Jim Cramer's top 10 things to watch in the stock market Monday
Elon Musk vs. Sam Altman legal battle over OpenAI goes to trial.
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stock futures are flat this morning, even with oil up after iran peace talks stalled again over the weekend. the s&p 500 and nasdaq hit several record highs last week. elon musk's $134 billion lawsuit against sam altman goes to trial today, claiming altman broke a promise to keep openai a nonprofit. both openai and spacex are reportedly getting ready to go public.
qualcomm shares are jumping 8% on reports of a partnership with openai to develop smartphone chips. organon stock jumped 17% on an $11.75 billion all-cash acquisition bid from india's sun pharmaceutical. verizon beat on earnings per share but missed on revenue — stock was up 2% on net additions of monthly plans, which turned in their first positive first quarter since 2013.
china blocked meta's acquisition of ai startup manus. the national development and reform commission called for the deal's cancellation. meta's bid was valued around $2 billion. crowdstrike was upgraded to buy at mizuho, price target up to $520 from $490, citing "very healthy" demand. blackstone posted its second-best quarterly results since 2022.
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