Jim Cramer's top 10 things to watch in the stock market Monday

CNBC Finance

4 min read

My top 10 things to watch Monday, April 27 1. Stock futures are flat this morning. Surprising given that oil is up after Iran peace talks stalled again over the weekend. President Donald Trump on Saturday axed plans to send U.S. special envoy Steve Witkoff and Jared Kushner to Pakistan for war negotiations. The market is coming off of a volatile yet historic week . The S & P 500 and Nasdaq hit several record highs. 2. Elon Musk vs. Sam Altman. The yearslong legal battle between two of the OpenAI founders will go to trial today. Musk's $134 billion lawsuit claims Altman went back on a promise to always keep the ChatGPT startup a nonprofit. The court case comes as Altman's OpenAI and Musk's SpaceX are each reportedly getting ready to go public. I touched on those potential IPOs in my Sunday column for Club members. 3. Qualcomm shares are jumping 8% this morning on reports of a partnership with OpenAI to develop smartphone processing chips. OpenAI is planning to create a smartphone. It bought ex- Apple design chief Jony Ive's startup for $6.4 billion last year. Ive was the longtime creative force behind the iPhone. Qualcomm surged 11% Friday as chip names surged. 4. Organon stock jumped 17% this morning on a premium, all-cash acquisition bid from India's biggest drugmaker, Sun Pharmaceutical, for $11.75 billion. Shares of New Jersey-based Organon, spun off from Merck in 2021, surged 30% on Friday on reports of the deal. Organon specializes in women's health, including the Nexplanon and NuvaRing birth control implants. 5. Adobe . Where do we go from here? Much lower, according to Mizuho, which downgraded the stock to hold from buy. Analysts pointed to AI disruption concerns, and intensifying competition that could hit Adobe's margins in the future.Â We've had similar concerns about AI with Club name Salesforce but generally think its business should be more insulated. 6. Verizon reported a quarterly earnings-per-share beat but missed on revenue. No matter, the stock was up 2% on net additions of monthly plans and great prepaid plans numbers. Monthly plans, or postpaid in industry terms, turned in their first positive first quarter since 2013. Full-year postpaid guidance was raised. 7. Bernstein downgraded soup and snack maker Campbell's to a hold from buy. Analysts blamed Campbell's growing share in shrinking subcategories. Cape Cod and Kettle chips are show-me stories. Snyders pretzels is on the decline. Pepperidge Farm is fine, but not enough to offset underperformance. Rao's sauce is growing low double digits. 8. China has blocked Meta 's acquisition of AI startup Manus. The National Development and Reform Commission, China's state planner, called for the deal's cancellation early this morning. Meta's bid for Manus was announced last December in a transaction valued around $2 billion. A Meta spokesperson previously told CNBC that the acquisition "complied fully with applicable law." The Facebook parent will report earnings on Wednesday. 9. CrowdStrike was upgraded to buy from hold over at Mizuho. Analysts took their price target up to $520 from $490, citing "very healthy" demand across the company's platform. The Club stock has experienced a lot of volatility in 2026. Wall Street has unfairly grouped cyber stocks into the " buy hardware, sell software " trade. We own peer Palo Alto Networks as well. 10. Piper Sandler bumped its Blackstone price target up to $130 from $122. Analysts pointed to earnings last week when Blackstone posted its second-best quarterly results since 2022. Fundraising was positive and so was management's commentary on IPO activity. Remember, a pickup in Wall Street deals is great news for Goldman Sachs stock. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) 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.

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Jim Cramer's top 10 things to watch in the stock market Monday

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