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Even after Tuesday's big market decline, Jim Cramer told his Mad Money viewers he's still worried about Friday -- when the stock market could receive a one-two punch that could send it into a tailspin.

That first punch will come in the form of increased tariffs on Chinese goods, Cramer said. The market desperately wants to put an  end to the lingering trade war, but President Trump seemingly has other ideas. China has been violating trade rules for decades. Cramer said our economy is certainly strong enough to handle this blow, but not if combined with what's likely coming next.

That second punch to the face will be Uber's IPO. Cramer said he fears Uber's offering could follow the same pattern at rival Lyft (LYFT) and spike at the open, only to collapse afterwards. He hoped that Morgan Stanley (MS) learned the lesson of Lyft and will have plenty of shares on hand to keep prices low for an order open and a successful first day where no one gets hurt.

So while it may be a good time to confront China over trade and a great day for a hot, new IPO, Cramer said these two events together could spell disaster for Friday's session. That's why he continues to urge viewers to take profits, lock in their gains and remain cautious. 

On Real Money, Cramer has more analysis of Uber's timing and the trade war. Get more of his insights with a free trial subscription to Real Money.

Looking Ahead to the Buying Opportunity

Tuesday's selloff was a man-made event, Cramer told viewers, and that means a man-made buying opportunity could be coming next. Cramer said normally after a selloff like today, he'd start recommending investors buy consumer packaged goods stocks, or perhaps some health insurers or domestic retailers. But this selloff could be different. That's because increased tariffs could have an effect on our economy, including domestic retail. And the coming Uber IPO could send the entire market lower.

Technology and the cloud kings are likely to be safe, Cramer said, but these groups will likely be a source of funds for money managers to buy the Uber IPO, so it may still be too easy to nibble at these groups too. So while it is too late to sell stocks at these levels, Cramer advised investors keep their powder dry and wait until at least the end of tomorrow to see where the market is head before starting any new positions.

Cramer and the AAP team have reduced their overall exposure to the trade war escalation by selling a couple of weaker stocks that are relying on an uptick in economic growth in the second half of 2019. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus

Uber's Got a Timing Problem

Cramer's on record saying that the coming Uber IPO could be problematic for the stock market, but what about for Uber shareholders? The Uber will be the third largest tech IPO ever, just behind Alibaba (BABA) and Facebook (FB) . Rumors say there's strong demand for the deal, which should price at the top of its expected price range.

On the surface, Cramer said, Uber is a compelling company. It operates in 700 metropolitan areas across six continents and processes 14 million trips every day. Add to that Uber Eats for food delivery and Uber Freight for logistics and there's a compelling story to be made. But as with all IPOs, Cramer said it all comes down to the numbers.

Last year, Uber saw 42% revenue growth -- growth which began to decelerate dramatically this year as the law of large numbers finally took hold. The company's gross margins are also shrinking, making Uber even farther away from profitability. The expectation has always been that Uber would come in and dominate an area with low prices, then raise them to become profitable. But with competition from Lyft and dozens of competitors in food delivery and logistics, these expected price increases may never come.

Cramer said he loves Uber the company and its services, but he would not be a buyer of Uber stock. 

Executive Decision: Teledoc Health

For his "Executive Decision" segment, Cramer sat down with Jason Gorevic, CEO of Teledoc Health (TDOC) , the telemedicine provider with shares up 24% for the year.

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Gorevic said that Teledoc's business continues to accelerate. The company was founded in 2002 and it took until 2015 before the company performed one million patient sessions. It only took two years for the company to achieve one million sessions in a single year and last year they hit that milestone in a single quarter. When asked if they can continue to grow, Gorevic said they routinely test their capacity to 10 times their peak volumes.

Virtual care is slowly becoming mainstream, Gorevic added. He said 20 million people will soon have access to virtual care via Medicare Advantage and other insurance providers are also trialing and adding virtual care to their plans.

One area where virtual care really shines is mental health. Gorevic noted that half of all mental health patients never get the care they need, largely due to the stigma of seeing a provider. Virtual care helps alleviate those worries, allowing patients to interact with a provider when and where they need it.

Executive Decision: 1-800-Flowers

In his second "Executive Decision" segment, Cramer sat down with Chris McCann, president and CEO of 1-800-Flowers (FLWS) , to discuss the flower and gift delivery business as Mother's Day approaches. Shares of 1-800-Flowers have risen 67% so far this year.

McCann said his company enables more human expression, connection and celebration throughout all of life's occasions. While Mother's Day may be top of mind right now, he said everyday giving for birthdays, get wells and sympathy are also big drivers for their business.

McCann recalled how his company began as a single flower shop in New York City in 1976 and now services customers around the globe through technology and a continued focus on the customer and personalization.

1-800-Flowers is also innovating with new technologies, like virtual assistants and artificial intelligence, to help make the gift giving experience even more pleasurable for their customers. 

Lightning Round

In the Lightning Round, Cramer was bullish on Starbucks (SBUX) , DexCom (DXCM) , HealthEquity (HQY) , Canopy Growth (CGC) , CVS Health (CVS) and Timken (TKR) .

Cramer was bearish on Turning Point Brands (TPB) and Tilray (TLRY) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in FB, CVS.