Cramer has a problem with Alphabet. Plus, updates on 2 industrials

CNBC’s Morning Meeting highlighted a broader risk-off market backdrop, with the S&P 500 down more than 1% as oil prices surged on Middle East conflict and the 10-year Treasury yield hit its highest level since January 2025. For Alphabet, the focus was not on the earnings beat but on rising AI-related capital spending, which Jim Cramer said weakens the company’s balance sheet and makes the post-earnings pullback unattractive for buying. The article also noted a sharp move in industrials: Dover fell nearly 8% after a mixed quarter and an execution miss in refrigeration production, prompting Cramer to say he’s ready to move on. In contrast, Honeywell rose more than 6% after reporting 4% organic revenue growth and 10% adjusted EPS growth, reinforcing positive sentiment on the name. Overall, the piece emphasizes rotation, higher rates, and discipline around balance-sheet quality and execution risk.