Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 was basically flat Wednesday after a record high in the prior session. Oil prices were down on expectations of more crude supply from Venezuela. According to CNBC sources, Venezuela will ship sanctioned oil to the U.S. indefinitely. Jim Cramer said the Venezuela situation is not investable for oil stocks. But he did recommend that Club cybersecurity name CrowdStrike as a buy, saying geopolitical uncertainty due to Venezuela could lead to increased hacker activity. 2. Bristol Myers Squibb was upgraded to a buy at UBS and issued a $65 price target. Analysts noted several catalysts for the drug maker in the second half of 2026, including data from the Cobenfy trial on the treatment of Alzheimer’s psychosis. But Jim does not like Bristol Myers’ success being so pegged to Cobenfy. “If Cobenfy does have a not great number, you’re going to wish that you had never heard of this,” said Jim. UBS also assumed coverage on Eli Lilly with a buy rating, raising its price target to $1,250 from $1,080 due to its lead in the GLP-1 race. 3. Boeing shares got a slight boost after Alaska Air placed its biggest order ever for Boeing aircraft. The airliner said it is buying 110 jets, including 105 yet-to-be-certified Boeing 737 Max 10s. The minimal stock move may suggest that the market is more focused on the company’s ability to ramp production and deliveries versus its backlog. Still, Jim continues to believe Boeing is “one of the best stocks in our portfolio” as the company is seeing increased production and demand, which should be followed by robust free cash flow. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: Lowe’s, Colgate , McDonald’s , Deckers Outdoor , and Regeneron Pharmaceuticals . (Jim Cramer’s Charitable Trust is long BA, BMY, LLY. See here for a full list of the stocks.) 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.
Why Jim Cramer says to avoid oil stocks but to buy on Boeing
