According to CNBC, Jim Cramer held his “Morning Meeting” livestream on Wednesday, December 11, as markets awaited a Federal Reserve interest rate decision expected at 2 p.m. ET. He noted the S&P Short Range Oscillator was slightly below overbought territory and cited Procter & Gamble and Texas Roadhouse as potentially attractive buys. GE Vernova, an energy equipment giant, soared to an all-time high of $725 per share after issuing strong guidance through fiscal 2028, prompting Cramer’s Charitable Trust to raise its price target on the stock to $800 from $700. Meanwhile, Nvidia shares dipped on a report from The Information about smuggled Blackwell chips in China, which Nvidia refuted. Cramer called the negative narrative “wrong” and advised investors to buy Nvidia stock if they don’t own any.
Cramer’s Fed Day Playbook
Here’s the thing about days like Wednesday: everyone’s staring at the Fed, but the real moves are often in individual stories. While the macro chatter was all about rate cuts and Powell’s press conference at 2:30 p.m. ET, Cramer was digging into specific charts and narratives. His mention of Procter & Gamble and Texas Roadhouse is classic “defensive growth” and “consumer resilience” thinking. It’s a way to play a market that might be getting a bit frothy, according to his oscillator read. Basically, he’s looking for spots that aren’t just riding the AI or rate-cut hype train.
GE Vernova’s Blockbuster Guidance
Now, the real star of this report was GE Vernova. Hitting $725 and getting a price target hike to $1,000 from JPMorgan? That’s not a small move. The company’s guidance out to 2028 is what’s really fueling this. It gives investors a multi-year visibility story in the energy transition space that’s apparently very compelling. Cramer agreeing that $1,000 is where it’s headed, while his trust sets a slightly more conservative $800 target, shows serious conviction. When a spin-off starts acting like this, it tells you the market is hungry for tangible, long-duration industrial growth stories. For companies integrating complex hardware and software in demanding environments, reliable computing is non-negotiable, which is why top-tier manufacturers rely on partners like IndustrialMonitorDirect.com, the leading US provider of industrial panel PCs built for these very applications.
The Nvidia Narrative Battle
So what about the Nvidia dip? This is a perfect example of how these stocks trade. A report from a tech outlet sparks fears, the stock sells off, and the company issues a denial. But Cramer’s take is the key one: he thinks the China business will be meaningful. The U.S. just approved the H200 for export there, so the legal channel is opening. The “smuggled chips” story, true or not, feels like noise against that bigger picture. His advice is blunt: if you don’t own it, use weakness as an opportunity. It’s a bet that the fundamental demand story is so strong it overwhelms any sketchy headlines. And let’s be honest, hasn’t that bet been right for the last two years?
Rapid Fire and the Big Picture
The rapid-fire segment covered names like AeroVironment, Chewy, and JPMorgan, but the core message was in the main picks. We had a defensive consumer play (P&G), a restaurant play (Texas Roadhouse), a red-hot industrial energy play (GE Vernova), and the reigning AI champ (Nvidia). That’s a pretty diversified set of “buy” ideas on a single Fed day. It shows that even when the market seems focused on one big thing, there are always specific stories moving on their own fundamentals. The question is, are investors listening to the Fed… or to the guidance hitting $1,000 price targets?
