How Jim Cramer would play GE Vernova swoon, plus 2 industrials to watch

Every weekday, CNBC Investment Club with Jim Cramer hosts a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's highlights. 1. Stocks fell Wednesday morning as company profits came in. The S&P 500 was nearly flat on Tuesday. President Donald Trump said Tuesday that his highly anticipated meeting with Chinese President Xi may or may not happen. Jim Cramer said that none of the major market-moving developments in China business "give you the opportunity to evaluate how the actual companies are doing." That led him to turn to Capital One, a stock he calls "one of our absolute favorite companies that we have in our portfolio." The bank reported strong third-quarter earnings on Tuesday after the bell, as credit quality performance improved. Although Capital One shares were up more than 3.5% on Wednesday at $225 per share, there's much more upside, Jim said. “This is a stock that will go to $250 by the end of the year,” Jim said. 2. Jim said the more than 7% decline in GE Vernova shares was “not justified.” Shares of the energy equipment manufacturing company tumbled before the market opened on Wednesday despite an excellent third-quarter report. Jim encouraged investors to wait until tomorrow to start buying stocks; On that day, the Club can then start purchasing. GE Vernova will host an investor update on December 9, providing an outlook to 2028. This will act as a positive catalyst for the stock. Check your texts and email inboxes for our full earnings analysis coming soon. 3. Looking ahead, industry club names Honeywell and Dover are scheduled to report before the opening bell on Thursday. On Honeywell, Jim cautioned that the stock tends to trade lower post-report. We will be looking for an update on the critical aerospace segment, which failed to meet expectations last quarter. Honeywell shares have lost 7.5% this year. As for Dover, Jim called the stock's 8.4% year-to-date decline "really wrong." We remain patient as the company refocuses its portfolio on higher-margin, faster-growing businesses such as clean energy components, disposable biopharmaceutical products and data center cooling. Jim says both of these stocks are cheap. 4. At the end of the video, the stocks covered in Wednesday's rapid fire were: Netflix, Vertiv, Texas Instruments, Intuitive Surgical and Thermo Fisher. (Jim Cramer's Charitable Trust is COF, GEV, HON, DOV. See here for a full list of stocks.) When you subscribe 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 trading alert before buying or selling a stock in his charitable foundation's portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing the trading alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH THE DISCLAIMERS. NO CIVIL OBLIGATIONS OR DUTIES EXIST OR SHALL BE RESULTING FROM YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT GUARANTEE IS MADE.