Squawk on the Street Cramer’s Morning Take: Chevron 1/5/26
Jan 5, 2026
The hosts dive into the market's latest shifts, highlighting rising financials and some weakness in health care. Cramer warns against speculating on energy stocks after recent political events in Venezuela. He identifies Chevron, Valero, and Halliburton as key players who could benefit from the potential opening of Venezuelan crude access. They also discuss the broader implications of these movements for investors looking to navigate the current landscape.
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Avoid Short-Term Energy Speculation
- Avoid speculative trades tied to short-term geopolitics and arrests, even when a sector spikes overnight.
- Prefer steady, high-quality names like NVIDIA over risky big one-day moves in Chevron or similar energy stocks.
Winners From Venezuelan Heavy Crude
- Venezuela's heavy crude shifts who benefits in energy; some refiners and service firms gain more than others.
- Chevron likely wins, Valero can monetize heavy crude, and Halliburton may benefit from reworking wells.
Watch Oilfield Services And Drillers
- Watch oilfield services and drillers as potential beneficiaries of renewed Venezuelan production activity.
- Consider Halliburton and drilling companies, but treat them as speculative plays.