My top 10 things to watch Wednesday, Oct. 22 1. GE Vernova reported an earnings beat this morning and reaffirmed its full-year targets. The Club stock posted excellent organic orders for gas turbines, but miserable orders for wind. Wind is a rounding error. It has a giant hyperscale order and is the only company that does power at scale. Nuclear coming this decade, others much later in the 2030s, so we should kill the speculation of all other nuke and uranium stocks. Shares advanced 2% in the premarket. Look for our full earnings analysis later this morning. 2. Fellow Club stock Capital One delivered an incredibly strong quarterly report yesterday after the bell. Good credit metrics. Ready to integrate Discovery. Barclays raised its price target to $277 from $251. Meanwhile, KeyBanc likes Visa and Mastercard — the firm assumed coverage of both with overweight ratings — so does everyone else. These are always in favor and are good stocks. We picked Capital One because it could be the next Visa or Mastercard now that it owns the Discover network. 3. Texas Roadhouse , also a Club holding, had its price target cut to $187 from $189 by Barclays, which kept its buy rating. But this stock is all about the price of steak , which hasn’t come down. 4. The truth behind Oklo in the Financial Times — “Inside Oklo: the $20bn nuclear start-up without any revenue” — should shake people up. Oklo has been one of the leading speculative stocks this year. 5. AST SpaceMobile does $1 billion offering of convertible senior notes due 2036. The notes will carry a 2.00% annual interest rate, and will have an initial conversion price of about $96.30 per share of AST SpaceMobile’s Class A common stock, representing a 22.5% premium over the Oct. 21 closing price of $78.61. This is very 2000 as hedge funds will take the paper and short the stock. This company has almost no revenue and loses gobs of money. Another classic speculative company. 6. Netflix shares dropped over 7% after a noisy print thanks to a Brazilian tax dispute. I liked the quarter and the sports events coming up. Its opportunity around gaming and interactivity is huge, too. Piper Sandler cut its price target by $100 to $1,400 but kept its buy rating. 7. Beyond Meat struck an expanded distribution agreement with Walmart , so of course the stock got “memed.” After skyrocketing 146% yesterday on the news, shares are up almost 100% in the premarket. This company has never made money. Usual meme-stock scheme. 8. Baird upped its price target on Club name Danaher to $247 from $236 after yesterday’s strong initial guide for 2026 . It’s been years since the Street has rallied around this one. Danaher is among the real companies with real profits , reminding us that the speculative names don’t define this market. 9. Yet another price target cut for Starbucks . This time, it’s Barclays going to $95 from $115, though it kept its buy rating. Yesterday, UBS cut its PT, and Wells Fargo did so last week. However, shares have added almost 10% in the past seven sessions. CEO Brian Niccol needs time to execute his turnaround plan. 10. Susquehanna lifted its Qualcomm price target to $200 from $190 and remained positive on the modem maker’s stock ahead of earnings. It also went to $155 from $140 on Cirrus Logic . Both names are suppliers to Club name Apple , which has a hit on its hands with the iPhone 17. Just look at AT & T’s earnings . Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) 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.
