Jim Cramer shares 10 things to watch in the stock market on Monday

1. Boeing Boeing pleaded guilty to fraud charges stemming from the 737 MAX crashes in 2018 and 2019. The company agreed to pay a $243.6 million fine. Prosecutors said Boeing must invest at least $455 million in compliance and safety programs, among other conditions. The plea deal doesn’t mean much for Boeing’s planned acquisition of Spirit AeroSystems.
2. After several months of discussion, Paramount Global Agrees to merge with Skydance, a deal that ends the Redstone family’s control of film studios and media companies that include the CBS broadcast network and cable television networks MTV and Nickelodeon. The deal gives control to Skydance founder David Ellison, son of billionaire Oracle founder Larry Ellison.
3. Wall Street rose early Monday after a holiday-shortened trading week, with technology stocks leading the way. Nasdaq 3.5% this week. Meta Platform The stock surged nearly 6% on Friday, buoyed by favorable earnings guidance and an upbeat mood. In my column on Sunday, I explained how to love a Big Tech win.
4. Wells Fargo raised its price target on club stock Meta to $625 from $593 and maintained a buy rating. alphabet Analysts see strong advertising trends for Meta in the second quarter, and are optimistic about Alphabet’s next quarter, but think it will be hard to beat expectations as dramatically as it did in the first quarter. Both companies are due to report their latest financial results later this month.
5. A big week is coming: Earnings season is back, with three of the big four money center banks releasing results this Friday, including club names. Wells FargoThe government will also release key data on consumer and wholesale price inflation. Federal Reserve Chairman Jerome Powell will testify before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday.
6. Club name significantly raises target share price twice NVIDIA: UBS ($120 to $150, maintain buy) and Wolfe Research ($125 to $150, maintain buy). It’s been a turbulent time for the stock, but analysts at both firms see continued strong demand for Nvidia’s artificial intelligence chips.
7. A big preview of the upswing. Corning Corning raised its second-quarter sales and profit guidance, citing better-than-expected adoption of generative AI. Corning makes glass for large-screen TVs and mobile phones. Club name appleand fiber optics. Corning shares jumped more than 6%.
8. Guggenheim downgraded Service Now They changed the stock from neutral to sell and maintained their $640 price target. It’s an outlier. Analysts cite high valuations for enterprise software companies and a tough second half of the year. They don’t see a recovery for generative AI.
9. Eli Lilly Plans to acquire inflammatory bowel disease (IDB) drug development company Morphic Acquired for $3.2 billion in cash. Morphic stock rises 75%. Company in Phase 2 clinical trials for IBD and Crohn’s disease. Better than Rinvoq? AbbVie?
10. J.P. Morgan Devon EnergyThe company raised its price target to $64 from $62 and maintained a buy recommendation. Analysts are expecting a strong quarter. Kotera EnergyThere are more options between oil and natural gas production.

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