that Morgan Stanley has an ace in the hole -- a bunch of extra shares at its disposal that the firm can dump on the open market if Uber's first trading day gets out of control. "My behind-the-scene talks indicate that Morgan Stanley is going to try to halt the buying at the $80 level by offering company stock there," Cramer said. "That could sate even the knucklehead market ordering buyers. I am begging you not to be one." He said that because after Uber starts trading, "you will most likely see lots of selling by accounts that aren't as restricted as management or Morgan Stanley might like. For instance, there are many convertible securities and they will be ripe for the selling against. ... These could be what I call 'mean' sellers -- meaning they don't have any price [where] they won't sell because they are up so much." Check Out All of Cramer's VIP Conference Call Click here for a free 14-day trial of Jim's Action Alerts PLUS club for investors and get instant access to a complete replay of his entire video-conference call, including Jim's "5 Rules for Trimming Your Winning Stock Positions." Club membership includes exclusive access to a private video conference each month with Jim, during which he also gives his latest views on the market and answers e-mailed questions from members. Membership also includes lot of other exclusive benefits, including: A complete rundown of all of stocks that Jim himself holds in a trust that he runs for charity; E-mail alerts that give you a chance to buy or sell any stock before Jim makes the trade for the trust; Custom research throughout every trading day from Jim and his team of stock-market analysts. You get to see in real time what they're watching each market day as they make investment decisions. Click here to sign up for Action Alerts PLUS and watch a full replay of the video-conference call today!<doc-sep>Hell week culminated with Uber's "total thud" of a debut and an increase of tariffs on products shipped from China, which was the last thing that markets wanted to see, CNBC's Jim Cramer said Friday. Many investors thought the ride-hailing company, in the most anticipated IPO of the year, would make a red-hot debut on the New York Stock Exchange, but the share price fluttered to about a $41 close after raising more than $8 billion on its $45 offering price. In broader trading, U.S. equities rebounded after initially selling off when tariffs on Chinese imports were hiked to 25% from 10%. The Dow Jones Industrial Average climbed 114 points, the gained 0.37% and the Nasdaq Composite rose 0.8%. "We made it through hell week," the "Mad Money" host said. "And now that we've made it to the other side, we can finally start talking about earnings and interest rates again, not just tariffs and the Uber deal. And I bet that means the market will attempt to stabilize at these new lower but oversold levels." Here's what Cramer's looking forward to in the week ahead: Monday: Take-Two Interactive Take-Two Interactive: Take-Two Interactive Software reports earnings after the bell. The Rockstar Games and 2K Sports parent, who holds the Grand Theft Auto and NBA 2K franchises under its umbrella, has been delivering good numbers lately, Cramer said. "Take-Two doesn't have a big battle royale game like EA, but they've got a great stable of franchises," he said. "CEO Strauss Zelnick has a history of practicing 'UPOD.' Yes, under promise and over delivering. I bet this stock pops." Tuesday: Ralph Lauren, Cyberark, Tilray Ralph Lauren: The luxury fashion label is out with its quarterly report before the market opens, and Cramer expects the quarter to be as good as the one prior. "CEO Patrice Louvet has done a remarkable job here working hand in hand with the great Ralph Lauren, himself, to offer a more focused lineup of products while also pruning the less profitable stores," Cramer said. Cyberark: The information security company has an earnings call in the morning. The cybersecurity sector has run into some recent weakness, and Cramer said it's a good time to do some shopping in the space because the industry theme is still solid. Symantec is one stock to load up on on Monday, he said. "I'd also be a buyer of CyberArk's stock," said Cramer, who has faith in CEO Udi Mokady. Tilray: At the end of stock trading, Tilray presents its latest financial results. Canopy, however, is the cannabis company that Cramer prefers. "If you have to own a pot stock, please take a pass on Tilray and go for Canopy, especially after the big run Tilray had today," he said. Alibaba: Alibaba gives its quarterly report before the bell. Cramer doesn't like to recommend Chinese stocks because their financials differ from that of American companies. Alibaba, the Amazon of China, is one exception, he said. "I think Alibaba will put up some terrific numbers, because the Chinese government is spending a fortune to stimulate their economy and spur domestic consumption," Cramer said. Macy's: The department chain giant, which dates back to the antebellum, will announce earnings in the morning. Wall Street was disappointed by Macy's prior quarter, and the stock is inexpensive with a 6.7% yield, Cramer said. "Because we had bad weather in the first quarter, even if Macy's surprises to the upside, I doubt it will be much of a beat," he said. "Still, that monster dividend gives you a lot of protection." Cisco Systems: Cisco will relay its quarterly report to shareholders after the bell. Cramer said he is concerned that neither the company or stock can perform any better than it already has, which can bring pressure. The equity has run nearly 23% in 2019, and the host has trimmed some from his ActionAlertsPlus.com charity trust. "We are letting the rest run, though, because I'm a big believer in Cisco's transformation from a hardware company into more of a hardware and software and security company," Cramer said. Thursday: Walmart, Nivida, Pinterest, Deere Walmart: Walmart will report its latest earnings report before the bell. The big box retail giant has gone through an "amazing" transformation, offering low grocery prices and improving the shopping experience, Cramer said. It's prices are giving Amazon a run for its money, he added. "More important, the stores are clean and fresh and the employees actually seem like they're liking working there, which is something that happens when you give a raise," Cramer said. Nvidia: Nvidia reports earnings after markets close. Cramer has reloaded on shares now that the semiconductor company is doubling down on the data center in its bid for Mellanox and supplying top-of-the-line gaming and self-driving chips. "I know it's already bounced a lot from its lows, but I think you can buy some before the quarter and buy some more after," Cramer said. CEO Jensen Huang is on the schedule for a one-on-one interview with the "Mad Money" host Thursday. Pinterest: Pinterest is out with its first quarterly report since going public last month. "Pinterest is absurdly expensive," Cramer said. "But given the dearth of social media plays, the valuation could turn out to be justified when it reports this day." Friday: Deere Deere: Deere will release its latest earnings report before the market opens. Cramer said he thought about the John Deere agriculture equipment brand when President Donald Trump promised to help farmers that will be impacted by the tariff hike on Chinese imports. "Before the government starts bailing out our farmers, the Chinese have to target them with retaliatory tariffs," Cramer said. "So I say let's wait before pulling the trigger on this one." WATCH: Cramer delivers his game plan for next week<doc-sep>Jim Cramer: Why This Is the 'Worst Week' for Uber to IPO Are you ready for one of this year's biggest IPO's? Uber (UBER) - Get Report is planning on officially going public Friday. Uber's debut is one of the tech sector's most highly anticipated, with its offering expected to raise as much as $9 billion and result in a potential valuation of $84 billion at the midpoint of its proposed target range of $44 to $50 a share. Uber shares are expected to be priced Thursday evening with the stock to begin trading Friday on the New York Stock Exchange. "Probably the worst week in the world for Uber to bring the deal. But you know that's, that's them apples, right?" Said Cramer. Watch Jim Cramer's Daily NYSE Show and Replays Below<doc-sep>
Uber (UBER) - Get Report made its first trade at $42 a share on its New York Stock Exchange debut Friday, some $3 shy of the IPO price that valued the ridesharing group at $82.4 billion, amid a volatile market backdrop and ongoing controversy over its business practices. The opening trade of 32 million shares was a disappointment for the bookrunners, who had priced the shares at $45 each last night and watched the market retreat, along with broader U.S. equity benchmarks, amid concerns over the fate of a U.S. China trade deal. Uber shares were indicated at $46 to $48 each at the opening bell, after it priced the 180 million share offering at $45 each, near the bottom of the $44 to $50 range its Wall Street advisors had marketed the stock to investors in the weeks prior to today's listing, reported TheStreet's Martin Baccardax. So, what should investors do now? "I mean, you know, again, I'm mindful it's the middle of the day. If Morgan Stanley uses my strategy of letting all the weak hands out and then coming in with a blitz of orders, then I think you're going to say, well, you know, why didn't Jim say buy it right then? This is now people have to understand and I haven't done a lot of syndicate work," Jim Cramer said. "This is not manipulation. You're allowed to do certain things on a day like today, if you're a broker that you typically couldn't do and what they need to do is wait a little bit longer, make sure everybody who was worried is gone, and then boom. So I don't want to say it's over. Okay. I don't want to say it's over. It's too early. I will say that that is the only part of the playbook that's left and it must be done in order to make it so that we do not have a really ugly, ugly day." Related. The Overhang Caused By This Giant Uber IPO Is Now Mostly Out of the Way Watch Jim Cramer's Daily NYSE Show and Replays Below