Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks are moving lower on Wednesday morning as corporate earnings roll in. The S & P 500 was essentially flat on Tuesday. President Donald Trump said Tuesday his highly anticipated meeting with Chinese President Xi could happen or may not. No major market-moving China trade developments “gives you an opportunity to assess how real companies are doing,” Jim Cramer said. That made him turn to Capital One , a stock he called “one of the absolute favorite companies that we have in the portfolio.” The bank reported strong third-quarter earnings on Tuesday after the bell, driven by improved credit quality performance. Jim said there’s much more upside in Capital One stock even after it rallied more than 3.5% Wednesday, hovering at $225 per share. “This is a stock that’s gonna go to $250… by the end of the year,” Jim said. 2. Jim called the more than 7% decline in GE Vernova stock “not justified.” Shares of the energy equipment manufacturing company tanked despite reporting an excellent third quarter before the market opened on Wednesday. Jim encouraged investors to wait until tomorrow to start buying the stock, which is when the Club may start buying as well. GE Vernova is going to host an investor update on Dec. 9, giving an outlook into 2028. That should serve as a positive catalyst for the stock. Check your texts and email inboxes for our full earnings analysis shortly. 3. Looking ahead, industrial Club names Honeywell and Dover are slated to report Thursday before the opening bell. On Honeywell, Jim warned that the stock tends to trade lower after it reports. We’ll be looking for an update on its critical aerospace segment, which missed expectations last quarter. Honeywell shares are down 7.5% this year. As for Dover, Jim called the stock’s 8.4% year-to-date slump “really wrong.” We’re staying patient as the company refocuses its portfolio on higher-margin and faster-growing businesses like clean energy components, single-use biopharma, and data center cooling. Jim says both of these stocks are cheap. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: Netflix , Vertiv , Texas Instruments , Intuitive Surgical , and Thermo Fisher . (Jim Cramer’s Charitable Trust is long COF, GEV, HON, DOV. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
