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Market Update: Cramer Backs CrowdStrike Amid Flat S&P

1/7/2026

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Summary

Story summary

On January 7, 2026, CNBC Investing Club with Jim Cramer held a "Morning Meeting".
The S&P 500 stayed flat after a record high, as oil fell due to Venezuela.
Cramer advised against oil stocks tied to Venezuela but recommended CrowdStrike.
Bristol Myers Squibb received UBS's buy rating, with concerns about the Cobenfy trial.
Boeing's stock rose after Alaska Air ordered 110 jets, with Cramer noting rising production and demand.

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Story summary

On January 7, 2026, CNBC Investing Club with Jim Cramer held a "Morning Meeting".
The S&P 500 stayed flat after a record high, as oil fell due to Venezuela.
Cramer advised against oil stocks tied to Venezuela but recommended CrowdStrike.
Bristol Myers Squibb received UBS's buy rating, with concerns about the Cobenfy trial.
Boeing's stock rose after Alaska Air ordered 110 jets, with Cramer noting rising production and demand.